SILVER - USD - Daily - Technical analysis published on 08/19/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 26.35 USD
My targets
27.82 USD (+1.79%)
29.77 USD (+8.93%)
My analysis
The bullish trend is currently very strong on SILVER - USD. As long as the price remains above the support at 26.35 USD, you could try to benefit from the boom. The first bullish objective is located at 27.82 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 29.77 USD as an objective. Crossing it would then enable buyers to target 34.99 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.5
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Additional analysis
Quotes
The SILVER - USD rating is 27.33 USD. On the day, this instrument lost -2.18% and was between 27.18 USD and 28.03 USD. This implies that the price is at +0.55% from its lowest and at -2.50% from its highest.27.18
28.03
27.33
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 notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of SILVER - USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 18.58 | 20.70 | 26.35 | 27.33 | 29.77 | 34.99 | 48.29 |
Change (%) | -32.02% | -24.26% | -3.59% | - | +8.93% | +28.03% | +76.69% |
Change | -8.75 | -6.63 | -0.98 | - | +2.44 | +7.66 | +20.96 |
Level | Major | Major | Minor | - | 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 | 25.85 | 26.48 | 27.21 | 27.84 | 28.57 | 29.20 | 29.93 |
Camarilla | 27.57 | 27.69 | 27.82 | 27.94 | 28.07 | 28.19 | 28.31 |
Woodie | 25.90 | 26.51 | 27.26 | 27.87 | 28.62 | 29.23 | 29.98 |
Fibonacci | 26.48 | 27.00 | 27.32 | 27.84 | 28.36 | 28.68 | 29.20 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 17.41 | 20.41 | 23.40 | 26.40 | 29.39 | 32.39 | 35.38 |
Camarilla | 24.73 | 25.28 | 25.83 | 26.38 | 26.93 | 27.48 | 28.03 |
Woodie | 17.40 | 20.41 | 23.39 | 26.40 | 29.38 | 32.39 | 35.37 |
Fibonacci | 20.41 | 22.70 | 24.12 | 26.40 | 28.69 | 30.11 | 32.39 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 10.92 | 14.34 | 19.37 | 22.79 | 27.82 | 31.24 | 36.27 |
Camarilla | 22.08 | 22.85 | 23.63 | 24.40 | 25.18 | 25.95 | 26.72 |
Woodie | 11.73 | 14.74 | 20.18 | 23.19 | 28.63 | 31.64 | 37.08 |
Fibonacci | 14.34 | 17.57 | 19.56 | 22.79 | 26.02 | 28.01 | 31.24 |
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): | 59.51 | |
MACD (12,26,9): | 1.7700 | |
Directional Movement: | 14.62 | |
AROON (14): | 35.71 | |
DEMA (21): | 28.09 | |
Parabolic SAR (0,02-0,02-0,2): | 28.58 | |
Elder Ray (13): | 1.06 | |
Super Trend (3,10): | 23.62 | |
Zig ZAG (10): | 27.35 | |
VORTEX (21): | 1.1700 | |
Stochastique (14,3,5): | 65.99 | |
TEMA (21): | 28.35 | |
Williams %R (14): | -38.45 | |
Chande Momentum Oscillator (20): | 3.07 | |
Repulse (5,40,3): | 0.6700 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 1.2900 | |
Courbe Coppock: | 27.25 |
MA7: | 26.71 | |
MA20: | 25.94 | |
MA50: | 21.49 | |
MA100: | 18.76 | |
MAexp7: | 27.14 | |
MAexp20: | 25.65 | |
MAexp50: | 22.63 | |
MAexp100: | 20.32 | |
Price / MA7: | +2.32% | |
Price / MA20: | +5.36% | |
Price / MA50: | +27.18% | |
Price / MA100: | +45.68% | |
Price / MAexp7: | +0.70% | |
Price / MAexp20: | +6.55% | |
Price / MAexp50: | +20.77% | |
Price / MAexp100: | +34.50% |
Quotes :
2020-08-19 11:58:16
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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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