SILVER - USD - 1H - Technical analysis published on 12/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 24.87 USD
My targets
26.05 USD (+3.54%)
26.35 USD (+4.73%)
My analysis
The bullish trend is currently very strong on SILVER - USD. As long as the price remains above the support at 24.87 USD, you could try to benefit from the boom. The first bullish objective is located at 26.05 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 26.35 USD as an objective. Crossing it would then enable buyers to target 28.30 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.9
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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 25.16 USD. The price registered an increase of +2.74% on the session with the lowest point at 24.44 USD and the highest point at 25.18 USD. The deviation from the price is +2.95% for the low point and -0.08% for the high point.24.44
25.18
25.16
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 strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.56 | 24.68 | 24.87 | 25.16 | 26.35 | 28.30 | 29.77 |
| Change (%) | -2.38% | -1.91% | -1.15% | - | +4.73% | +12.48% | +18.32% |
| Change | -0.60 | -0.48 | -0.29 | - | +1.19 | +3.14 | +4.61 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.30 | 23.56 | 24.03 | 24.29 | 24.76 | 25.02 | 25.49 |
| Camarilla | 24.29 | 24.36 | 24.42 | 24.49 | 24.56 | 24.62 | 24.69 |
| Woodie | 23.40 | 23.61 | 24.13 | 24.34 | 24.86 | 25.07 | 25.59 |
| Fibonacci | 23.56 | 23.84 | 24.01 | 24.29 | 24.57 | 24.74 | 25.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.00 | 22.76 | 23.35 | 24.11 | 24.70 | 25.46 | 26.05 |
| Camarilla | 23.57 | 23.69 | 23.82 | 23.94 | 24.06 | 24.19 | 24.31 |
| Woodie | 21.92 | 22.72 | 23.27 | 24.07 | 24.62 | 25.42 | 25.97 |
| Fibonacci | 22.76 | 23.28 | 23.59 | 24.11 | 24.63 | 24.94 | 25.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.90 | 19.40 | 21.02 | 23.52 | 25.14 | 27.64 | 29.26 |
| Camarilla | 21.52 | 21.90 | 22.27 | 22.65 | 23.03 | 23.41 | 23.78 |
| Woodie | 16.47 | 19.18 | 20.59 | 23.30 | 24.71 | 27.42 | 28.83 |
| Fibonacci | 19.40 | 20.97 | 21.94 | 23.52 | 25.09 | 26.06 | 27.64 |
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): | 82.04 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 34.58 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 24.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.71 | |
| Elder Ray (13): | 0.31 | |
| Super Trend (3,10): | 24.60 | |
| Zig ZAG (10): | 25.11 | |
| VORTEX (21): | 1.2700 | |
| Stochastique (14,3,5): | 87.65 | |
| TEMA (21): | 24.93 | |
| Williams %R (14): | -2.90 | |
| Chande Momentum Oscillator (20): | 0.63 | |
| Repulse (5,40,3): | 1.6700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 2.89 |
| MA7: | 24.26 | |
| MA20: | 23.86 | |
| MA50: | 24.18 | |
| MA100: | 25.11 | |
| MAexp7: | 24.85 | |
| MAexp20: | 24.61 | |
| MAexp50: | 24.36 | |
| MAexp100: | 24.23 | |
| Price / MA7: | +3.71% | |
| Price / MA20: | +5.45% | |
| Price / MA50: | +4.05% | |
| Price / MA100: | +0.20% | |
| Price / MAexp7: | +1.25% | |
| Price / MAexp20: | +2.23% | |
| Price / MAexp50: | +3.28% | |
| Price / MAexp100: | +3.84% |
Quotes :
2020-12-16 10:05:05
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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:
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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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