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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup
#XAGUSD
Total Profit: 1175 pip
Closed trade(s): 415 pip Profit
Open trade(s): 760 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 15.30 based on 'Valley' entry method at 2020.05.07.

Closed Profit:
TP1 @ 15.50 touched at 2020.05.08 with 20 pip Profit.
TP2 @ 15.85 touched at 2020.05.14 with 55 pip Profit.
TP3 @ 16.50 touched at 2020.05.15 with 120 pip Profit.
TP4 @ 17.50 touched at 2020.05.18 with 220 pip Profit.
20 + 55 + 120 + 220 = 415 pip

Open Profit:
Profit for one trade is 17.20(current price) - 15.30(open price) = 190 pip
4 trade(s) still open, therefore total profit for open trade(s) is 190 x 4 = 760 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 15.850 is broken, we will close open trades.
DateMay 23, 2020 - 15:53
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 15.850 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 15.850 is broken.

Technical analysis:

  • A peak is formed in daily chart at 17.62 on 05/20/2020, so more losses to support(s) 16.50 and minimum to Major Support (15.85) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 69.

Take Profits:

  1. 15.50
  2. 15.85
  3. 16.50
  4. 17.50
  5. 18.20
  6. 18.95
  7. 19.65
Click on the level to view price action history.
Symbol Released Current Forecast
Silver (XAGUSD) new free Sun, 21 Apr 2024
Silver (XAGUSD) free Sun, 14 Apr 2024
Silver (XAGUSD) free Sat, 6 Apr 2024
Silver (XAGUSD) free Wed, 3 Apr 2024
Silver (XAGUSD) free Sat, 30 Mar 2024
History
Daily-Trading-Opportunities on XAGUSD.