SILVER - USD - Daily - Technical analysis published on 08/27/2020 (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%
17%
28%
My opinion
Bullish above 26.35 USD
My targets
27.94 USD (+2.23%)
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 27.94 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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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 price is 27.33 USD. The price is lower by -0.37% since the last closing with the lowest point at 26.92 USD and the highest point at 27.53 USD. The deviation from the price is +1.52% for the low point and -0.73% for the high point.26.92
27.53
27.33
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of SILVER - USD in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
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 detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.70 | 24.92 | 26.35 | 27.33 | 27.94 | 29.77 | 34.99 |
| Change (%) | -24.26% | -8.82% | -3.59% | - | +2.23% | +8.93% | +28.03% |
| Change | -6.63 | -2.41 | -0.98 | - | +0.61 | +2.44 | +7.66 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | 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 | 25.01 | 25.54 | 26.49 | 27.02 | 27.97 | 28.50 | 29.45 |
| Camarilla | 27.02 | 27.16 | 27.29 | 27.43 | 27.57 | 27.70 | 27.84 |
| Woodie | 25.21 | 25.65 | 26.69 | 27.13 | 28.17 | 28.61 | 29.65 |
| Fibonacci | 25.54 | 26.11 | 26.46 | 27.02 | 27.59 | 27.94 | 28.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.93 | 24.38 | 25.58 | 27.03 | 28.23 | 29.68 | 30.88 |
| Camarilla | 26.06 | 26.30 | 26.55 | 26.79 | 27.03 | 27.28 | 27.52 |
| Woodie | 22.82 | 24.32 | 25.47 | 26.97 | 28.12 | 29.62 | 30.77 |
| Fibonacci | 24.38 | 25.39 | 26.01 | 27.03 | 28.04 | 28.66 | 29.68 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.10 | |
| MACD (12,26,9): | 1.2200 | |
| Directional Movement: | 9.30 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 28.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.56 | |
| Elder Ray (13): | 0.42 | |
| Super Trend (3,10): | 23.62 | |
| Zig ZAG (10): | 27.29 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 58.35 | |
| TEMA (21): | 27.74 | |
| Williams %R (14): | -34.72 | |
| Chande Momentum Oscillator (20): | 2.40 | |
| Repulse (5,40,3): | 3.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9500 | |
| Courbe Coppock: | 4.28 |
| MA7: | 26.98 | |
| MA20: | 26.87 | |
| MA50: | 22.62 | |
| MA100: | 19.50 | |
| MAexp7: | 27.07 | |
| MAexp20: | 26.24 | |
| MAexp50: | 23.55 | |
| MAexp100: | 21.07 | |
| Price / MA7: | +1.30% | |
| Price / MA20: | +1.71% | |
| Price / MA50: | +20.82% | |
| Price / MA100: | +40.15% | |
| Price / MAexp7: | +0.96% | |
| Price / MAexp20: | +4.15% | |
| Price / MAexp50: | +16.05% | |
| Price / MAexp100: | +29.71% |
Quotes :
2020-08-27 09:45:12
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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:
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Silver Prices forecast for the week of December 12 2016, Technical Analysis
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Silver Technical Analysis for December 12 2016 by FXEmpire.com
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Silver Technical Analysis for December 09 2016 by FXEmpire.com
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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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