SILVER - USD - 1H - Technical analysis published on 04/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 15.36 USD
My targets
15.14 USD (-0.59%)
14.76 USD (-3.09%)
My analysis
SILVER is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 15.36 USD. The next support located at 15.14 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 14.76 USD. Below this support, sellers could then target 14.25 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER rating 15.23 USD. On the day, this instrument lost -1.62% and was traded between 15.11 USD and 15.56 USD over the period. The price is currently at +0.79% from its lowest and -2.12% from its highest.15.11
15.56
15.23
Here is a more detailed summary of the historical variations registered by SILVER:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SILVER in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.25 | 14.76 | 15.14 | 15.23 | 15.36 | 15.60 | 15.74 |
| Change (%) | -6.43% | -3.09% | -0.59% | - | +0.85% | +2.43% | +3.35% |
| Change | -0.98 | -0.47 | -0.09 | - | +0.13 | +0.37 | +0.51 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.87 | 15.04 | 15.26 | 15.43 | 15.65 | 15.82 | 16.04 |
| Camarilla | 15.37 | 15.41 | 15.44 | 15.48 | 15.52 | 15.55 | 15.59 |
| Woodie | 14.90 | 15.05 | 15.29 | 15.44 | 15.68 | 15.83 | 16.07 |
| Fibonacci | 15.04 | 15.19 | 15.28 | 15.43 | 15.58 | 15.67 | 15.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.30 | 13.77 | 14.61 | 15.08 | 15.92 | 16.39 | 17.23 |
| Camarilla | 15.08 | 15.20 | 15.32 | 15.44 | 15.56 | 15.68 | 15.80 |
| Woodie | 13.48 | 13.86 | 14.79 | 15.17 | 16.10 | 16.48 | 17.41 |
| Fibonacci | 13.77 | 14.27 | 14.58 | 15.08 | 15.58 | 15.89 | 16.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.21 | 8.42 | 11.19 | 14.40 | 17.17 | 20.38 | 23.15 |
| Camarilla | 12.32 | 12.86 | 13.41 | 13.96 | 14.51 | 15.06 | 15.60 |
| Woodie | 4.99 | 8.31 | 10.97 | 14.29 | 16.95 | 20.27 | 22.93 |
| Fibonacci | 8.42 | 10.70 | 12.12 | 14.40 | 16.68 | 18.10 | 20.38 |
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): | 38.49 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -16.68 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 15.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.52 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 15.61 | |
| Zig ZAG (10): | 15.23 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 30.37 | |
| TEMA (21): | 15.27 | |
| Williams %R (14): | -73.33 | |
| Chande Momentum Oscillator (20): | -0.28 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.81 |
| MA7: | 15.37 | |
| MA20: | 14.64 | |
| MA50: | 15.93 | |
| MA100: | 16.76 | |
| MAexp7: | 15.29 | |
| MAexp20: | 15.36 | |
| MAexp50: | 15.41 | |
| MAexp100: | 15.38 | |
| Price / MA7: | -0.91% | |
| Price / MA20: | +4.03% | |
| Price / MA50: | -4.39% | |
| Price / MA100: | -9.13% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -0.85% | |
| Price / MAexp50: | -1.17% | |
| Price / MAexp100: | -0.98% |
News
The latest news and videos published on SILVER at the time of the analysis were 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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