SILVER - USD - 15 min. - Technical analysis published on 04/03/2024 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 26.35 USD
My targets
26.59 USD (+0.80%)
26.80 USD (+1.59%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 26.35 USD. The buyers' bullish objective is set at 26.59 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.80 USD. If there is any crossing, the next objective would be the resistance located at 27.04 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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Additional analysis
Quotes
SILVER - USD rating 26.38 USD. The price registered an increase of +0.88% on the session with the lowest point at 26.11 USD and the highest point at 26.56 USD. The deviation from the price is +1.03% for the low point and -0.68% for the high point.26.11
26.56
26.38
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 25.39 | 25.71 | 26.20 | 26.38 | 28.53 | 29.77 | 34.99 |
Change (%) | -3.75% | -2.54% | -0.68% | - | +8.15% | +12.85% | +32.64% |
Change | -0.99 | -0.67 | -0.18 | - | +2.15 | +3.39 | +8.61 |
Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 25.69 | 25.90 | 26.14 | 26.35 | 26.59 | 26.80 | 27.04 |
Camarilla | 26.26 | 26.30 | 26.34 | 26.38 | 26.42 | 26.46 | 26.50 |
Woodie | 25.71 | 25.91 | 26.16 | 26.36 | 26.61 | 26.81 | 27.06 |
Fibonacci | 25.90 | 26.07 | 26.18 | 26.35 | 26.52 | 26.63 | 26.80 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.82 | 24.07 | 24.52 | 24.77 | 25.22 | 25.47 | 25.92 |
Camarilla | 24.78 | 24.84 | 24.91 | 24.97 | 25.03 | 25.10 | 25.16 |
Woodie | 23.92 | 24.12 | 24.62 | 24.82 | 25.32 | 25.52 | 26.02 |
Fibonacci | 24.07 | 24.34 | 24.50 | 24.77 | 25.04 | 25.20 | 25.47 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 19.77 | 21.14 | 23.05 | 24.42 | 26.33 | 27.70 | 29.61 |
Camarilla | 24.07 | 24.37 | 24.67 | 24.97 | 25.27 | 25.57 | 25.87 |
Woodie | 20.05 | 21.28 | 23.33 | 24.56 | 26.61 | 27.84 | 29.89 |
Fibonacci | 21.14 | 22.39 | 23.16 | 24.42 | 25.67 | 26.44 | 27.70 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 56.90 | |
MACD (12,26,9): | 0.0700 | |
Directional Movement: | 16.35 | |
AROON (14): | 35.71 | |
DEMA (21): | 26.41 | |
Parabolic SAR (0,02-0,02-0,2): | 26.25 | |
Elder Ray (13): | 0.01 | |
Super Trend (3,10): | 26.20 | |
Zig ZAG (10): | 26.33 | |
VORTEX (21): | 1.1000 | |
Stochastique (14,3,5): | 35.62 | |
TEMA (21): | 26.39 | |
Williams %R (14): | -61.76 | |
Chande Momentum Oscillator (20): | 0.11 | |
Repulse (5,40,3): | 0.0400 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0400 | |
Courbe Coppock: | 1.11 |
MA7: | 25.18 | |
MA20: | 24.89 | |
MA50: | 23.65 | |
MA100: | 23.64 | |
MAexp7: | 26.36 | |
MAexp20: | 26.32 | |
MAexp50: | 26.15 | |
MAexp100: | 25.90 | |
Price / MA7: | +4.77% | |
Price / MA20: | +5.99% | |
Price / MA50: | +11.54% | |
Price / MA100: | +11.59% | |
Price / MAexp7: | +0.08% | |
Price / MAexp20: | +0.23% | |
Price / MAexp50: | +0.88% | |
Price / MAexp100: | +1.85% |
Quotes :
-
Real time data
-
Gold & Silver Spot
News
The last news published on SILVER - USD at the time of the generation of this analysis was as follows:
- Silver Prices forecast for the week of December 12 2016, Technical Analysis
- Silver Technical Analysis for December 12 2016 by FXEmpire.com
- Silver Technical Analysis for December 09 2016 by FXEmpire.com
- Silver Technical Analysis for December 08 2016 by FXEmpire.com
- Silver Technical Analysis for December 07 2016 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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