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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 15.850 is broken, we will close open trades.

DateMay 16, 2020 - 15:56
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 15.850 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 15.850 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) Sat, 23 Mar 2024
Silver (XAGUSD) free Sat, 16 Mar 2024
Silver (XAGUSD) free Sat, 9 Mar 2024
Silver (XAGUSD) Tue, 5 Mar 2024
Silver (XAGUSD) free Sat, 2 Mar 2024