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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup

#XAGUSD
Total Profit: 169 point
Closed trade(s): 0 point Profit
Open trade(s): 169 point Profit

Trade Setup:
We opened 13 BUY trade(s) @ 14.60 based on 'Trough (Valley) & Close above 14.45' entry method at 2018.09.28.

Open Profit:
Profit for one trade is 14.73(current price) - 14.60(open price) = 13 point
13 trade(s) still open, therefore total profit for open trade(s) is 13 x 13 = 169 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.

DateSat, 11/03/2018 - 18:15
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 13.60, beginning of uptrend is expected.
  • We make sure when the resistance at 15.60 breaks.
  • If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 14.35 on 2018-08-16 and the trough at 13.95 on 2018-09-11, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI bounced from the support #1 at 44 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 56.

Take Profits:

  1. 14.95
  2. 15.25
  3. 15.60
  4. 16.20
  5. 16.85
  6. 17.20
  7. 18.10
  8. 21.00
  9. 25.10
  10. 35.35
  11. 44.20
  12. 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