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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup

#SILVER
Total Profit: 1013 point
Closed trade(s): 245 point Profit
Open trade(s): 768 point Profit

Trade Setup:
We opened 10 BUY trade(s) @ 24.95 based on 'Valley' entry method at 2021.04.01.

Closed Profit:
TP1 @ 25.75 touched at 2021.04.15 with 80 point Profit.
TP2 @ 26.60 touched at 2021.04.21 with 165 point Profit.
80 + 165 = 245 point

Open Profit:
Profit for one trade is 25.91(current price) - 24.95(open price) = 96 point
8 trade(s) still open, therefore total profit for open trade(s) is 96 x 8 = 768 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.
DateMay 1, 2021 - 12:29
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 23.750, resumption of uptrend is expected.
  • We make sure when the resistance at 26.600 breaks.
  • If the support at 23.750 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI resistance #1 at 48 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 23.75 on 03/31/2021, so more gains maximum to Major Resistance (26.60) 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 52.

Take Profits:

  1. 25.75
  2. 26.60
  3. 28.30
  4. 29.85
  5. 33.45
  6. 37.50
  7. 44.20
  8. 49.80
  9. 44200.00
Click on the level to view price action history.
Symbol Released Current Forecast
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
Silver (XAGUSD) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on XAGUSD.