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Weekly forecast Silver technical chart
Symbol XAGUSD

Download MT4 template file

Trade Setup

#XAGUSD
Total Profit: 1555 point
Closed trade(s): 268 point Profit
Open trade(s): 1287 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.
TP4 @ 17.20 touched at 2018.01.03 with 117 point Profit.
17 + 52 + 82 + 117 = 268 point

Open Profit:
Profit for one trade is 17.20(current price) - 16.03(open price) = 117 point
11 trade(s) still open, therefore total profit for open trade(s) is 117 x 11 = 1287 point
_______________________________________________

DateSat, 01/06/2018 - 22:46
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish
Open17.04
High17.28 on Fri, 01/05/2018 - 13:30
Low16.98 on Thu, 01/04/2018 - 01:30
Close17.20
Description

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 16.55 would begin in Midterm.
  • Price may also reach 16.55, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry is not according to Trend Hunter Strategy, and depends on personal strategies.
  • We will close our open trades, if the Midterm level 16.55 is broken.

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, the description can also be found below the image.
If the Midterm level 16.55 is broken, we will close these trades.

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 68.

Take Profits:

  1. 16.20
    • Resistance on 12/21/2017
    • Resistance on 12/20/2017
    • Resistance on 12/19/2017
    • Support on 12/01/2017
    • Support on 08/08/2017
    • Support on 08/07/2017
    • Support on 08/04/2017
    • Resistance on 07/17/2017
    • Resistance on 07/07/2017
    • Support on 06/26/2017
    • Support on 05/08/2017
    • Support on 05/05/2017
    • Support on 05/04/2017
    • Support on 01/04/2017
    • Resistance on 01/03/2017
    • Resistance on 12/30/2016
    • Resistance on 12/29/2016
    • Resistance on 12/21/2016
    • Resistance on 12/19/2016
    • Resistance on 12/16/2016
    • Support on 12/01/2016
    • Support on 11/25/2016
    • Support on 11/24/2016
    • Support on 11/23/2016
    • Support on 06/07/2016
    • Resistance on 05/30/2016
    • Support on 05/27/2016
    • Support on 05/26/2016
    • Support on 05/24/2016
    • Support on 04/19/2016
    • Resistance on 04/14/2016
    • Resistance on 04/13/2016
    • Resistance on 04/12/2016
    • Resistance on 10/28/2015
    • Resistance on 10/15/2015
    • Resistance on 10/14/2015
    • Resistance on 06/23/2015
    • Resistance on 06/22/2015
    • Resistance on 06/19/2015
    • Resistance on 06/18/2015
    • Resistance on 06/17/2015
    • Resistance on 06/15/2015
    • Resistance on 06/10/2015
    • Support on 05/12/2015
    • Support on 05/11/2015
    • Support on 05/08/2015
    • Support on 05/07/2015
    • Support on 04/17/2015
    • Support on 04/16/2015
    • Support on 04/13/2015
    • Resistance on 03/19/2015
    • Resistance on 03/06/2015
    • Support on 03/04/2015
    • Support on 03/03/2015
    • Support on 02/24/2015
    • Support on 02/23/2015
    • Support on 02/20/2015
    • Support on 02/18/2015
    • Support on 01/09/2015
    • Resistance on 01/05/2015
    • Resistance on 12/29/2014
    • Resistance on 12/26/2014
    • Resistance on 12/22/2014
    • Resistance on 12/18/2014
    • Resistance on 12/16/2014
    • Support on 12/09/2014
    • Support on 12/08/2014
    • Support on 12/05/2014
    • Support on 12/03/2014
    • Support on 12/02/2014
    • Support on 11/27/2014
    • Support on 11/21/2014
    • Resistance on 11/19/2014
    • Resistance on 11/18/2014
    • Resistance on 11/04/2014
    • Resistance on 11/03/2014
    • Support on 03/16/2010
    • Resistance on 02/25/2010
    • Support on 02/22/2010
    • Resistance on 02/18/2010
    • Resistance on 02/17/2010
    • Resistance on 02/16/2010
    • Support on 01/28/2010
    • Support on 11/03/2009
    • Support on 11/02/2009
    • Support on 10/30/2009
    • Resistance on 09/29/2009
    • Resistance on 09/28/2009
    • Resistance on 09/25/2009
    • Support on 09/24/2009
    • Support on 09/10/2009
    • Support on 09/09/2009
    • Support on 09/08/2009
    • Support on 09/07/2009
    • Resistance on 09/04/2009
    • Resistance on 09/03/2009
    • Resistance on 06/03/2009
    • Resistance on 08/08/2008
    • Support on 06/12/2008
    • Support on 02/06/2008
    • Resistance on 01/23/2008
    • Resistance on 01/22/2008
    • Resistance on 01/21/2008
    • Resistance on 01/18/2008
    • Support on 01/14/2008
    • Resistance on 01/10/2008
  2. 16.85
    • Resistance on 12/28/2017
    • Resistance on 11/29/2017
    • Support on 11/20/2017
    • Support on 11/14/2017
    • Support on 11/10/2017
    • Resistance on 10/31/2017
    • Support on 10/25/2017
    • Support on 10/24/2017
    • Support on 10/23/2017
    • Support on 10/18/2017
    • Resistance on 10/06/2017
    • Resistance on 10/04/2017
    • Resistance on 09/29/2017
    • Support on 09/25/2017
    • Support on 09/21/2017
    • Support on 08/25/2017
    • Support on 08/24/2017
    • Support on 08/22/2017
    • Support on 08/21/2017
    • Support on 08/11/2017
    • Support on 08/10/2017
    • Resistance on 08/02/2017
    • Resistance on 08/01/2017
    • Resistance on 07/31/2017
    • Resistance on 07/27/2017
    • Resistance on 06/29/2017
    • Resistance on 06/28/2017
    • Support on 05/22/2017
    • Resistance on 05/19/2017
    • Resistance on 05/16/2017
    • Resistance on 05/03/2017
    • Support on 03/15/2017
    • Support on 03/10/2017
  3. 17.20
    • Resistance on 01/04/2018
    • Resistance on 01/03/2018
    • Resistance on 01/02/2018
    • Resistance on 11/27/2017
    • Resistance on 11/15/2017
    • Resistance on 11/08/2017
    • Resistance on 11/07/2017
    • Resistance on 11/06/2017
    • Resistance on 11/03/2017
    • Resistance on 11/02/2017
    • Resistance on 11/01/2017
    • Resistance on 10/20/2017
    • Resistance on 10/17/2017
    • Support on 10/16/2017
    • Support on 10/13/2017
    • Resistance on 10/12/2017
    • Resistance on 10/11/2017
    • Resistance on 10/10/2017
    • Resistance on 09/26/2017
    • Resistance on 09/25/2017
    • Resistance on 09/21/2017
    • Resistance on 08/25/2017
    • Resistance on 08/18/2017
    • Resistance on 08/17/2017
    • Resistance on 08/14/2017
    • Resistance on 08/11/2017
    • Resistance on 08/10/2017
    • Resistance on 06/14/2017
    • Resistance on 06/12/2017
    • Support on 06/09/2017
    • Support on 06/02/2017
    • Resistance on 05/25/2017
    • Resistance on 05/24/2017
    • Resistance on 05/23/2017
    • Resistance on 05/22/2017
    • Resistance on 05/01/2017
    • Support on 04/28/2017
    • Support on 04/27/2017
    • Support on 03/17/2017
    • Support on 03/16/2017
    • Support on 03/08/2017
    • Resistance on 01/30/2017
    • Resistance on 01/27/2017
    • Resistance on 01/24/2017
    • Resistance on 01/23/2017
    • Resistance on 01/18/2017
    • Resistance on 01/17/2017
    • Resistance on 12/14/2016
    • Resistance on 12/12/2016
    • Resistance on 12/08/2016
    • Resistance on 12/07/2016
    • Support on 11/11/2016
    • Support on 10/07/2016
    • Support on 10/06/2016
    • Support on 06/24/2016
    • Support on 06/23/2016
    • Support on 06/22/2016
    • Support on 06/21/2016
    • Support on 05/06/2016
    • Support on 05/05/2016
    • Support on 05/04/2016
    • Support on 04/28/2016
    • Resistance on 04/26/2016
    • Resistance on 04/22/2016
    • Resistance on 04/21/2016
    • Resistance on 04/20/2016
    • Resistance on 06/01/2015
    • Resistance on 05/13/2015
    • Resistance on 04/06/2015
    • Resistance on 03/27/2015
    • Resistance on 03/26/2015
    • Resistance on 02/09/2015
    • Support on 02/05/2015
    • Support on 02/04/2015
    • Support on 02/03/2015
    • Resistance on 01/15/2015
    • Resistance on 01/13/2015
    • Resistance on 12/12/2014
    • Resistance on 12/11/2014
    • Resistance on 12/10/2014
    • Resistance on 12/09/2014
    • Resistance on 10/30/2014
    • Resistance on 10/29/2014
    • Resistance on 10/28/2014
    • Support on 10/20/2014
    • Support on 10/17/2014
    • Support on 10/16/2014
    • Support on 10/15/2014
    • Resistance on 10/03/2014
    • Resistance on 10/02/2014
    • Resistance on 10/01/2014
    • Support on 06/07/2010
    • Support on 05/06/2010
    • Support on 05/05/2010
    • Support on 03/31/2010
    • Support on 03/30/2010
    • Support on 03/18/2010
    • Resistance on 03/15/2010
    • Resistance on 03/12/2010
    • Resistance on 03/11/2010
    • Support on 03/09/2010
    • Support on 03/08/2010
    • Resistance on 03/04/2010
    • Resistance on 03/03/2010
    • Resistance on 01/26/2010
    • Resistance on 01/25/2010
    • Resistance on 01/04/2010
    • Resistance on 12/23/2009
    • Resistance on 12/22/2009
    • Support on 12/15/2009
    • Support on 12/10/2009
    • Support on 12/09/2009
    • Support on 11/13/2009
    • Support on 11/10/2009
    • Support on 11/06/2009
    • Support on 11/05/2009
    • Support on 11/04/2009
    • Resistance on 11/03/2009
    • Resistance on 10/27/2009
    • Support on 10/21/2009
    • Support on 10/19/2009
    • Support on 10/16/2009
    • Support on 10/07/2009
    • Resistance on 09/23/2009
    • Resistance on 09/22/2009
    • Support on 09/17/2009
    • Support on 08/01/2008
    • Support on 07/30/2008
    • Support on 07/29/2008
    • Support on 07/28/2008
    • Support on 07/25/2008
    • Support on 07/24/2008
    • Support on 07/23/2008
    • Support on 06/30/2008
    • Resistance on 06/26/2008
    • Support on 06/19/2008
    • Resistance on 06/17/2008
    • Resistance on 06/16/2008
    • Resistance on 06/10/2008
    • Resistance on 06/05/2008
    • Support on 05/28/2008
    • Resistance on 05/19/2008
    • Resistance on 05/13/2008
    • Resistance on 05/12/2008
    • Resistance on 04/24/2008
    • Support on 04/14/2008
    • Support on 04/04/2008
    • Support on 04/03/2008
    • Support on 03/31/2008
    • Resistance on 03/24/2008
    • Resistance on 03/21/2008
    • Support on 02/20/2008
    • Resistance on 02/18/2008
    • Support on 02/14/2008
    • Resistance on 02/08/2008
    • Resistance on 02/01/2008
  4. 17.70
    • Support on 09/14/2017
    • Support on 09/13/2017
    • Support on 09/12/2017
    • Support on 09/11/2017
    • Resistance on 09/01/2017
    • Resistance on 06/08/2017
    • Resistance on 06/07/2017
    • Resistance on 06/06/2017
    • Support on 04/24/2017
    • Support on 04/10/2017
    • Support on 03/27/2017
    • Resistance on 03/23/2017
    • Support on 03/06/2017
    • Support on 03/03/2017
    • Support on 03/02/2017
    • Support on 02/15/2017
    • Support on 02/14/2017
    • Resistance on 02/07/2017
    • Resistance on 02/02/2017
    • Support on 10/31/2016
    • Resistance on 10/27/2016
    • Resistance on 10/24/2016
    • Resistance on 10/20/2016
    • Resistance on 10/19/2016
    • Resistance on 10/18/2016
    • Resistance on 10/13/2016
    • Resistance on 10/11/2016
    • Resistance on 10/10/2016
    • Resistance on 10/07/2016
    • Resistance on 10/06/2016
    • Support on 10/05/2016
    • Support on 10/04/2016
    • Support on 06/29/2016
    • Resistance on 06/24/2016
    • Resistance on 06/16/2016
    • Resistance on 05/03/2016
    • Resistance on 04/21/2016
    • Resistance on 05/19/2015
    • Resistance on 05/18/2015
    • Resistance on 02/04/2015
    • Resistance on 02/03/2015
    • Support on 01/27/2015
    • Resistance on 10/21/2014
    • Resistance on 10/15/2014
  5. 18.10
    • Resistance on 09/08/2017
    • Resistance on 09/07/2017
  6. 21.00
    • Resistance on 07/04/2016
    • Resistance on 07/23/2014
    • Resistance on 07/22/2014
    • Resistance on 07/21/2014
    • Resistance on 07/15/2014
    • Support on 07/10/2014
    • Support on 07/09/2014
    • Support on 07/08/2014
    • Support on 07/07/2014
    • Support on 07/03/2014
    • Support on 07/02/2014
    • Support on 06/26/2014
    • Resistance on 06/24/2014
    • Resistance on 06/20/2014
    • Resistance on 03/19/2014
    • Resistance on 03/11/2014
    • Resistance on 03/10/2014
    • Support on 03/06/2014
    • Support on 03/04/2014
    • Support on 02/28/2014
    • Support on 02/27/2014
    • Support on 10/17/2013
    • Support on 10/15/2013
    • Support on 10/14/2013
    • Support on 10/11/2013
    • Support on 10/02/2013
    • Support on 10/01/2013
    • Support on 05/20/2013
  7. 22.00
    • Resistance on 02/26/2014
    • Resistance on 02/25/2014
    • Resistance on 02/24/2014
    • Resistance on 02/21/2014
    • Resistance on 02/19/2014
    • Resistance on 02/18/2014
    • Resistance on 02/17/2014
    • Resistance on 11/07/2013
    • Resistance on 11/06/2013
    • Resistance on 11/01/2013
    • Support on 10/22/2013
    • Resistance on 10/18/2013
    • Resistance on 10/17/2013
    • Resistance on 10/10/2013
    • Resistance on 10/02/2013
    • Resistance on 10/01/2013
    • Resistance on 09/30/2013
    • Resistance on 09/27/2013
    • Resistance on 09/26/2013
    • Resistance on 09/24/2013
    • Resistance on 09/23/2013
    • Resistance on 09/17/2013
    • Resistance on 06/18/2013
    • Resistance on 06/13/2013
    • Resistance on 06/12/2013
    • Resistance on 06/11/2013
    • Resistance on 06/10/2013
    • Support on 05/23/2013
    • Support on 05/21/2013
    • Support on 05/20/2013
    • Support on 05/16/2013
    • Support on 04/16/2013
  8. 25.10
    • Resistance on 08/28/2013
    • Support on 11/17/2010
    • Support on 11/16/2010
  9. 28.35
    • Resistance on 04/01/2013
    • Support on 03/27/2013
    • Support on 03/20/2013
    • Support on 03/08/2013
    • Support on 03/04/2013
    • Support on 03/01/2013
    • Support on 02/28/2013
    • Support on 02/22/2013
    • Support on 02/21/2013
    • Support on 02/20/2013
    • Resistance on 08/17/2012
    • Resistance on 08/16/2012
    • Resistance on 08/10/2012
    • Resistance on 08/09/2012
    • Resistance on 08/08/2012
    • Resistance on 07/31/2012
    • Resistance on 07/05/2012
    • Resistance on 07/04/2012
    • Resistance on 07/03/2012
    • Support on 06/19/2012
    • Support on 06/18/2012
    • Support on 06/14/2012
    • Support on 06/12/2012
    • Support on 06/11/2012
    • Support on 06/08/2012
    • Support on 06/07/2012
    • Support on 06/06/2012
    • Resistance on 06/04/2012
    • Support on 05/28/2012
    • Resistance on 05/24/2012
    • Support on 05/21/2012
    • Resistance on 05/17/2012
    • Resistance on 05/15/2012
    • Support on 05/11/2012
    • Resistance on 12/30/2011
    • Support on 12/15/2011
    • Support on 12/14/2011
    • Support on 10/05/2011
    • Support on 10/04/2011
    • Support on 09/26/2011
    • Resistance on 01/31/2011
    • Support on 01/14/2011
    • Support on 01/07/2011
    • Support on 12/16/2010
    • Support on 12/13/2010
    • Support on 12/10/2010
    • Support on 12/09/2010
    • Support on 12/08/2010
    • Support on 12/07/2010
    • Resistance on 11/30/2010
  10. 33.30
    • Resistance on 12/11/2012
    • Resistance on 12/10/2012
    • Support on 12/03/2012
    • Support on 11/30/2012
    • Support on 11/28/2012
    • Support on 11/23/2012
    • Support on 11/22/2012
    • Resistance on 11/20/2012
    • Resistance on 11/19/2012
    • Resistance on 10/18/2012
    • Resistance on 10/17/2012
    • Resistance on 10/15/2012
    • Support on 10/12/2012
    • Support on 09/26/2012
    • Support on 09/11/2012
    • Support on 09/10/2012
    • Resistance on 04/03/2012
    • Resistance on 04/02/2012
    • Resistance on 03/27/2012
    • Support on 03/13/2012
    • Support on 03/12/2012
    • Support on 03/09/2012
    • Support on 03/08/2012
    • Support on 02/21/2012
    • Support on 02/20/2012
    • Support on 02/19/2012
    • Support on 02/16/2012
    • Support on 02/15/2012
    • Support on 02/14/2012
    • Support on 02/13/2012
    • Support on 02/10/2012
    • Support on 02/07/2012
    • Support on 02/06/2012
    • Support on 02/03/2012
    • Support on 02/02/2012
    • Support on 01/30/2012
    • Support on 01/27/2012
    • Resistance on 01/25/2012
    • Resistance on 12/08/2011
    • Resistance on 12/02/2011
    • Resistance on 12/01/2011
    • Support on 11/10/2011
    • Support on 11/03/2011
    • Support on 11/02/2011
    • Support on 11/01/2011
    • Support on 10/27/2011
    • Resistance on 10/25/2011
    • Resistance on 09/27/2011
    • Support on 06/28/2011
    • Support on 06/27/2011
    • Support on 05/17/2011
    • Support on 05/16/2011
    • Support on 05/12/2011
    • Support on 05/06/2011
  11. 37.50
    • Resistance on 02/29/2012
    • Support on 08/10/2011
    • Support on 08/09/2011
    • Support on 08/05/2011
    • Resistance on 06/07/2011
    • Resistance on 06/02/2011
    • Support on 05/10/2011
    • Resistance on 03/30/2011
    • Resistance on 03/28/2011
    • Resistance on 03/25/2011
    • Resistance on 03/24/2011
  12. 44.20
    • Resistance on 08/23/2011
    • Resistance on 05/03/2011
  13. 49.80
    • Resistance on 04/28/2011
    • Resistance on 04/25/2011

Latest forecasts
Symbol Released Current Forecast
Silver (XAGUSD) Sun, 18 Feb 2018
Silver (XAGUSD) Mon, 12 Feb 2018
Silver (XAGUSD) Sun, 4 Feb 2018
Silver (XAGUSD) free Sat, 27 Jan 2018
Silver (XAGUSD) free Sat, 20 Jan 2018