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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: 860 point
Closed trade(s): 195 point Profit
Open trade(s): 665 point 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 point Profit.
TP2 @ 15.85 touched at 2020.05.14 with 55 point Profit.
TP3 @ 16.50 touched at 2020.05.15 with 120 point Profit.
20 + 55 + 120 = 195 point

Open Profit:
Profit for one trade is 16.63(current price) - 15.30(open price) = 133 point
5 trade(s) still open, therefore total profit for open trade(s) is 133 x 5 = 665 point

#NAT.GAS
Total Profit: 89 point
Closed trade(s): 89 point Profit
Open trade(s): 0 point Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.82 (day close price) based on 'Valley' at 2020.04.16.

Closed Profit:
TP1 @ 2.00 touched at 2020.04.20 with 18 point Profit.
TP2 @ 2.10 touched at 2020.05.04 with 28 point Profit.
TP3 @ 2.25 touched at 2020.05.05 with 43 point Profit.
18 + 28 + 43 = 89 point

6 other break-even trades closed at entry price, therefore no profit no loss.

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 15.85 is broken, we will close open trades.

DateSat, 05/16/2020 - 15:56
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 15.85 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 15.85 is broken.

Technical analysis:

  • A trough is formed in daily chart at 14.57 on 04/30/2020, so more gains to resistance(s) 17.50, 18.20, 18.95 and more heights 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 70.

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 Sat, 30 May 2020
Silver (XAGUSD) Sat, 23 May 2020
Silver (XAGUSD) free Sat, 16 May 2020
Silver (XAGUSD) free Sat, 9 May 2020
Silver (XAGUSD) Sat, 2 May 2020