XAGUSD Weekly Forecast Mar 17 2014

Outlook in XAGUSD is neutral with risk to the upside , support comes at the 20.60 ahead of 19.93 (main) , stability above this level will keep pushing towards the 21.77 levels , break of 21.77 would open main resistance at the 22.17 , sustained trading above the 22.17 will pave the way towards theĀ 23.40 levels where a breach will turn focus on the 23.98 levels ahead of the 25.11 levels.

On the downside , support comes at the 20.60 ahead of 19.93 (main) , sustained trading below the 19.93 levels will confirm topping and turn outlook towards the 18.67 levels, a cut will extend losses to the 17.50 levels

In all as long as support 19.93 holds on a weekly basis , the XAGUSD will remain based to the upside towards the 22.17 levels ahead of the 23.40 levels , losing the 19.93 levels on a weekly basis would reverse risks towards the 18.67 levels ahead of the 17.50 levels.

 

XAGUSD Weekly Forecast Mar 17 2014

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