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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup

#XAGUSD
Total Profit: -120 point
Closed trade(s): 0 point Profit
Open trade(s): -120 point Profit

Trade Setup:
We opened 15 BUY trade(s) @ 16.08 based on 'Trough (Valley)' entry method at 2018.07.04.

Open Profit:
Profit for one trade is 16.00(current price) - 16.08(open price) = -8 point
15 trade(s) still open, therefore total profit for open trade(s) is -8 x 15 = -120 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.

DateMon, 07/09/2018 - 13:54
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

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:

  • 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) Sat, 16 Mar 2019
Silver (XAGUSD) Sat, 9 Mar 2019
Silver (XAGUSD) Sat, 2 Mar 2019
Silver (XAGUSD) Sat, 23 Feb 2019
Silver (XAGUSD) free Sat, 16 Feb 2019