SILVER - USD - 1H - Technical analysis published on 07/29/2020 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 24.09 USD
My targets
24.64 USD (+1.11%)
25.79 USD (+5.84%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 24.09 USD. The buyers” bullish objective is set at 24.64 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.79 USD. If there is any crossing, the next objective would be the resistance located at 26.35 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - USD rating 24.37 USD. On the day, this instrument gained +0.45% and was between 24.03 USD and 24.53 USD. This implies that the price is at +1.41% from its lowest and at -0.65% from its highest.24.03
24.53
24.37
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on SILVER - USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this SILVER - USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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 | 22.27 | 23.27 | 24.09 | 24.37 | 24.64 | 26.35 | 34.99 |
| Change (%) | -8.62% | -4.51% | -1.15% | - | +1.11% | +8.12% | +43.58% |
| Change | -2.10 | -1.10 | -0.28 | - | +0.27 | +1.98 | +10.62 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
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 | 18.38 | 20.33 | 22.30 | 24.25 | 26.22 | 28.17 | 30.14 |
| Camarilla | 23.18 | 23.54 | 23.90 | 24.26 | 24.62 | 24.98 | 25.34 |
| Woodie | 18.38 | 20.34 | 22.30 | 24.26 | 26.22 | 28.18 | 30.14 |
| Fibonacci | 20.33 | 21.83 | 22.76 | 24.25 | 25.75 | 26.68 | 28.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.23 | 17.73 | 20.26 | 21.76 | 24.29 | 25.79 | 28.32 |
| Camarilla | 21.67 | 22.04 | 22.41 | 22.78 | 23.15 | 23.52 | 23.89 |
| Woodie | 16.74 | 17.99 | 20.77 | 22.02 | 24.80 | 26.05 | 28.83 |
| Fibonacci | 17.73 | 19.27 | 20.22 | 21.76 | 23.30 | 24.25 | 25.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.83 | 16.39 | 17.28 | 17.84 | 18.73 | 19.29 | 20.18 |
| Camarilla | 17.78 | 17.91 | 18.05 | 18.18 | 18.31 | 18.45 | 18.58 |
| Woodie | 16.01 | 16.47 | 17.46 | 17.92 | 18.91 | 19.37 | 20.36 |
| Fibonacci | 16.39 | 16.94 | 17.28 | 17.84 | 18.39 | 18.73 | 19.29 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.11 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -6.81 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 24.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.81 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 25.23 | |
| Zig ZAG (10): | 24.31 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 55.29 | |
| TEMA (21): | 24.22 | |
| Williams %R (14): | -35.59 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.58 |
| MA7: | 23.54 | |
| MA20: | 20.48 | |
| MA50: | 18.77 | |
| MA100: | 16.86 | |
| MAexp7: | 24.29 | |
| MAexp20: | 24.27 | |
| MAexp50: | 24.11 | |
| MAexp100: | 23.53 | |
| Price / MA7: | +3.53% | |
| Price / MA20: | +18.99% | |
| Price / MA50: | +29.83% | |
| Price / MA100: | +44.54% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +1.04% | |
| Price / MAexp100: | +3.53% |
Quotes :
2020-07-29 07:05:55
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Real time data
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Gold & Silver Spot
News
The latest news and videos published on SILVER - USD 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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