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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup

#XAGUSD
Total Profit: 268 point
Closed trade(s): 268 point Profit
Open trade(s): 0 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 2018.01.02 with 117 point Profit.
17 + 52 + 82 + 117 = 268 point

11 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (15.90 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 (15.90)
    • Resistance on 11/10/2014
    • Resistance on 11/11/2014
    • Support on 11/19/2014
    • Support on 03/19/2015
    • Support on 04/20/2015
    • Support on 04/21/2015
    • Support on 04/30/2015
    • Support on 05/01/2015
    • Support on 06/08/2015
    • Support on 06/09/2015
    • Support on 06/11/2015
    • Support on 06/12/2015
    • Support on 06/15/2015
    • Support on 06/16/2015
    • Support on 06/17/2015
    • Support on 06/19/2015
    • Resistance on 07/13/2015
    • Resistance on 10/06/2015
    • Resistance on 10/09/2015
    • Resistance on 10/12/2015
    • Resistance on 10/13/2015
    • Resistance on 10/20/2015
    • Resistance on 10/21/2015
    • Resistance on 10/22/2015
    • Resistance on 10/23/2015
    • Resistance on 10/26/2015
    • Resistance on 10/27/2015
    • Resistance on 02/11/2016
    • Resistance on 03/17/2016
    • Resistance on 03/18/2016
    • Resistance on 03/21/2016
    • Resistance on 03/22/2016
    • Resistance on 03/23/2016
    • Support on 04/12/2016
    • Support on 04/14/2016
    • Support on 05/30/2016
    • Support on 06/01/2016
    • Support on 06/02/2016
    • Support on 06/03/2016
    • Support on 12/15/2016
    • Support on 12/16/2016
    • Support on 12/19/2016
    • Support on 12/20/2016
    • Support on 12/28/2016
    • Support on 12/30/2016
    • Support on 01/03/2017
    • Support on 07/05/2017
    • Support on 07/06/2017
    • Resistance on 07/11/2017
    • Resistance on 07/13/2017
    • Support on 12/06/2017
    • Support on 06/28/2018
  • Ending of entry zone (15.60)
    • Support on 12/20/2016
    • Support on 07/11/2017
    • Support on 07/14/2017
    • Support on 12/07/2017
    • Support on 12/12/2017
DateJuly 1, 2018 - 21:06
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 15.600 would begin in Midterm.

Technical analysis:

  • While the RSI support #1 at 37 is not broken, the probability of price decrease would be too low.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 41.

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.