Quotes of Silver XAG/USD finished the trading week with a decrease at the level of 17.95. At the moment, the potential for a fall in XAG/USD quotations to the area below the level of 17.00 remains. In favor of the drop is a rebound from the resistance area, as well as a downward trend test on the indicator of relative strength.
XAG/USD Forecast for the week April 10 — 14, 2017
With the breakdown of area 17, it is expected to accelerate the fall of quotations XAG/USD in the area below level 15 due to the start of the development of the Forex model Double top on the price chart. The cancellation of the variant of falling quotations and prices for the silver will be the breakdown of the area of 18.80, which will indicate the cancellation of the reversal pattern.
XAG/USD Forecast for the week April 10 — 14, 2017 suggests a fall attempt as part of the start-up of the reversal model a double top with a potential downside target near the area is 17.00.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
