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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup

#XAGUSD
Total Profit: 5044 point
Closed trade(s): 1204 point Profit
Open trade(s): 3840 point Profit
_______________________________________________
Trade Setup:
We opened 18 BUY trade(s) @ 16.46 based on 'Valley' entry method at 2016.06.06.

Closed Profit:
TP1 @ 16.65 touched at 2016.06.08 with 19 point Profit.
TP2 @ 17.20 touched at 2016.06.09 with 74 point Profit.
TP3 @ 17.70 touched at 2016.06.16 with 124 point Profit.
TP4 @ 18.50 touched at 2016.06.30 with 204 point Profit.
TP5 @ 19.75 touched at 2016.07.01 with 329 point Profit.
TP6 @ 21.00 touched at 2016.07.04 with 454 point Profit.
19 + 74 + 124 + 204 + 329 + 454 = 1204 point

Open Profit:
Profit for one trade is 19.66(current price) - 16.46(open price) = 320 point
12 trade(s) still open, therefore total profit for open trade(s) is 320 x 12 = 3840 point
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (16.20 to 15.85). 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 (16.20)
    • Support on 06/07/2016
    • Resistance on 05/30/2016
    • Support on 05/27/2016
    • Support on 05/26/2016
    • Support on 05/24/2016
    • Support on 04/19/2016
    • Resistance on 04/14/2016
    • Resistance on 04/13/2016
    • Resistance on 04/12/2016
    • Resistance on 10/28/2015
    • Resistance on 10/15/2015
    • Resistance on 10/14/2015
    • Resistance on 06/23/2015
    • Resistance on 06/22/2015
    • Resistance on 06/19/2015
    • Resistance on 06/18/2015
    • Resistance on 06/17/2015
    • Resistance on 06/15/2015
    • Resistance on 06/10/2015
    • Support on 05/12/2015
    • Support on 05/11/2015
    • Support on 05/08/2015
    • Support on 05/07/2015
    • Support on 04/17/2015
    • Support on 04/16/2015
    • Support on 04/13/2015
    • Resistance on 03/19/2015
    • Resistance on 03/06/2015
    • Support on 03/04/2015
    • Support on 03/03/2015
    • Support on 02/24/2015
    • Support on 02/23/2015
    • Support on 02/20/2015
    • Support on 02/18/2015
    • Support on 01/09/2015
    • Resistance on 01/05/2015
    • Resistance on 12/29/2014
    • Resistance on 12/26/2014
    • Resistance on 12/22/2014
    • Resistance on 12/18/2014
    • Resistance on 12/16/2014
    • Support on 12/09/2014
    • Support on 12/08/2014
    • Support on 12/05/2014
    • Support on 12/03/2014
    • Support on 12/02/2014
    • Support on 11/27/2014
    • Support on 11/21/2014
    • Resistance on 11/19/2014
    • Resistance on 11/18/2014
    • Resistance on 11/04/2014
    • Resistance on 11/03/2014
    • Support on 03/16/2010
    • Resistance on 02/25/2010
    • Support on 02/22/2010
    • Resistance on 02/18/2010
    • Resistance on 02/17/2010
    • Resistance on 02/16/2010
    • Support on 01/28/2010
    • Support on 11/03/2009
    • Support on 11/02/2009
    • Support on 10/30/2009
    • Resistance on 09/29/2009
    • Resistance on 09/28/2009
    • Resistance on 09/25/2009
    • Support on 09/24/2009
    • Support on 09/10/2009
    • Support on 09/09/2009
    • Support on 09/08/2009
    • Support on 09/07/2009
    • Resistance on 09/04/2009
    • Resistance on 09/03/2009
    • Resistance on 06/03/2009
    • Resistance on 08/08/2008
    • Support on 06/12/2008
    • Support on 02/06/2008
    • Resistance on 01/23/2008
    • Resistance on 01/22/2008
    • Resistance on 01/21/2008
    • Resistance on 01/18/2008
    • Support on 01/14/2008
    • Resistance on 01/10/2008
  • Ending of entry zone (15.85)
    • Support on 06/01/2016
    • Support on 05/30/2016
    • Support on 04/14/2016
    • Support on 04/12/2016
    • Resistance on 03/23/2016
    • Resistance on 03/21/2016
    • Resistance on 03/14/2016
    • Resistance on 02/11/2016
    • Resistance on 10/26/2015
    • Resistance on 10/23/2015
    • Resistance on 10/22/2015
    • Support on 10/15/2015
    • Support on 10/14/2015
    • Resistance on 10/12/2015
    • Resistance on 10/09/2015
    • Support on 10/07/2015
    • Resistance on 07/13/2015
    • Resistance on 07/06/2015
    • Support on 06/25/2015
    • Support on 06/19/2015
    • Support on 06/16/2015
    • Support on 06/15/2015
    • Support on 06/12/2015
    • Support on 06/11/2015
    • Support on 05/01/2015
    • Support on 04/30/2015
    • Support on 04/21/2015
    • Support on 04/20/2015
    • Support on 03/19/2015
    • Support on 03/06/2015
    • Support on 12/19/2014
    • Support on 11/19/2014
    • Resistance on 11/11/2014
    • Resistance on 11/10/2014

DateSeptember 24, 2016 - 23:25
Currentrange bound
Forecastcontinuation of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast continuation 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 56.

Take Profits:

  1. 16.65
  2. 17.20
  3. 17.70
  4. 18.50
  5. 19.75
  6. 21.00
  7. 22.00
  8. 23.05
  9. 25.10
  10. 26.10
  11. 28.35
  12. 29.90
  13. 33.30
  14. 35.35
  15. 37.50
  16. 44.20
  17. 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