SILVER - USD - 1H - Technical analysis published on 04/29/2020 (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 bullish
De fond:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 15.02 USD
My targets
15.33 USD (+0.59%)
15.45 USD (+1.38%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on SILVER. This is a positive signal for buyers. As long as the price remains above 15.02 USD, a purchase could be considered. The first bullish objective is located at 15.33 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 15.45 USD as an objective. Crossing it would then enable buyers to target 15.56 USD. In the event of a return below 15.02 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.4
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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
The SILVER rating is 15.24 USD. The price has increased by +0.66% since the last closing and was between 15.13 USD and 15.26 USD. This implies that the price is at +0.73% from its lowest and at -0.13% from its highest.15.13
15.26
15.24
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
A technical analysis in 1H of this SILVER chart shows a bullish trend. 75% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.76 | 14.91 | 15.02 | 15.24 | 15.24 | 15.33 | 15.45 |
| Change (%) | -3.15% | -2.17% | -1.44% | 0% | - | +0.59% | +1.38% |
| Change | -0.48 | -0.33 | -0.22 | 0 | - | +0.09 | +0.21 |
| Level | Major | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate |
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 | 14.62 | 14.77 | 14.95 | 15.10 | 15.28 | 15.43 | 15.61 |
| Camarilla | 15.05 | 15.08 | 15.11 | 15.14 | 15.17 | 15.20 | 15.23 |
| Woodie | 14.65 | 14.78 | 14.98 | 15.11 | 15.31 | 15.44 | 15.64 |
| Fibonacci | 14.77 | 14.89 | 14.97 | 15.10 | 15.22 | 15.30 | 15.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.77 | 14.15 | 14.69 | 15.07 | 15.61 | 15.99 | 16.53 |
| Camarilla | 14.98 | 15.06 | 15.15 | 15.23 | 15.31 | 15.40 | 15.48 |
| Woodie | 13.85 | 14.19 | 14.77 | 15.11 | 15.69 | 16.03 | 16.61 |
| Fibonacci | 14.15 | 14.50 | 14.72 | 15.07 | 15.42 | 15.64 | 15.99 |
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 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): | 59.61 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 3.56 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 15.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.11 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 14.98 | |
| Zig ZAG (10): | 15.25 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 78.33 | |
| TEMA (21): | 15.23 | |
| Williams %R (14): | -10.00 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 0.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.47 |
| MA7: | 15.13 | |
| MA20: | 15.09 | |
| MA50: | 15.52 | |
| MA100: | 16.62 | |
| MAexp7: | 15.20 | |
| MAexp20: | 15.17 | |
| MAexp50: | 15.16 | |
| MAexp100: | 15.16 | |
| Price / MA7: | +0.73% | |
| Price / MA20: | +0.99% | |
| Price / MA50: | -1.80% | |
| Price / MA100: | -8.30% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +0.53% | |
| Price / MAexp100: | +0.53% |
News
The last news published on SILVER 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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