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Weekly forecast Silver technical chart
Symbol XAGUSD

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Trade Setup

#XAGUSD
Total Profit: 1882 point
Closed trade(s): 650 point Profit
Open trade(s): 1232 point Profit
_______________________________________________
Trade Setup:
We opened 19 BUY trade(s) @ 15.95 based on 'Valley' entry method at 2016.12.27.

Closed Profit:
TP1 @ 16.20 touched at 2016.12.29 with 25 point Profit.
TP2 @ 16.65 touched at 2017.01.05 with 70 point Profit.
TP3 @ 17.20 touched at 2017.01.17 with 125 point Profit.
TP4 @ 17.70 touched at 2017.02.02 with 175 point Profit.
TP5 @ 18.50 touched at 2017.04.12 with 255 point Profit.
25 + 70 + 125 + 175 + 255 = 650 point

Open Profit:
Profit for one trade is 16.83(current price) - 15.95(open price) = 88 point
14 trade(s) still open, therefore total profit for open trade(s) is 88 x 14 = 1232 point
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (15.85 to 15.50). 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 (15.85)
    • Support on 01/03/2017
    • Support on 12/30/2016
    • Support on 12/28/2016
    • Support on 12/21/2016
    • Support on 12/20/2016
    • Support on 12/19/2016
    • Support on 12/16/2016
    • Support on 12/15/2016
    • 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
  • Ending of entry zone (15.50)
    • Resistance on 04/01/2016
    • Resistance on 03/31/2016
    • Support on 03/17/2016
    • Resistance on 03/14/2016
    • Resistance on 03/04/2016
    • Resistance on 02/24/2016
    • Resistance on 02/18/2016
    • Resistance on 11/03/2015
    • Support on 10/30/2015
    • Support on 10/29/2015
    • Support on 10/08/2015
    • Resistance on 08/20/2015
    • Resistance on 08/14/2015
    • Resistance on 07/14/2015
    • Resistance on 07/13/2015
    • Resistance on 07/09/2015
    • Support on 07/06/2015
    • Support on 07/02/2015
    • Support on 07/01/2015
    • Support on 06/30/2015
    • Support on 06/26/2015
    • Support on 03/18/2015
    • Support on 03/17/2015
    • Support on 03/16/2015
    • Support on 03/13/2015
    • Support on 03/12/2015
    • Support on 01/02/2015
    • Support on 12/23/2014
    • Support on 12/22/2014
    • Support on 12/16/2014

DateMay 20, 2017 - 22:19
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

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

Technical analysis:

  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Take Profits:

  1. 16.20
  2. 16.65
  3. 17.20
  4. 17.70
  5. 18.50
  6. 19.75
  7. 21.00
  8. 22.00
  9. 23.05
  10. 25.10
  11. 26.10
  12. 28.35
  13. 29.90
  14. 33.30
  15. 35.35
  16. 37.50
  17. 44.20
  18. 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