SILVER - USD - 1H - Technical analysis published on 09/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
44%
17%
39%
My opinion
Bullish above 22.43 USD
My targets
23.49 USD (+1.08%)
23.84 USD (+2.58%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SILVER - USD as long as the price remains well above 22.43 USD. The buyers” bullish objective is set at 23.49 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.84 USD. If there is any crossing, the next objective would be the resistance located at 25.24 USD.
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
2.7
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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 price is 23.24 USD. On the day, this instrument gained +1.53% and was between 22.51 USD and 23.50 USD. This implies that the price is at +3.24% from its lowest and at -1.11% from its highest.22.51
23.50
23.24
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 1H shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.70 | 21.66 | 22.43 | 23.24 | 23.49 | 25.24 | 26.35 |
| Change (%) | -10.93% | -6.80% | -3.49% | - | +1.08% | +8.61% | +13.38% |
| Change | -2.54 | -1.58 | -0.81 | - | +0.25 | +2.00 | +3.11 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 21.56 | 22.00 | 22.44 | 22.88 | 23.32 | 23.76 | 24.20 |
| Camarilla | 22.65 | 22.73 | 22.81 | 22.89 | 22.97 | 23.05 | 23.13 |
| Woodie | 21.57 | 22.00 | 22.45 | 22.88 | 23.33 | 23.76 | 24.21 |
| Fibonacci | 22.00 | 22.33 | 22.54 | 22.88 | 23.21 | 23.42 | 23.76 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.40 | 18.53 | 20.71 | 23.84 | 26.02 | 29.15 | 31.33 |
| Camarilla | 21.43 | 21.92 | 22.40 | 22.89 | 23.38 | 23.86 | 24.35 |
| Woodie | 14.93 | 18.29 | 20.24 | 23.60 | 25.55 | 28.91 | 30.86 |
| Fibonacci | 18.53 | 20.56 | 21.81 | 23.84 | 25.87 | 27.12 | 29.15 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.35 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 3.57 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 23.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.61 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 24.31 | |
| Zig ZAG (10): | 23.40 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 16.55 | |
| TEMA (21): | 23.05 | |
| Williams %R (14): | -78.89 | |
| Chande Momentum Oscillator (20): | -3.26 | |
| Repulse (5,40,3): | 2.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.04 |
| MA7: | 23.95 | |
| MA20: | 25.97 | |
| MA50: | 26.00 | |
| MA100: | 21.89 | |
| MAexp7: | 23.05 | |
| MAexp20: | 23.03 | |
| MAexp50: | 23.05 | |
| MAexp100: | 23.44 | |
| Price / MA7: | -2.96% | |
| Price / MA20: | -10.51% | |
| Price / MA50: | -10.62% | |
| Price / MA100: | +6.17% | |
| Price / MAexp7: | +0.82% | |
| Price / MAexp20: | +0.91% | |
| Price / MAexp50: | +0.82% | |
| Price / MAexp100: | -0.85% |
Quotes :
2020-09-28 13:54:34
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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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