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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup
#XAGUSD
Total Profit: 846 pip
Closed trade(s): 630 pip Profit
Open trade(s): 216 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 15.21 based on 'Valley' entry method at 2019.07.10.

Closed Profit:
TP1 @ 15.30 touched at 2019.07.11 with 8 pip Profit.
TP2 @ 15.60 touched at 2019.07.16 with 38 pip Profit.
TP3 @ 16.20 touched at 2019.07.18 with 98 pip Profit.
TP4 @ 17.20 touched at 2019.08.07 with 198 pip Profit.
TP5 @ 18.10 touched at 2019.08.27 with 288 pip Profit.
8 + 38 + 98 + 198 + 288 = 630 pip

Open Profit:
Profit for one trade is 17.38(current price) - 15.21(open price) = 216 pip
1 trade(s) still open, therefore total profit for open trade(s) is 216 x 1 = 216 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 17.20 is broken, we will close open trades.

DateSat, 09/14/2019 - 18:07
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 17.20, continuation of uptrend is expected.
  • We make sure when the resistance at 18.45 breaks.
  • If the support at 17.20 is broken, the short-term forecast -continuation of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 17.20 is broken.

Technical analysis:

  • While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 19.65 on 09/04/2019, so more losses minimum to Major Support (17.20) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 45.

Take Profits:

  1. 15.30
  2. 15.60
  3. 16.20
  4. 17.20
  5. 18.10
Click on the level to view price action history.

Symbol Released Current Forecast
Silver (XAGUSD) new Sat, 19 Oct 2019
Silver (XAGUSD) free Sat, 12 Oct 2019
Silver (XAGUSD) free Sat, 5 Oct 2019
Silver (XAGUSD) free Sat, 28 Sep 2019
Silver (XAGUSD) free Sat, 21 Sep 2019