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Weekly forecast Silver technical chart
Symbol XAGUSD
Trade Setup

#SILVER
Total Profit: -711 point
Closed trade(s): 0 point Profit
Open trade(s): -711 point Profit

Trade Setup:
We opened 9 BUY trade(s) @ 26.13 based on 'Valley' entry method at 2021.07.26.

Open Profit:
Profit for one trade is 25.34(current price) - 26.13(open price) = -79 point
9 trade(s) still open, therefore total profit for open trade(s) is -79 x 9 = -711 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.
DateNovember 13, 2021 - 07:31
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

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

Technical analysis:

  • The RSI resistance #1 at 57 is broken, so the probability of continuation of uptrend is increased.
  • A trough is formed in daily chart at 23.01 on 11/03/2021, so more gains to resistance(s) 25.50, 25.93, 26.47 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. 27.00
  2. 28.30
  3. 29.85
  4. 33.45
  5. 37.50
  6. 44.20
  7. 49.80
  8. 60.00
Click on the level to view price action history.
Symbol Released Current Forecast
Silver (XAGUSD) new Sun, 14 Apr 2024
Silver (XAGUSD) free Sat, 6 Apr 2024
Silver (XAGUSD) free Wed, 3 Apr 2024
Silver (XAGUSD) free Sat, 30 Mar 2024
Silver (XAGUSD) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on XAGUSD.