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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup
#XAGUSD
Total Profit: 3 pip
Closed trade(s): 8 pip Profit
Open trade(s): -5 pip Profit

Trade Setup:
We opened 6 BUY trade(s) @ 15.21 based on 'Valley' entry method at 2019.07.10.

Closed Profit:
TP1 @ 15.30 touched at 2019.07.11 with 8 pip Profit.

Open Profit:
Profit for one trade is 15.21(current price) - 15.21(open price) = -1 pip
5 trade(s) still open, therefore total profit for open trade(s) is -1 x 5 = -5 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.

DateJuly 13, 2019 - 20:54
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 14.800, beginning of uptrend is expected.
  • We make sure when the resistance at 16.200 breaks.
  • If the support at 14.800 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the support #1 at 48 and it prevented price from more losses.
  • A trough is formed in daily chart at 14.89 on 07/05/2019, so more gains to resistance(s) 15.30, 15.60 and maximum to Major Resistance (16.20) 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 55.

Take Profits:

  1. 15.30
  2. 15.60
  3. 16.20
  4. 17.20
  5. 18.10
Click on the level to view price action history.

Symbol Released Current Forecast
Silver (XAGUSD) Sat, 23 Mar 2024
Silver (XAGUSD) 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