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Weekly forecast Silver technical chart
Symbol XAGUSD

Download MT4 template file

Trade Setup

#XAGUSD
Total Profit: 1740 point
Closed trade(s): 420 point Profit
Open trade(s): 1320 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 2017.12.14 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 2017.12.29 with 114 point Profit.
TP5 @ 17.70 touched at 2018.01.24 with 164 point Profit.
14 + 49 + 79 + 114 + 164 = 420 point

Open Profit:
Profit for one trade is 17.38(current price) - 16.06(open price) = 132 point
10 trade(s) still open, therefore total profit for open trade(s) is 132 x 10 = 1320 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 16.850 is broken, we will close open trades.
DateJanuary 27, 2018 - 11:47
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 16.850 would begin in Midterm.
  • We will close our open trades, if the Midterm level 16.850 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 61.

Take Profits:

  1. 16.20
  2. 16.55
  3. 16.85
  4. 17.20
  5. 17.70
  6. 18.10
  7. 21.00
  8. 22.00
  9. 25.10
  10. 28.35
  11. 33.30
  12. 37.50
  13. 44.20
  14. 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.