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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup
#XAGUSD
Total Profit: 1140 pip
Closed trade(s): 200 pip Profit
Open trade(s): 940 pip 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.

Closed Profit:
TP1 @ 14.95 touched at 2018.12.26 with 35 pip Profit.
TP2 @ 15.25 touched at 2018.12.27 with 65 pip Profit.
TP3 @ 15.60 touched at 2019.01.02 with 100 pip Profit.
35 + 65 + 100 = 200 pip

Open Profit:
Profit for one trade is 15.54(current price) - 14.60(open price) = 94 pip
10 trade(s) still open, therefore total profit for open trade(s) is 94 x 10 = 940 pip

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 15.25 is broken, we will close open trades.

DateSat, 01/12/2019 - 16:19
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 15.25 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 15.25 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 15.87 on 01/04/2019, so more losses minimum to Major Support (15.25) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 67.

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