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Weekly forecast Silver technical chart
Symbol XAGUSD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (15.20 to 14.60). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (15.20)
    • Support on 11/14/2014
    • Support on 11/07/2014
    • Support on 11/06/2014
    • Support on 11/05/2014
    • Support on 02/12/2010
    • Support on 02/04/2010
    • Resistance on 08/14/2009
    • Support on 06/05/2009
    • Support on 06/04/2009
    • Support on 06/03/2009
    • Resistance on 05/28/2009
  • Ending of entry zone (14.60)
    • Support on 02/05/2010
    • Support on 09/01/2009
    • Support on 08/31/2009
    • Support on 08/14/2009
    • Resistance on 08/12/2009
    • Resistance on 08/10/2009
    • Resistance on 08/07/2009
    • Support on 05/28/2009
    • Resistance on 05/21/2009
    • Resistance on 02/24/2009
    • Resistance on 02/23/2009
    • Resistance on 02/20/2009
    • Support on 08/11/2008
    • Support on 12/31/2007
    • Support on 11/26/2007
    • Resistance on 11/22/2007
    • Resistance on 11/19/2007
    • Resistance on 11/16/2007
    • Support on 11/06/2007
    • Support on 11/05/2007
    • Resistance on 10/30/2007
    • Resistance on 02/23/2007

DateNovember 22, 2014 - 18:12
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • The current trend is downtrend but the forecast is beginning of uptrend.

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 50.

Take Profits:

  1. 16.20
  2. 16.65
  3. 17.20
  4. 18.20
  5. 18.50
  6. 18.85
  7. 19.25
  8. 19.75
  9. 20.30
  10. 21.00
  11. 21.50
  12. 22.00
  13. 23.05
  14. 25.10
  15. 26.10
  16. 27.00
  17. 28.35
  18. 29.90
  19. 30.65
  20. 31.25
  21. 32.45
  22. 33.30
  23. 34.40
  24. 35.35
  25. 37.50
  26. 44.20
  27. 49.80
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