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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: 8794 pip
Closed trade(s): 6325 pip Profit
Open trade(s): 2469 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 15.215 based on 'Valley' entry method at 2019.07.10.

Closed Profit:
TP1 @ 15.300 touched at 2019.07.11 with 85 pip Profit.
TP2 @ 15.600 touched at 2019.07.16 with 385 pip Profit.
TP3 @ 16.200 touched at 2019.07.18 with 985 pip Profit.
TP4 @ 17.200 touched at 2019.08.07 with 1985 pip Profit.
TP5 @ 18.100 touched at 2019.08.27 with 2885 pip Profit.
85 + 385 + 985 + 1985 + 2885 = 6325 pip

Open Profit:
Profit for one trade is 17.684(current price) - 15.215(open price) = 2469 pip
1 trade(s) still open, therefore total profit for open trade(s) is 2469 x 1 = 2469 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, 02/08/2020 - 18:37
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 17.20, resumption of uptrend is expected.
  • We make sure when the resistance at 18.75 breaks.
  • If the support at 17.20 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 17.20 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 17.45 on 02/05/2020, 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 49.

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, 22 Feb 2020
Silver (XAGUSD) free Sat, 15 Feb 2020
Silver (XAGUSD) free Sat, 8 Feb 2020
Silver (XAGUSD) Sat, 1 Feb 2020
Silver (XAGUSD) free Sat, 25 Jan 2020