XAGUSD Currency Pair Analysis for Today
Explore the analysis for XAGUSD currency pair for today, Wednesday(20-03-2024).
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Selling Opportunity for XAGUSD: Breakthrough in Triangle Pattern!
Daily Analysis for XAGUSD
Silver Prices Pressured
Silver prices remain under pressure for the second consecutive day on Tuesday, lower than this year’s high around $25.45, due to the strengthening Dollar in anticipation of The FED’s decision on Thursday at 01:00 WIB this week.
Breakthrough Triangle Pattern
Prices have broken through the triangle pattern on the H4 time frame. Look for selling opportunities at the nearest resistance area as confirmation of the downtrend.
Prediction: WEAK XAGUSD
Resistance Levels
- R1 25.268
- R2 25.011
- R3 25.425
- R4 25.587
Support Levels
- S1 25.011
- S2 25.268
- S3 24.798
- S4 24.644
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