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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup

#SILVER
Total Profit: 290 point
Closed trade(s): 0 point Profit
Open trade(s): 290 point Profit

Trade Setup:
We opened 10 BUY trade(s) @ 24.95 based on 'Valley' entry method at 2021.04.01.

Open Profit:
Profit for one trade is 25.24(current price) - 24.95(open price) = 29 point
10 trade(s) still open, therefore total profit for open trade(s) is 29 x 10 = 290 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.

DateApril 10, 2021 - 11:55
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 29.85 breaks.
  • If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 48 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 23.75 on 03/31/2021, so more gains to resistance(s) 25.75, 26.60, 28.30 and maximum to Major Resistance (29.85) 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 47.

Take Profits:

  1. 25.75
  2. 26.60
  3. 28.30
  4. 29.85
  5. 33.45
  6. 37.50
  7. 44.20
  8. 49.80
  9. 44200.00
Click on the level to view price action history.

Symbol Released Current Forecast
Silver (XAGUSD) new Sat, 8 May 2021
Silver (XAGUSD) Sat, 1 May 2021
Silver (XAGUSD) Sat, 24 Apr 2021
Silver (XAGUSD) free Sat, 17 Apr 2021
Silver (XAGUSD) Sat, 10 Apr 2021