SILVER - USD - 1H - Technical analysis published on 10/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 24.52 USD
My targets
25.27 USD (+1.12%)
25.56 USD (+2.28%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 24.52 USD remains possible. It is advisable to trade SILVER - USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 24.52 USD. The next bullish objective for buyers is set at 25.27 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.56 USD. If there is any crossing, the next objective would be the resistance located at 26.35 USD. PS: if there is a bearish break in the support located at 24.52 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.5
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Additional analysis
Quotes
The SILVER - USD rating is 24.99 USD. On the day, this instrument lost -0.76% and was traded between 24.60 USD and 25.18 USD over the period. The price is currently at +1.59% from its lowest and -0.75% from its highest.24.60
25.18
24.99
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Technical
Technical analysis of SILVER - USD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
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, 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 | 23.36 | 23.68 | 24.52 | 24.99 | 25.27 | 25.56 | 26.35 |
| Change (%) | -6.52% | -5.24% | -1.88% | - | +1.12% | +2.28% | +5.44% |
| Change | -1.63 | -1.31 | -0.47 | - | +0.28 | +0.57 | +1.36 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.71 | 24.83 | 25.01 | 25.13 | 25.31 | 25.43 | 25.61 |
| Camarilla | 25.10 | 25.13 | 25.15 | 25.18 | 25.21 | 25.24 | 25.26 |
| Woodie | 24.73 | 24.85 | 25.03 | 25.15 | 25.33 | 25.45 | 25.63 |
| Fibonacci | 24.83 | 24.95 | 25.02 | 25.13 | 25.25 | 25.32 | 25.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.31 | 22.09 | 23.62 | 24.40 | 25.93 | 26.71 | 28.24 |
| Camarilla | 24.52 | 24.73 | 24.94 | 25.15 | 25.36 | 25.57 | 25.79 |
| Woodie | 21.69 | 22.28 | 24.00 | 24.59 | 26.31 | 26.90 | 28.62 |
| Fibonacci | 22.09 | 22.97 | 23.52 | 24.40 | 25.28 | 25.83 | 26.71 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.15 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.59 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 24.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.17 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 24.38 | |
| Zig ZAG (10): | 24.98 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 64.41 | |
| TEMA (21): | 24.91 | |
| Williams %R (14): | -30.51 | |
| Chande Momentum Oscillator (20): | -0.18 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.00 |
| MA7: | 24.38 | |
| MA20: | 24.40 | |
| MA50: | 26.07 | |
| MA100: | 22.72 | |
| MAexp7: | 24.95 | |
| MAexp20: | 24.95 | |
| MAexp50: | 24.85 | |
| MAexp100: | 24.60 | |
| Price / MA7: | +2.50% | |
| Price / MA20: | +2.42% | |
| Price / MA50: | -4.14% | |
| Price / MA100: | +9.99% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +1.59% |
Quotes :
2020-10-13 11:17:27
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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
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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
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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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