TECHNICALES
XAG/USD has finally come to a bearish end lasting over 120 days! An amazing performance from the metal in comparrison to the dollar.
The pair has made a bullish break out of the trend line on Thursday this week and tried to come back in but wicked out, continued bullish and there is our bullish confirmation!
On its way up i expect it to play around the regresstion trend till resistance zone of 24.641 strong bearish movement may come into play from then but will not come back to daily resistance zone bring at 22.435.
FUNDAMENTALS TO LOOK OUT FOR
SUNDAY, OCTOBER 17
02:00
USD IMF Meeting
MONDAY, OCTOBER 18
11:30
USD Fed's Quarles speech
20:00
USD Monthly Budget Statement(Sep)
XAG/USD has finally come to a bearish end lasting over 120 days! An amazing performance from the metal in comparrison to the dollar.
The pair has made a bullish break out of the trend line on Thursday this week and tried to come back in but wicked out, continued bullish and there is our bullish confirmation!
On its way up i expect it to play around the regresstion trend till resistance zone of 24.641 strong bearish movement may come into play from then but will not come back to daily resistance zone bring at 22.435.
FUNDAMENTALS TO LOOK OUT FOR
SUNDAY, OCTOBER 17
02:00
USD IMF Meeting
MONDAY, OCTOBER 18
11:30
USD Fed's Quarles speech
20:00
USD Monthly Budget Statement(Sep)