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Weekly forecast Silver technical chart
Symbol XAGUSD
Trade Setup

#SILVER
Total Profit: -1359 point
Closed trade(s): 0 point Profit
Open trade(s): -1359 point Profit

Trade Setup:
We opened 9 BUY trade(s) @ 26.13 based on 'Valley' entry method at 2021.07.26.

Open Profit:
Profit for one trade is 24.62(current price) - 26.13(open price) = -151 point
9 trade(s) still open, therefore total profit for open trade(s) is -151 x 9 = -1359 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.
DateNovember 20, 2021 - 09:55
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 23.020 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 25.40 on 11/16/2021, so more losses to support(s) 24.50, 23.75, 23.43 and minimum to Major Support (23.02) 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 56.

Take Profits:

  1. 27.00
  2. 28.30
  3. 29.85
  4. 33.45
  5. 37.50
  6. 44.20
  7. 49.80
  8. 60.00
Click on the level to view price action history.
Symbol Released Current Forecast
Silver (XAGUSD) new free Sun, 21 Apr 2024
Silver (XAGUSD) free Sun, 14 Apr 2024
Silver (XAGUSD) free Sat, 6 Apr 2024
Silver (XAGUSD) free Wed, 3 Apr 2024
Silver (XAGUSD) free Sat, 30 Mar 2024
History
Daily-Trading-Opportunities on XAGUSD.