SILVER - USD - 1H - Technical analysis published on 08/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 27.10 USD
My targets
26.35 USD (-1.16%)
25.75 USD (-3.41%)
My analysis
The bearish trend is currently very strong for SILVER - USD. As long as the price remains below the resistance at 27.10 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 26.35 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 25.75 USD as an objective. Crossing it would then enable sellers to target 25.12 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.7
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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 - USD rating is 26.66 USD. The price registered a decrease of -2.91% on the session and was traded between 26.04 USD and 27.55 USD over the period. The price is currently at +2.38% from its lowest and -3.23% from its highest.26.04
27.55
26.66
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of SILVER - USD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.12 | 25.75 | 26.35 | 26.66 | 27.10 | 27.73 | 28.47 |
| Change (%) | -5.78% | -3.41% | -1.16% | - | +1.65% | +4.01% | +6.79% |
| Change | -1.54 | -0.91 | -0.31 | - | +0.44 | +1.07 | +1.81 |
| Level | Minor | Intermediate | Minor | - | Major | 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 | 25.93 | 26.27 | 26.86 | 27.20 | 27.79 | 28.13 | 28.72 |
| Camarilla | 27.20 | 27.29 | 27.38 | 27.46 | 27.55 | 27.63 | 27.72 |
| Woodie | 26.07 | 26.33 | 27.00 | 27.26 | 27.93 | 28.19 | 28.86 |
| Fibonacci | 26.27 | 26.62 | 26.84 | 27.20 | 27.55 | 27.77 | 28.13 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.29 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | -24.34 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 27.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.42 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 27.39 | |
| Zig ZAG (10): | 26.79 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 30.18 | |
| TEMA (21): | 26.85 | |
| Williams %R (14): | -57.62 | |
| Chande Momentum Oscillator (20): | -0.71 | |
| Repulse (5,40,3): | -0.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 3.34 |
| MA7: | 27.12 | |
| MA20: | 26.35 | |
| MA50: | 21.85 | |
| MA100: | 19.01 | |
| MAexp7: | 26.84 | |
| MAexp20: | 27.11 | |
| MAexp50: | 27.19 | |
| MAexp100: | 27.21 | |
| Price / MA7: | -1.70% | |
| Price / MA20: | +1.18% | |
| Price / MA50: | +22.01% | |
| Price / MA100: | +40.24% | |
| Price / MAexp7: | -0.67% | |
| Price / MAexp20: | -1.66% | |
| Price / MAexp50: | -1.95% | |
| Price / MAexp100: | -2.02% |
Quotes :
2020-08-21 13:09:46
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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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