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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup

#XAGUSD
Total Profit: 1312 point
Closed trade(s): 256 point Profit
Open trade(s): 1056 point Profit
_______________________________________________
Trade Setup:
We opened 15 BUY trade(s) @ 16.06 based on 'Valley' entry method at 2017.12.13.

Closed Profit:
TP1 @ 16.20 touched at 2017.12.19 with 14 point Profit.
TP2 @ 16.55 touched at 2017.12.26 with 49 point Profit.
TP3 @ 16.85 touched at 2017.12.28 with 79 point Profit.
TP4 @ 17.20 touched at 2018.01.02 with 114 point Profit.
14 + 49 + 79 + 114 = 256 point

Open Profit:
Profit for one trade is 17.02(current price) - 16.06(open price) = 96 point
11 trade(s) still open, therefore total profit for open trade(s) is 96 x 11 = 1056 point
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (15.85 to 15.60). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (15.85)
    • Support on 12/15/2017
    • Support on 12/14/2017
    • Resistance on 07/11/2017
    • Support on 07/05/2017
    • Support on 01/03/2017
    • Support on 12/30/2016
    • Support on 12/28/2016
    • Support on 12/21/2016
    • Support on 12/20/2016
    • Support on 12/19/2016
    • Support on 12/16/2016
    • Support on 12/15/2016
    • Support on 06/01/2016
    • Support on 05/30/2016
    • Support on 04/14/2016
    • Support on 04/12/2016
    • Resistance on 03/23/2016
    • Resistance on 03/21/2016
    • Resistance on 03/14/2016
    • Resistance on 02/11/2016
    • Resistance on 10/26/2015
    • Resistance on 10/23/2015
    • Resistance on 10/22/2015
    • Support on 10/15/2015
    • Support on 10/14/2015
    • Resistance on 10/12/2015
    • Resistance on 10/09/2015
    • Support on 10/07/2015
    • Resistance on 07/13/2015
    • Resistance on 07/06/2015
    • Support on 06/25/2015
    • Support on 06/19/2015
    • Support on 06/16/2015
    • Support on 06/15/2015
    • Support on 06/12/2015
    • Support on 06/11/2015
    • Support on 05/01/2015
    • Support on 04/30/2015
    • Support on 04/21/2015
    • Support on 04/20/2015
    • Support on 03/19/2015
    • Support on 03/06/2015
    • Support on 12/19/2014
    • Support on 11/19/2014
    • Resistance on 11/11/2014
    • Resistance on 11/10/2014
  • Ending of entry zone (15.60)
    • Support on 12/12/2017
    • Support on 12/07/2017
    • Support on 07/14/2017
    • Support on 07/11/2017
    • Support on 12/20/2016
    • Support on 06/30/2015
    • Support on 06/26/2015
    • Support on 04/24/2015
    • Support on 03/16/2015
    • Support on 03/10/2015
    • Support on 01/05/2015
    • Support on 01/02/2015
    • Support on 12/31/2014
    • Support on 12/23/2014
    • Support on 12/22/2014
    • Support on 12/17/2014
    • Support on 12/16/2014
    • Support on 11/14/2014
    • Support on 11/13/2014
    • Support on 11/12/2014
    • Support on 02/25/2010

DateJanuary 20, 2018 - 21:17
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.

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 55.

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) Sat, 23 Mar 2024
Silver (XAGUSD) free Sat, 16 Mar 2024
Silver (XAGUSD) free Sat, 9 Mar 2024
Silver (XAGUSD) Tue, 5 Mar 2024
Silver (XAGUSD) free Sat, 2 Mar 2024