website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Silver technical chart
Symbol XAGUSD

Download MT4 template file

Trade Setup
#XAGUSD
Total Profit: 905 pip
Closed trade(s): 630 pip Profit
Open trade(s): 275 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 17.97(current price) - 15.21(open price) = 275 pip
1 trade(s) still open, therefore total profit for open trade(s) is 275 x 1 = 275 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 17.200 is broken, we will close open trades.
DateSeptember 21, 2019 - 17:00
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 17.200, continuation of uptrend is expected.
  • We make sure when the resistance at 18.550 breaks.
  • If the support at 17.200 is broken, the short-term forecast -continuation of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 17.200 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 above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 53.

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 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.