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Weekly forecast Silver technical chart
Symbol XAGUSD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (14.50 to 13.90). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (14.50)
    • Support on 07/20/2015
    • Support on 07/24/2015
    • Support on 07/27/2015
    • Support on 07/28/2015
    • Support on 07/31/2015
    • Support on 08/03/2015
    • Support on 08/05/2015
    • Support on 08/06/2015
    • Support on 08/25/2015
    • Resistance on 08/27/2015
    • Support on 09/04/2015
    • Support on 09/08/2015
    • Support on 09/10/2015
    • Support on 09/11/2015
    • Support on 09/28/2015
    • Support on 09/29/2015
    • Support on 10/02/2015
    • Support on 11/09/2015
    • Resistance on 01/26/2016
    • Resistance on 01/27/2016
    • Resistance on 01/28/2016
    • Support on 07/07/2017
    • Support on 08/30/2018
    • Support on 08/31/2018
    • Resistance on 09/04/2018
    • Resistance on 09/25/2018
    • Resistance on 09/26/2018
    • Support on 10/18/2018
    • Support on 10/22/2018
    • Support on 10/23/2018
    • Resistance on 11/20/2018
    • Resistance on 11/21/2018
    • Resistance on 11/22/2018
    • Resistance on 11/23/2018
    • Resistance on 12/03/2018
    • Resistance on 12/04/2018
    • Resistance on 12/06/2018
    • Support on 12/12/2018
    • Support on 12/14/2018
    • Support on 12/17/2018
    • Support on 05/16/2019
    • Support on 05/24/2019
    • Support on 03/13/2020
    • Resistance on 03/25/2020
    • Resistance on 03/26/2020
    • Resistance on 03/27/2020
    • Resistance on 03/30/2020
    • Resistance on 04/02/2020
    • Resistance on 04/03/2020
    • Support on 04/21/2020
  • Ending of entry zone (13.90)
    • Support on 08/26/2015
    • Support on 11/23/2015
    • Support on 11/27/2015
    • Support on 12/02/2015
    • Support on 12/03/2015
    • Support on 12/11/2015
    • Resistance on 12/14/2015
    • Support on 12/28/2015
    • Support on 01/06/2016
    • Support on 01/07/2016
    • Support on 01/08/2016
    • Resistance on 01/12/2016
    • Support on 01/21/2016
    • Support on 11/14/2018
    • Support on 03/30/2020
    • Support on 03/31/2020
    • Support on 04/01/2020
    • Support on 04/02/2020

DateMay 30, 2020 - 13:42
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 16.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A trough is formed in daily chart at 16.71 on 05/22/2020, so more gains to resistance(s) 18.20, 18.95, 19.65 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 74.

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) free Sat, 11 Jul 2020
Silver (XAGUSD) free Sat, 4 Jul 2020
Silver (XAGUSD) free Sat, 27 Jun 2020
Silver (XAGUSD) free Sat, 20 Jun 2020
Silver (XAGUSD) free Sat, 13 Jun 2020