Languages

website utilities

 

Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Silver technical chart
Symbol XAGUSD

Download MT4 template file

Trade Setup

#XAGUSD
Total Profit: 1065 point
Closed trade(s): 435 point Profit
Open trade(s): 630 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 2017.12.14 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 2017.12.29 with 117 point Profit.
TP5 @ 17.70 touched at 2018.01.24 with 167 point Profit.
17 + 52 + 82 + 117 + 167 = 435 point

Open Profit:
Profit for one trade is 16.66(current price) - 16.03(open price) = 63 point
10 trade(s) still open, therefore total profit for open trade(s) is 63 x 10 = 630 point

DateMon, 05/14/2018 - 12:06
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 15.60 would begin in Midterm.

Technical analysis:

  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 54.

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.

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) new Sun, 20 May 2018
Silver (XAGUSD) free Mon, 14 May 2018
Silver (XAGUSD) free Sun, 6 May 2018
Silver (XAGUSD) free Mon, 30 Apr 2018
Silver (XAGUSD) free Mon, 23 Apr 2018