XAGUSD Weekly Forecast Mar 31 2014

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The XAGUSD continued its bearish momentum last week, breached below the 19.93 levels. As a result, the outlook in XAGUSD turns neutral with risk to the downside towards the 19.00 levels. A break would open the 18.06 levels. A further downside will aim the 17.50 levels ahead of the 17.00 levels…

On the upside. Resistance comes at the 20.30 levels, break of the 20.30 will open 21.00 next, more gains will aim the 21.66 levels ahead of the 22.17 levels, a halt is strongly suggested, but a break of the 22.17 levels will extend gains towards the 23.30 levels where a breach will turn focus 24.30 levels…

In all, as long as resistance 22.17 holds, the XAGUSD will remain under pressure with risk towards the 19.00 levels ahead of the 18.00 levels, break of 20.17 will reverse risks towards the 23.30/24.30 levels…

XAGUSD Weekly Forecast Mar 31 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS