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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup
#XAGUSD
Total Profit: 492 point
Closed trade(s): 107 point Profit
Open trade(s): 385 point Profit

Trade Setup:
We opened 8 BUY trade(s) @ 24.93 based on 'Hammer' entry method at 2021.01.18.

Closed Profit:
TP1 @ 26.00 touched at 2021.01.21 with 107 point Profit.

Open Profit:
Profit for one trade is 25.48(current price) - 24.93(open price) = 55 point
7 trade(s) still open, therefore total profit for open trade(s) is 55 x 7 = 385 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.

DateJanuary 23, 2021 - 12:50
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 21.90, resumption of uptrend is expected.
  • We make sure when the resistance at 27.40 breaks.
  • If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 23.95 on 01/18/2021, so more gains to resistance(s) 26.00 and maximum to Major Resistance (27.40) 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 50.

Take Profits:

  1. 26.00
  2. 27.40
  3. 28.45
  4. 29.85
  5. 31.25
  6. 32.45
  7. 33.45
Click on the level to view price action history.

Symbol Released Current Forecast
Silver (XAGUSD) Sat, 20 Feb 2021
Silver (XAGUSD) Sat, 13 Feb 2021
Silver (XAGUSD) Sat, 6 Feb 2021
Silver (XAGUSD) free Sat, 30 Jan 2021
Silver (XAGUSD) free Sat, 23 Jan 2021