website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Silver technical chart
Symbol XAGUSD

Download MT4 template file

Trade Setup

#XAGUSD
Total Profit: 1857 point
Closed trade(s): 107 point Profit
Open trade(s): 1750 point Profit
_______________________________________________
Trade Setup:
We opened 27 BUY trade(s) @ 16.39 (day close price) based on 'Valley' at 2015.04.27.

Closed Profit:
TP1 @ 16.65 touched at 2015.04.28 with 26 point Profit.
TP2 @ 17.20 touched at 2015.05.13 with 81 point Profit.
26 + 81 = 107 point

Open Profit:
Profit for one trade is 17.09(current price) - 16.39(open price) = 70 point
25 trade(s) still open, therefore total profit for open trade(s) is 70 x 25 = 1750 point
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (15.60 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 (15.60)
    • Support on 04/24/2015
    • Support on 03/16/2015
    • Support on 03/10/2015
    • Support on 01/05/2015
    • Support on 01/02/2015
    • Support on 12/31/2014
    • Support on 12/23/2014
    • Support on 12/22/2014
    • Support on 12/17/2014
    • Support on 12/16/2014
    • Support on 11/14/2014
    • Support on 11/13/2014
    • Support on 11/12/2014
    • Support on 02/25/2010
  • Ending of entry zone (14.60)
    • Support on 12/01/2014
    • 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

DateMay 24, 2015 - 20:19
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast 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 57.

Take Profits:

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