SILVER - USD
SILVER - USD
- USD (-)
- Real time data - Gold & Silver Spot
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Type: Commodities
Ticker: XAGUSD
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SILVER - USD - 1H - Technical analysis published on 07/03/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 17.76 USD
My targets
18.09 USD (+0.44%)
18.24 USD (+1.28%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 17.76 USD. The buyers” bullish objective is set at 18.09 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.24 USD. If there is any crossing, the next objective would be the resistance located at 18.45 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
6.1

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:
15 min. Daily Weekly

Additional analysis

Quotes

The SILVER - USD rating is 18.01 USD. The price registered an increase of +0.39% on the session and was between 17.93 USD and 18.04 USD. This implies that the price is at +0.45% from its lowest and at -0.17% from its highest.

17.93
18.04
18.01

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this SILVER - USD chart shows a bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 17.49 17.76 17.97 18.01 18.09 18.24 18.45
Change (%) -2.89% -1.39% -0.22% - +0.44% +1.28% +2.44%
Change -0.52 -0.25 -0.04 - +0.08 +0.23 +0.44
Level Minor Intermediate Intermediate - Intermediate Minor Intermediate



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
Standard17.3917.5717.7617.9418.1318.3118.50
Camarilla17.8417.8717.9117.9417.9718.0118.04
Woodie17.3917.5717.7617.9418.1318.3118.50
Fibonacci17.5717.7217.8017.9418.0918.1718.31


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.7117.0417.4117.7418.1118.4418.81
Camarilla17.5817.6417.7117.7717.8317.9017.96
Woodie16.7217.0517.4217.7518.1218.4518.82
Fibonacci17.0417.3117.4817.7418.0118.1818.44


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.8316.3917.2817.8418.7319.2920.18
Camarilla17.7817.9118.0518.1818.3118.4518.58
Woodie16.0116.4717.4617.9218.9119.3720.36
Fibonacci16.3916.9417.2817.8418.3918.7319.29

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): 51.50
MACD (12,26,9): 0.0000
Directional Movement: -2.70
AROON (14): 78.57
DEMA (21): 17.99
Parabolic SAR (0,02-0,02-0,2): 17.95
Elder Ray (13): 0.02
Super Trend (3,10): 18.12
Zig ZAG (10): 18.01
VORTEX (21): 1.0400
Stochastique (14,3,5): 77.78
TEMA (21): 18.01
Williams %R (14): -8.33
Chande Momentum Oscillator (20): 0.08
Repulse (5,40,3): 0.2200
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.22
MA7: 17.94
MA20: 17.73
MA50: 16.93
MA100: 16.31
MAexp7: 18.00
MAexp20: 17.99
MAexp50: 17.99
MAexp100: 17.97
Price / MA7: +0.39%
Price / MA20: +1.58%
Price / MA50: +6.38%
Price / MA100: +10.42%
Price / MAexp7: +0.06%
Price / MAexp20: +0.11%
Price / MAexp50: +0.11%
Price / MAexp100: +0.22%

Quotes : 2020-07-03 08:05:15 - Real time data - Gold & Silver Spot

This member declared not having a position on this financial instrument or a related financial instrument.

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