SILVER - USD - 1H - Technical analysis published on 10/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 23.68 USD
My targets
24.52 USD (+1.11%)
25.45 USD (+4.95%)
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 above the support located at 23.68 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 24.52 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 25.45 USD as an objective. Crossing it would then enable buyers to target 26.35 USD. If the support 23.68 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
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 24.25 USD. The price is lower by -0.41% since the last closing and was traded between 24.18 USD and 24.44 USD over the period. The price is currently at +0.29% from its lowest and -0.78% from its highest.24.18
24.44
24.25
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:
Technical
Technical analysis of this 1H chart of SILVER - USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 9 are neutral and 3 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 22.51 | 23.68 | 24.19 | 24.25 | 24.52 | 26.35 | 29.77 |
| Change (%) | -7.18% | -2.35% | -0.25% | - | +1.11% | +8.66% | +22.76% |
| Change | -1.74 | -0.57 | -0.06 | - | +0.27 | +2.10 | +5.52 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.01 | 23.34 | 23.85 | 24.18 | 24.69 | 25.02 | 25.53 |
| Camarilla | 24.12 | 24.20 | 24.27 | 24.35 | 24.43 | 24.50 | 24.58 |
| Woodie | 23.09 | 23.39 | 23.93 | 24.23 | 24.77 | 25.07 | 25.61 |
| Fibonacci | 23.34 | 23.66 | 23.86 | 24.18 | 24.50 | 24.70 | 25.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.79 | 21.65 | 22.69 | 23.55 | 24.59 | 25.45 | 26.49 |
| Camarilla | 23.21 | 23.38 | 23.56 | 23.73 | 23.90 | 24.08 | 24.25 |
| Woodie | 20.88 | 21.70 | 22.78 | 23.60 | 24.68 | 25.50 | 26.58 |
| Fibonacci | 21.65 | 22.38 | 22.82 | 23.55 | 24.28 | 24.72 | 25.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.14 | 17.40 | 20.38 | 24.64 | 27.62 | 31.88 | 34.86 |
| Camarilla | 21.37 | 22.03 | 22.70 | 23.36 | 24.02 | 24.69 | 25.35 |
| Woodie | 12.50 | 17.08 | 19.74 | 24.32 | 26.98 | 31.56 | 34.22 |
| Fibonacci | 17.40 | 20.17 | 21.87 | 24.64 | 27.41 | 29.11 | 31.88 |
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): | 52.66 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 13.14 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 24.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.46 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 23.95 | |
| Zig ZAG (10): | 24.33 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 34.27 | |
| TEMA (21): | 24.35 | |
| Williams %R (14): | -46.15 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.17 |
| MA7: | 23.94 | |
| MA20: | 25.04 | |
| MA50: | 26.08 | |
| MA100: | 22.36 | |
| MAexp7: | 24.30 | |
| MAexp20: | 24.26 | |
| MAexp50: | 24.12 | |
| MAexp100: | 23.95 | |
| Price / MA7: | +1.29% | |
| Price / MA20: | -3.15% | |
| Price / MA50: | -7.02% | |
| Price / MA100: | +8.45% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.54% | |
| Price / MAexp100: | +1.25% |
Quotes :
2020-10-06 10:07:31
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Real time data
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Gold & Silver Spot
News
Don"t forget to follow the news on SILVER - USD. At the time of publication of this analysis, the latest news was as follows:
-
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
-
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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