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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup

#XAGUSD
Total Profit: 910 point
Closed trade(s): 96 point Profit
Open trade(s): 814 point Profit

Trade Setup:
We opened 13 BUY trade(s) @ 14.62 based on 'Trough (Valley) & Close above 14.45' entry method at 2018.09.28.

Closed Profit:
TP1 @ 14.95 touched at 2018.12.26 with 33 point Profit.
TP2 @ 15.25 touched at 2018.12.27 with 63 point Profit.
33 + 63 = 96 point

Open Profit:
Profit for one trade is 15.36(current price) - 14.62(open price) = 74 point
11 trade(s) still open, therefore total profit for open trade(s) is 74 x 11 = 814 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 14.800 is broken, we will close open trades.
  • Price may also reach 14.800, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateDecember 30, 2018 - 10:37
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 14.800, continuation of uptrend is expected.
  • We make sure when the resistance at 15.600 breaks.
  • If the support at 14.800 is broken, the short-term forecast -continuation of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 14.800 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 72.

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) new free Sat, 16 Mar 2024
Silver (XAGUSD) free Sat, 9 Mar 2024
Silver (XAGUSD) Tue, 5 Mar 2024
Silver (XAGUSD) free Sat, 2 Mar 2024
Silver (XAGUSD) Sat, 24 Feb 2024