Quotes of Silver XAG/USD are traded at the level of 17.619. XAG/USD is trading above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in the US Dollar Silver pair. It is expected to test the area of signal lines near the level of 17.50, from which one should expect an attempt to grow and develop the bullish trend over the Silver for the purpose of growth above the level of 17.90.
Ichimoku Kinko Hyo forecast XAG/USD on March 27, 2017
Earlier, a weak signal was received to buy a Silver, due to the intersection of the signal lines at the level of 17.20. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 17.11, which will indicate a shift in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations XAG/USD stands with the breakdown of the local maximum area at the level of 17.70.
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