XAGUSD Daily Forecast Sept 17 2014

Outlook in XAGUSD has turned neutral with risk to the downside , resistance comes at the 18.88  levels , a failure to hold above the 18.88 levels on a daily closing basis could mean a return to the 18.60/18.44  levels , a cut will resume the whole fall towards the 18.00  levels , a halt is likely , but losing the 18.00  levels will continue losses towards the 17.60  levels ahead of the 17.00  levels..

On the upside , resistance comes at the 18.88 levels , sustained trading – daily closing – above the 18.88 levels will put the pair in recovery mode , but upside gains above the 18.88 levels should be limited strongly by the 19.32/19.89 levels..

In all , as long as resistance 18.88  holds on a daily closing basis , outlook in XAGUSD remains on the downside towards the 18.00/17.60 levels , a clear break above the 18.88 levels will bring recovery towards  the 19.32/19.89 levels before the next fall.

 

XAGUSD Daily Forecast Sept 17 2014

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