LUNGU_FX

WHY SOULD I SILVER ??

Long
FX_IDC:XAGUSD   Silver / U.S. Dollar
TECHNICALS
A great bullish swing move will soon begin for the following reasons.

- price has come to retest support
- price has come to retest the bullish trendline
- the bearish movement has pushed the price down to the 61.8 pullback
- RSI is indicating that the pair has been oversold which means a strong buy may come in play soon

FUNDAMENTALS TO LOOK OUT FOR

TUESDAY, NOVEMBER 23
14:45
USD Markit Manufacturing PMI(Nov) PREL
USD Markit Services PMI(Nov) PREL
USD Markit PMI Composite(Nov) PREL
USD President Biden speech

WEDNESDAY, NOVEMBER 24
13:30
USD Durable Goods Orders ex Transportation(Oct)
USD Durable Goods Orders ex Defense(Oct)
USD Durable Goods Orders(Oct)
USD Initial Jobless Claims(Nov 19)
USD Nondefense Capital Goods Orders ex Aircraft(Oct)
USD Initial Jobless Claims 4-week average(Nov 19)
USD Gross Domestic Product Annualized(Q3) PREL

15:00
USD Personal Consumption Expenditures - Price Index (YoY)(Oct)
USD Core Personal Consumption Expenditures (QoQ)(Q3) PREL
USD Core Personal Consumption Expenditures - Price Index (MoM)(Oct)
USD Michigan Consumer Sentiment Index(Nov)
USD Personal Income (MoM)(Oct)
USD Gross Domestic Product Price Index(Q3) PREL
USD Personal Consumption Expenditures - Price Index (MoM)(Oct)
USD Personal Consumption Expenditures Prices (QoQ)(Q3) PREL
Home Sales (MoM)(Oct)
USD New Home Sales Change (MoM)(Oct)
USD Core Personal Consumption Expenditures - Price Index (YoY)(Oct)

more news on fx street.

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