SILVER - USD - 1H - Technical analysis published on 04/21/2020 (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
11%
78%
11%
My opinion
Bearish under 15.14 USD
My targets
14.87 USD (-1.20%)
14.76 USD (-1.93%)
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 15.14 USD. The next support located at 14.87 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 13.86 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.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER rating 15.05 USD. On the day, this instrument lost -1.31% and was traded between 14.84 USD and 15.34 USD over the period. The price is currently at +1.42% from its lowest and -1.89% from its highest.14.84
15.34
15.05
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SILVER indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.76 | 14.87 | 15.05 | 15.05 | 15.14 | 15.34 | 15.45 |
| Change (%) | -1.93% | -1.20% | 0% | - | +0.60% | +1.93% | +2.66% |
| Change | -0.29 | -0.18 | 0 | - | +0.09 | +0.29 | +0.40 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.65 | 14.85 | 15.05 | 15.25 | 15.45 | 15.65 | 15.85 |
| Camarilla | 15.14 | 15.18 | 15.21 | 15.25 | 15.29 | 15.32 | 15.36 |
| Woodie | 14.65 | 14.85 | 15.05 | 15.25 | 15.45 | 15.65 | 15.85 |
| Fibonacci | 14.85 | 15.00 | 15.10 | 15.25 | 15.40 | 15.50 | 15.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.06 | 14.54 | 14.87 | 15.35 | 15.68 | 16.16 | 16.49 |
| Camarilla | 14.97 | 15.04 | 15.12 | 15.19 | 15.26 | 15.34 | 15.41 |
| Woodie | 13.98 | 14.50 | 14.79 | 15.31 | 15.60 | 16.12 | 16.41 |
| Fibonacci | 14.54 | 14.85 | 15.04 | 15.35 | 15.66 | 15.85 | 16.16 |
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): | 32.17 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -18.68 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 15.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.31 | |
| Elder Ray (13): | -0.19 | |
| Super Trend (3,10): | 15.34 | |
| Zig ZAG (10): | 14.93 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 23.44 | |
| TEMA (21): | 15.11 | |
| Williams %R (14): | -78.00 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | -1.9200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.96 |
| MA7: | 15.34 | |
| MA20: | 14.84 | |
| MA50: | 15.83 | |
| MA100: | 16.72 | |
| MAexp7: | 15.12 | |
| MAexp20: | 15.19 | |
| MAexp50: | 15.24 | |
| MAexp100: | 15.28 | |
| Price / MA7: | -1.89% | |
| Price / MA20: | +1.42% | |
| Price / MA50: | -4.93% | |
| Price / MA100: | -9.99% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -0.92% | |
| Price / MAexp50: | -1.25% | |
| Price / MAexp100: | -1.51% |
News
Don"t forget to follow the news on SILVER. At the time of publication of this analysis, the latest news 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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