Comex Silver and Forex analysis 09th Jan 2018

By | January 9, 2018

Comex Silver analysis

Comex silver ( xagusd ) price trading at 17.12$ , its retracing from 17.27$ level since friday and trading almost flat since yesterday . A good support on silver chart stands at 16.90$ , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure on this major commodity upto 16.70$ – 16.50$ .

A good resistance on silver chart stands at 17.30$ , if traders take this hurdle out and manage to trade above our resistance today . Then expect good firepower upto 17.52$ – 17.75$ .

Comex silver analysis conclusion : Silver trend is flat to weak for now .

Forex analysis

Eurusd trading down from 1.2030 to 1.1970 today . Its trading weaker since yesterday and continuing its weakness even now . A good base level on forex chart stands at 1.1930 , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure on eurusd upto 1.1900 – 1.1860 .

A good hurdle on daily chart stands at 1.2020 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower upto 1.2060 – 1.2099 .

Eurusd trend is flat to weak for now .

Usdjpy trading at 112.63 , its trading at lowest point of the day as its crashing from 113.38 . A good base level on forex chart stands at 112.40 , if traders take this base out and manage to sustain trade below our support today . Then expect good pressure on usdjpy upto 112 – 111.70 today .

A good hurdle on forex chart stands at 113.05 , if traders take this hurdle out and manage to sustain trade above our resistance today . Then expect good firepower upto 113.45 – 113.90 .

UsdJpy trend is weak for now .

Gold technical analysis is same as yesterday . Read our yesterday’s analysis here

More will update to our signals subscribers .