Jumat, 08 November 2013
XAGUSD
This is my predicted range for XAGUSD for the next week I will be looking for opportunities to get short near the top of this range and exit near the bottom. If the bottom of this area is broken, I would consider this very bearish and look to enter a longer term position with an eye to around 20.00. If price closes above the upper line I will be switching to long positions targeting 23.00 and above. I see the next week as very pivotal and key to the next major move in USD pairs. Tonight's NFP is extremely hard to get a read on as regardless of the actual reading, nobody knows how the market will interpret delayed effects of the shutdown and tapering expectations.
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