XAGUSD Weekly Forecast Sept 22 2014

Outlook in XAGUSD remains on the downside as long as resistance 18.88/19.89 holds on a weekly closing basis , support comes at the 17.79 levels ,  losing this level will accelerate the bearish move towards the 17.17 levels . a halt is likely , but further losses will pave the way towards the 16.23/14.64 levels..

On the upside , resistance comes at the 18.88 levels ahead of the 19.89 levels (main) , a clear break above the 19.89  levels will turn outlook neutral for retesting the 20.86/21.57 levels before the next fall…

In all , as long as resistance 18.88/19.89  holds on a weekly closing basis , outlook in XAGUSD remains on the downside towards the 17.17 levels and possible lower towards the 16.23  levels , a clear break above the 19.89 levels will reverse risk towards the 20.86/21.57   levels before the next fall…

 

Conclusion :

Time Frame : Weekly

Bearish Mode : Below 19.89

Recovery Mode: Above 19.89

Bullish Mode : Above 21.57

 

XAGUSD Weekly Forecast Sept 22 2014

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