Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Silver technical chart
Symbol XAGUSD

Download MT4 template file

Trade Setup
#XAGUSD
Total Profit: 1518 point
Closed trade(s): 705 point Profit
Open trade(s): 813 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.
TP4 @ 17.50 touched at 2020.05.18 with 220 point Profit.
TP5 @ 18.20 touched at 2020.06.01 with 290 point Profit.
20 + 55 + 120 + 220 + 290 = 705 point

Open Profit:
Profit for one trade is 18.01(current price) - 15.30(open price) = 271 point
3 trade(s) still open, therefore total profit for open trade(s) is 271 x 3 = 813 point

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 16.50 is broken, we will close open trades.
  • Price may also reach 16.50, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateJuly 4, 2020 - 13:26
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 16.50, resumption of uptrend is expected.
  • We make sure when the resistance at 18.35 breaks.
  • If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 16.50 is broken.

Technical analysis:

  • While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 17.35 on 06/24/2020, so more gains to resistance(s) 18.20 and maximum to Major Resistance (18.35) 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 59.

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, 8 Aug 2020
Silver (XAGUSD) Sat, 1 Aug 2020
Silver (XAGUSD) free Sat, 25 Jul 2020
Silver (XAGUSD) Tue, 21 Jul 2020
Silver (XAGUSD) free Sat, 18 Jul 2020