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ICmarkets
Jan 22, 2019 3:47 AM

XAGUSD Approaching Support, Potential Bounce Long

Silver/U.S. DollarFXCM

Description

XAGUSD is approaching its support at 14.89 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 15.34 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 1.4% where a corresponding bounce could occur.
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