SILVER - USD - 1H - Technical analysis published on 09/04/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 27.17 USD
My targets
26.35 USD (-1.83%)
26.07 USD (-2.87%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SILVER - USD. As long as you are under the resistance located at 27.17 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 26.35 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 26.07 USD as an objective. Crossing it would then enable sellers to target 20.70 USD. If the resistance 27.17 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.1
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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
SILVER - USD rating 26.84 USD. The price registered an increase of +1.40% on the session with the lowest point at 26.41 USD and the highest point at 26.97 USD. The deviation from the price is +1.63% for the low point and -0.48% for the high point.26.41
26.97
26.84
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
Abnormal volumes on SILVER - USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this SILVER - USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 26.07 | 26.35 | 26.81 | 26.84 | 27.57 | 27.94 | 28.90 |
| Change (%) | -2.87% | -1.83% | -0.11% | - | +2.72% | +4.10% | +7.68% |
| Change | -0.77 | -0.49 | -0.03 | - | +0.73 | +1.10 | +2.06 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.65 | 25.52 | 25.99 | 26.86 | 27.33 | 28.20 | 28.67 |
| Camarilla | 26.10 | 26.22 | 26.35 | 26.47 | 26.59 | 26.72 | 26.84 |
| Woodie | 24.46 | 25.42 | 25.80 | 26.76 | 27.14 | 28.10 | 28.48 |
| Fibonacci | 25.52 | 26.03 | 26.35 | 26.86 | 27.37 | 27.69 | 28.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.53 | 25.30 | 26.40 | 27.17 | 28.27 | 29.04 | 30.14 |
| Camarilla | 27.00 | 27.17 | 27.34 | 27.51 | 27.68 | 27.85 | 28.02 |
| Woodie | 24.71 | 25.38 | 26.58 | 27.25 | 28.45 | 29.12 | 30.32 |
| Fibonacci | 25.30 | 26.01 | 26.45 | 27.17 | 27.88 | 28.32 | 29.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.97 | 20.70 | 24.41 | 27.14 | 30.85 | 33.58 | 37.29 |
| Camarilla | 26.36 | 26.95 | 27.54 | 28.13 | 28.72 | 29.31 | 29.90 |
| Woodie | 18.47 | 20.95 | 24.91 | 27.39 | 31.35 | 33.83 | 37.79 |
| Fibonacci | 20.70 | 23.16 | 24.68 | 27.14 | 29.60 | 31.12 | 33.58 |
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): | 48.15 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -5.65 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 26.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.93 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 27.24 | |
| Zig ZAG (10): | 26.78 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 80.79 | |
| TEMA (21): | 26.74 | |
| Williams %R (14): | -25.42 | |
| Chande Momentum Oscillator (20): | 0.22 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 0.84 |
| MA7: | 27.40 | |
| MA20: | 27.10 | |
| MA50: | 23.78 | |
| MA100: | 20.21 | |
| MAexp7: | 26.81 | |
| MAexp20: | 26.81 | |
| MAexp50: | 27.09 | |
| MAexp100: | 27.33 | |
| Price / MA7: | -2.04% | |
| Price / MA20: | -0.96% | |
| Price / MA50: | +12.87% | |
| Price / MA100: | +32.81% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | -0.92% | |
| Price / MAexp100: | -1.79% |
Quotes :
2020-09-04 10:27:58
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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
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Silver Technical Analysis for December 08 2016 by FXEmpire.com
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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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