SILVER - USD - 15 min. - Technical analysis published on 11/27/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
72%
6%
22%
My opinion
Bullish above 23.29 USD
My targets
23.39 USD (+0.36%)
23.59 USD (+1.19%)
My analysis
The strong short-term increase in SILVER - USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 23.29 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 23.39 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 23.59 USD as an objective. Crossing it would then enable buyers to target 23.69 USD. Caution, a return under 23.29 USD could jeopardize the reversal.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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
SILVER - USD rating 23.31 USD. The price has increased by +0.47% since the last closing with the lowest point at 23.07 USD and the highest point at 23.33 USD. The deviation from the price is +1.04% for the low point and -0.09% for the high point.23.07
23.33
23.31
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 15 min. shows an overall slightly bearish trend. 50.00% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
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 | 18.57 | 20.70 | 22.92 | 23.31 | 23.32 | 23.53 | 24.33 |
| Change (%) | -20.33% | -11.20% | -1.67% | - | +0.04% | +0.94% | +4.38% |
| Change | -4.74 | -2.61 | -0.39 | - | +0.01 | +0.22 | +1.02 |
| Level | Major | Major | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.79 | 22.99 | 23.09 | 23.29 | 23.39 | 23.59 | 23.69 |
| Camarilla | 23.12 | 23.15 | 23.17 | 23.20 | 23.23 | 23.26 | 23.28 |
| Woodie | 22.75 | 22.97 | 23.05 | 23.27 | 23.35 | 23.57 | 23.65 |
| Fibonacci | 22.99 | 23.10 | 23.17 | 23.29 | 23.40 | 23.47 | 23.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.06 | 22.85 | 23.51 | 24.30 | 24.96 | 25.75 | 26.41 |
| Camarilla | 23.78 | 23.91 | 24.05 | 24.18 | 24.31 | 24.45 | 24.58 |
| Woodie | 22.01 | 22.82 | 23.46 | 24.27 | 24.91 | 25.72 | 26.36 |
| Fibonacci | 22.85 | 23.40 | 23.74 | 24.30 | 24.85 | 25.19 | 25.75 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.41 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -5.56 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 23.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.07 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 23.31 | |
| Zig ZAG (10): | 23.27 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 91.97 | |
| TEMA (21): | 23.24 | |
| Williams %R (14): | -4.55 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.13 |
| MA7: | 23.54 | |
| MA20: | 24.15 | |
| MA50: | 24.09 | |
| MA100: | 24.80 | |
| MAexp7: | 23.24 | |
| MAexp20: | 23.22 | |
| MAexp50: | 23.25 | |
| MAexp100: | 23.28 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | -3.48% | |
| Price / MA50: | -3.24% | |
| Price / MA100: | -6.01% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.13% |
Quotes :
2020-11-27 08:07:33
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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:
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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
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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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