SILVER - USD - Daily - Technical analysis published on 08/13/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 26.01 USD
My targets
34.40 USD (+29.80%)
34.99 USD (+32.04%)
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 26.01 USD. The buyers” bullish objective is set at 34.40 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 34.99 USD. If there is any crossing, the next objective would be the resistance located at 48.29 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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Additional analysis
Quotes
The SILVER - USD rating is 26.50 USD. The price has increased by +3.35% since the last closing and was between 25.55 USD and 26.77 USD. This implies that the price is at +3.72% from its lowest and at -1.01% from its highest.25.55
26.77
26.50
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this SILVER - USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 18.58 | 20.70 | 26.35 | 26.50 | 34.99 | 48.29 |
Change (%) | -29.89% | -21.89% | -0.57% | - | +32.04% | +82.23% |
Change | -7.92 | -5.80 | -0.15 | - | +8.49 | +21.79 |
Level | Major | Major | Major | - | Minor | Major |
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 | 21.07 | 22.25 | 23.94 | 25.12 | 26.81 | 27.99 | 29.68 |
Camarilla | 24.85 | 25.11 | 25.38 | 25.64 | 25.90 | 26.17 | 26.43 |
Woodie | 21.34 | 22.38 | 24.21 | 25.25 | 27.08 | 28.12 | 29.95 |
Fibonacci | 22.25 | 23.34 | 24.02 | 25.12 | 26.21 | 26.89 | 27.99 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.17 | 8.56 | 13.09 | 21.48 | 26.01 | 34.40 | 38.93 |
Camarilla | 14.08 | 15.26 | 16.45 | 17.63 | 18.81 | 20.00 | 21.18 |
Woodie | -1.75 | 7.60 | 11.17 | 20.52 | 24.09 | 33.44 | 37.01 |
Fibonacci | 8.56 | 13.49 | 16.54 | 21.48 | 26.41 | 29.46 | 34.40 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 17.24 | 17.41 | 17.36 | 17.53 | 17.48 | 17.65 | 17.60 |
Camarilla | 17.27 | 17.28 | 17.29 | 17.30 | 17.31 | 17.32 | 17.33 |
Woodie | 17.12 | 17.36 | 17.24 | 17.48 | 17.36 | 17.60 | 17.48 |
Fibonacci | 17.41 | 17.46 | 17.49 | 17.53 | 17.58 | 17.61 | 17.65 |
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): | 55.73 | |
MACD (12,26,9): | 1.3600 | |
Directional Movement: | 11.14 | |
AROON (14): | -14.29 | |
DEMA (21): | 25.86 | |
Parabolic SAR (0,02-0,02-0,2): | 29.18 | |
Elder Ray (13): | 1.50 | |
Super Trend (3,10): | 18.60 | |
Zig ZAG (10): | 26.58 | |
VORTEX (21): | 1.0900 | |
Stochastique (14,3,5): | 67.37 | |
TEMA (21): | 25.99 | |
Williams %R (14): | -26.57 | |
Chande Momentum Oscillator (20): | 2.97 | |
Repulse (5,40,3): | 0.3100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.0200 | |
Courbe Coppock: | 15.30 |
MA7: | 24.16 | |
MA20: | 24.45 | |
MA50: | 20.70 | |
MA100: | 18.29 | |
MAexp7: | 25.14 | |
MAexp20: | 23.96 | |
MAexp50: | 21.56 | |
MAexp100: | 19.66 | |
Price / MA7: | +9.69% | |
Price / MA20: | +8.38% | |
Price / MA50: | +28.02% | |
Price / MA100: | +44.89% | |
Price / MAexp7: | +5.41% | |
Price / MAexp20: | +10.60% | |
Price / MAexp50: | +22.91% | |
Price / MAexp100: | +34.79% |
Quotes :
2020-08-13 11:41:13
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Real time data
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Gold & Silver Spot
News
The last news published on SILVER - USD 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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