GOLD/SILVER RATIO - Daily - Technical analysis published on 02/28/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 65.653 XAG
My targets
64.180 XAG (-0.752)
62.858 XAG (-2.074)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD/SILVER RATIO as long as the price remains well below 65.653 XAG. The sellers” bearish objective is set at 64.180 XAG. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 62.858 XAG. In case of crossing, the next objective would be the support located at 58.698 XAG. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLD/SILVER RATIO price is 64.932 XAG. The price registered a decrease of -0.11% on the session and was traded between 64.868 XAG and 65.165 XAG over the period. The price is currently at +0.10% from its lowest and -0.36% from its highest.64.868
65.165
64.932
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLD/SILVER RATIO:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GOLD/SILVER RATIO indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 47.724 | 58.698 | 64.180 | 64.932 | 70.110 | 76.368 | 79.285 |
| Change (%) | -26.50% | -9.60% | -1.16% | - | +7.97% | +17.61% | +22.10% |
| Change | -17.208 | -6.234 | -0.752 | - | +5.178 | +11.436 | +14.353 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62.205 | 63.207 | 64.105 | 65.107 | 66.005 | 67.007 | 67.905 |
| Camarilla | 64.482 | 64.656 | 64.830 | 65.004 | 65.178 | 65.352 | 65.527 |
| Woodie | 62.154 | 63.181 | 64.054 | 65.081 | 65.954 | 66.981 | 67.854 |
| Fibonacci | 63.207 | 63.933 | 64.381 | 65.107 | 65.833 | 66.281 | 67.007 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.259 | 62.449 | 63.727 | 64.917 | 66.195 | 67.385 | 68.663 |
| Camarilla | 64.325 | 64.552 | 64.778 | 65.004 | 65.230 | 65.457 | 65.683 |
| Woodie | 61.302 | 62.471 | 63.770 | 64.939 | 66.238 | 67.407 | 68.706 |
| Fibonacci | 62.449 | 63.392 | 63.975 | 64.917 | 65.860 | 66.443 | 67.385 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58.074 | 62.858 | 65.653 | 70.437 | 73.232 | 78.016 | 80.811 |
| Camarilla | 66.364 | 67.059 | 67.753 | 68.448 | 69.143 | 69.838 | 70.532 |
| Woodie | 57.080 | 62.361 | 64.659 | 69.940 | 72.238 | 77.519 | 79.817 |
| Fibonacci | 62.858 | 65.753 | 67.542 | 70.437 | 73.332 | 75.121 | 78.016 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.36 | |
| MACD (12,26,9): | -1.5840 | |
| Directional Movement: | -6.125 | |
| AROON (14): | -71.428 | |
| DEMA (21): | 64.300 | |
| Parabolic SAR (0,02-0,02-0,2): | 66.300 | |
| Elder Ray (13): | -0.630 | |
| Super Trend (3,10): | 69.740 | |
| Zig ZAG (10): | 64.942 | |
| VORTEX (21): | 0.9470 | |
| Stochastique (14,3,5): | 22.19 | |
| TEMA (21): | 64.103 | |
| Williams %R (14): | -74.28 | |
| Chande Momentum Oscillator (20): | -2.707 | |
| Repulse (5,40,3): | -0.5800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3470 | |
| Courbe Coppock: | 7.91 |
| MA7: | 64.831 | |
| MA20: | 66.346 | |
| MA50: | 69.677 | |
| MA100: | 73.495 | |
| MAexp7: | 65.059 | |
| MAexp20: | 66.452 | |
| MAexp50: | 69.310 | |
| MAexp100: | 72.773 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | -2.13% | |
| Price / MA50: | -6.81% | |
| Price / MA100: | -11.65% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -2.29% | |
| Price / MAexp50: | -6.32% | |
| Price / MAexp100: | -10.77% |
Quotes :
2021-02-28 23:32:36
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Real time data
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Gold & Silver Spot
This member declared not having a position on this financial instrument or a related financial instrument.
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