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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: 862 pip
Closed trade(s): 630 pip Profit
Open trade(s): 232 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 17.54(current price) - 15.21(open price) = 232 pip
1 trade(s) still open, therefore total profit for open trade(s) is 232 x 1 = 232 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 16.55 is broken, we will close open trades.

DateSat, 10/05/2019 - 21:14
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 16.55, resumption of uptrend is expected.
  • We make sure when the resistance at 18.75 breaks.
  • If the support at 16.55 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 16.55 is broken.

Technical analysis:

  • The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
  • A trough is formed in daily chart at 16.90 on 10/01/2019, so more gains to resistance(s) 18.10 and maximum to Major Resistance (18.75) 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 48.

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