SILVER - USD - 1H - Technical analysis published on 11/05/2020 (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:
Bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 23.58 USD
My targets
24.39 USD (+1.46%)
24.62 USD (+2.41%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on SILVER - USD. This is a positive signal for buyers. As long as the price remains above 23.58 USD, a purchase could be considered. The first bullish objective is located at 24.39 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 24.62 USD as an objective. Crossing it would then enable buyers to target 25.02 USD. In the event of a return below 23.58 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
5.7
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Additional analysis
Quotes
The SILVER - USD rating is 24.04 USD. The price has increased by +0.38% since the last closing and was traded between 23.92 USD and 24.05 USD over the period. The price is currently at +0.50% from its lowest and -0.04% from its highest.23.92
24.05
24.04
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this SILVER - USD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
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 | 22.59 | 23.17 | 23.58 | 24.04 | 24.09 | 24.39 | 24.62 |
| Change (%) | -6.03% | -3.62% | -1.91% | - | +0.21% | +1.46% | +2.41% |
| Change | -1.45 | -0.87 | -0.46 | - | +0.05 | +0.35 | +0.58 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Intermediate |
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 | 22.00 | 22.61 | 23.28 | 23.89 | 24.56 | 25.17 | 25.84 |
| Camarilla | 23.60 | 23.72 | 23.83 | 23.95 | 24.07 | 24.19 | 24.30 |
| Woodie | 22.03 | 22.63 | 23.31 | 23.91 | 24.59 | 25.19 | 25.87 |
| Fibonacci | 22.61 | 23.10 | 23.40 | 23.89 | 24.38 | 24.68 | 25.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.59 | 21.59 | 22.62 | 23.62 | 24.65 | 25.65 | 26.68 |
| Camarilla | 23.09 | 23.28 | 23.46 | 23.65 | 23.84 | 24.02 | 24.21 |
| Woodie | 20.61 | 21.60 | 22.64 | 23.63 | 24.67 | 25.66 | 26.70 |
| Fibonacci | 21.59 | 22.37 | 22.85 | 23.62 | 24.40 | 24.88 | 25.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.34 | 20.96 | 22.31 | 23.93 | 25.28 | 26.90 | 28.25 |
| Camarilla | 22.83 | 23.11 | 23.38 | 23.65 | 23.92 | 24.20 | 24.47 |
| Woodie | 19.20 | 20.89 | 22.17 | 23.86 | 25.14 | 26.83 | 28.11 |
| Fibonacci | 20.96 | 22.10 | 22.80 | 23.93 | 25.07 | 25.77 | 26.90 |
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): | 51.45 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -2.22 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 23.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.74 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 24.40 | |
| Zig ZAG (10): | 23.99 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 55.57 | |
| TEMA (21): | 23.91 | |
| Williams %R (14): | -37.70 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.37 |
| MA7: | 23.83 | |
| MA20: | 24.29 | |
| MA50: | 25.04 | |
| MA100: | 23.82 | |
| MAexp7: | 23.94 | |
| MAexp20: | 23.92 | |
| MAexp50: | 23.93 | |
| MAexp100: | 23.92 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | -1.03% | |
| Price / MA50: | -3.99% | |
| Price / MA100: | +0.92% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +0.46% | |
| Price / MAexp100: | +0.50% |
Quotes :
2020-11-05 00:16:59
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Real time data
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Gold & Silver Spot
News
The last news published on SILVER - USD at the time of the generation of this analysis 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
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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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