SILVER - USD - 1H - Technical analysis published on 01/09/2021 (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 bearish
De fond:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 25.94 USD
My targets
25.04 USD (-1.58%)
23.55 USD (-7.43%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SILVER - USD as long as the price remains well below 25.94 USD. The sellers” bearish objective is set at 25.04 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 23.55 USD. In case of crossing, the next objective would be the support located at 22.65 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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Additional analysis
Quotes
The SILVER - USD price is 25.44 USD. The price registered a decrease of -6.37% on the session and was traded between 24.47 USD and 27.21 USD over the period. The price is currently at +3.96% from its lowest and -6.50% from its highest.24.47
27.21
25.44
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SILVER - USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 18.30 | 20.70 | 22.65 | 25.44 | 26.35 | 26.72 | 27.57 |
Change (%) | -28.07% | -18.63% | -10.97% | - | +3.58% | +5.03% | +8.37% |
Change | -7.14 | -4.74 | -2.79 | - | +0.91 | +1.28 | +2.13 |
Level | Intermediate | Major | Intermediate | - | Major | Intermediate | Minor |
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 | 26.48 | 26.70 | 26.93 | 27.15 | 27.38 | 27.60 | 27.83 |
Camarilla | 27.05 | 27.09 | 27.13 | 27.17 | 27.21 | 27.25 | 27.29 |
Woodie | 26.50 | 26.70 | 26.95 | 27.15 | 27.40 | 27.60 | 27.85 |
Fibonacci | 26.70 | 26.87 | 26.98 | 27.15 | 27.32 | 27.43 | 27.60 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 25.04 | 25.45 | 25.94 | 26.35 | 26.84 | 27.25 | 27.74 |
Camarilla | 26.17 | 26.26 | 26.34 | 26.42 | 26.50 | 26.59 | 26.67 |
Woodie | 25.07 | 25.47 | 25.97 | 26.37 | 26.87 | 27.27 | 27.77 |
Fibonacci | 25.45 | 25.80 | 26.01 | 26.35 | 26.70 | 26.91 | 27.25 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 18.75 | 20.68 | 23.55 | 25.48 | 28.35 | 30.28 | 33.15 |
Camarilla | 25.10 | 25.54 | 25.98 | 26.42 | 26.86 | 27.30 | 27.74 |
Woodie | 19.22 | 20.92 | 24.02 | 25.72 | 28.82 | 30.52 | 33.62 |
Fibonacci | 20.68 | 22.51 | 23.65 | 25.48 | 27.31 | 28.45 | 30.28 |
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): | 31.05 | |
MACD (12,26,9): | -0.4800 | |
Directional Movement: | -27.19 | |
AROON (14): | -78.57 | |
DEMA (21): | 25.47 | |
Parabolic SAR (0,02-0,02-0,2): | 24.47 | |
Elder Ray (13): | -0.41 | |
Super Trend (3,10): | 25.90 | |
Zig ZAG (10): | 25.44 | |
VORTEX (21): | 0.7400 | |
Stochastique (14,3,5): | 34.53 | |
TEMA (21): | 25.17 | |
Williams %R (14): | -60.41 | |
Chande Momentum Oscillator (20): | -1.12 | |
Repulse (5,40,3): | 1.1000 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.2000 | |
Courbe Coppock: | 11.02 |
MA7: | 26.82 | |
MA20: | 25.83 | |
MA50: | 24.76 | |
MA100: | 25.08 | |
MAexp7: | 25.47 | |
MAexp20: | 26.04 | |
MAexp50: | 26.58 | |
MAexp100: | 26.78 | |
Price / MA7: | -5.15% | |
Price / MA20: | -1.51% | |
Price / MA50: | +2.75% | |
Price / MA100: | +1.44% | |
Price / MAexp7: | -0.12% | |
Price / MAexp20: | -2.30% | |
Price / MAexp50: | -4.29% | |
Price / MAexp100: | -5.00% |
Quotes :
2021-01-08 21:59:57
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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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