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Weekly forecast Silver technical chart
Symbol XAGUSD

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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
_______________________________________________

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 16.55 is broken, we will close open trades.

DateSat, 01/06/2018 - 22:46
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

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.
  • We will close our open trades, if the Midterm level 16.55 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 68.

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) new Sat, 17 Nov 2018
Silver (XAGUSD) Mon, 12 Nov 2018
Silver (XAGUSD) Sat, 3 Nov 2018
Silver (XAGUSD) Thu, 1 Nov 2018
Silver (XAGUSD) Sun, 14 Oct 2018