XAGUSD Daily Forecast Sept 25 2014

Outlook in XAGUSD remains on the downside as long as resistance 18.00 holds on a daily closing basis  , support comes at the 17.34 levels , a cut will resume the whole fall towards the 16.90 levels , a halt is likely , but losing the 16.90 levels will continue losses towards the 16.40 levels ahead of the 15.80 levels .

On the upside , resistance comes at the 18.00 levels , sustained trading – daily closing – above the 18.00 levels will put the pair in recovery mode , but upside move above the 18.00  levels should be limited by the 18.89/19.89 levels..

In all , as long as resistance 18.00  holds on a daily closing basis , outlook in XAGUSD  remains on the downside towards the 17.34/16.90 levels , a clear break above the 18.00  levels will bring recovery towards  the 18.89/19.89  levels before the next fall..

 

XAGUSD Daily Forecast Sept 25 _2014

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