SILVER - USD - Daily - Technical analysis published on 10/15/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
28%
44%
28%
My opinion
Bearish under 24.32 USD
My targets
22.09 USD (-7.69%)
20.70 USD (-13.50%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for SILVER - USD as long as the price remains well below 24.32 USD. The sellers” bearish objective is set at 22.09 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20.70 USD. If there is any crossing, the next objective would be the support located at 18.57 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.3
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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 23.93 USD. On the day, this instrument lost -0.99% and was traded between 23.63 USD and 24.22 USD over the period. The price is currently at +1.27% from its lowest and -1.20% from its highest.23.63
24.22
23.93
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Technical
Technical analysis of SILVER - USD in Daily shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 15.65 | 18.57 | 20.70 | 23.93 | 24.32 | 26.35 | 29.77 |
Change (%) | -34.60% | -22.40% | -13.50% | - | +1.63% | +10.11% | +24.40% |
Change | -8.28 | -5.36 | -3.23 | - | +0.39 | +2.42 | +5.84 |
Level | Intermediate | Major | Major | - | Intermediate | 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 | 23.04 | 23.46 | 23.81 | 24.23 | 24.58 | 25.00 | 25.35 |
Camarilla | 23.96 | 24.03 | 24.10 | 24.17 | 24.24 | 24.31 | 24.38 |
Woodie | 23.02 | 23.44 | 23.79 | 24.21 | 24.56 | 24.98 | 25.33 |
Fibonacci | 23.46 | 23.75 | 23.93 | 24.23 | 24.52 | 24.70 | 25.00 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 44.09 | |
MACD (12,26,9): | -0.4000 | |
Directional Movement: | -10.77 | |
AROON (14): | 78.57 | |
DEMA (21): | 23.90 | |
Parabolic SAR (0,02-0,02-0,2): | 22.14 | |
Elder Ray (13): | -0.33 | |
Super Trend (3,10): | 26.63 | |
Zig ZAG (10): | 23.82 | |
VORTEX (21): | 0.8700 | |
Stochastique (14,3,5): | 59.40 | |
TEMA (21): | 23.65 | |
Williams %R (14): | -52.36 | |
Chande Momentum Oscillator (20): | -0.44 | |
Repulse (5,40,3): | -2.5900 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.3300 | |
Courbe Coppock: | 2.54 |
MA7: | 24.31 | |
MA20: | 24.05 | |
MA50: | 25.88 | |
MA100: | 22.84 | |
MAexp7: | 24.19 | |
MAexp20: | 24.45 | |
MAexp50: | 24.54 | |
MAexp100: | 23.10 | |
Price / MA7: | -1.56% | |
Price / MA20: | -0.50% | |
Price / MA50: | -7.53% | |
Price / MA100: | +4.77% | |
Price / MAexp7: | -1.07% | |
Price / MAexp20: | -2.13% | |
Price / MAexp50: | -2.49% | |
Price / MAexp100: | +3.59% |
Quotes :
2020-10-15 10:35:04
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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
- 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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