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Weekly forecast Silver technical chart
Symbol XAGUSD

Download MT4 template file

Trade Setup

#XAGUSD
Total Profit: 1231 point
Closed trade(s): 151 point Profit
Open trade(s): 1080 point Profit
_______________________________________________
Trade Setup:
We opened 15 BUY trade(s) @ 16.03 based on 'Valley' entry method at 2017.12.13.

Closed Profit:
TP1 @ 16.20 touched at 2017.12.19 with 17 point Profit.
TP2 @ 16.55 touched at 2017.12.26 with 52 point Profit.
TP3 @ 16.85 touched at 2017.12.28 with 82 point Profit.
17 + 52 + 82 = 151 point

Open Profit:
Profit for one trade is 16.93(current price) - 16.03(open price) = 90 point
12 trade(s) still open, therefore total profit for open trade(s) is 90 x 12 = 1080 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 16.550 is broken, we will close open trades.
DateJanuary 2, 2018 - 16:45
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 16.550 would begin in Midterm.
  • We will close our open trades, if the Midterm level 16.550 is broken.

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 64.

Take Profits:

  1. 16.20
  2. 16.85
  3. 17.20
  4. 17.70
  5. 18.10
  6. 21.00
  7. 22.00
  8. 25.10
  9. 28.35
  10. 33.30
  11. 37.50
  12. 44.20
  13. 49.80
Click on the level to view price action history.
Symbol Released Current Forecast
Silver (XAGUSD) free 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.