SILVER - USD - 1H - Technical analysis published on 03/23/2021 (GMT)
- 194
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- 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 bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 25.41 USD
My targets
24.91 USD (-1.10%)
24.23 USD (-3.81%)
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 25.41 USD. The sellers” bearish objective is set at 24.91 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.23 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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 25.19 USD. The price registered a decrease of -2.36% on the session and was traded between 25.15 USD and 25.83 USD over the period. The price is currently at +0.16% from its lowest and -2.48% from its highest.25.15
25.83
25.19
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
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
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Long black line
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.65 | 24.23 | 25.16 | 25.19 | 25.41 | 25.57 | 25.84 |
| Change (%) | -10.08% | -3.81% | -0.12% | - | +0.87% | +1.51% | +2.58% |
| Change | -2.54 | -0.96 | -0.03 | - | +0.22 | +0.38 | +0.65 |
| Level | Major | Minor | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.94 | 25.17 | 25.49 | 25.72 | 26.04 | 26.27 | 26.59 |
| Camarilla | 25.65 | 25.70 | 25.75 | 25.80 | 25.85 | 25.90 | 25.95 |
| Woodie | 24.98 | 25.19 | 25.53 | 25.74 | 26.08 | 26.29 | 26.63 |
| Fibonacci | 25.17 | 25.38 | 25.51 | 25.72 | 25.93 | 26.06 | 26.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.91 | 25.34 | 25.79 | 26.22 | 26.67 | 27.10 | 27.55 |
| Camarilla | 26.01 | 26.09 | 26.17 | 26.25 | 26.33 | 26.41 | 26.49 |
| Woodie | 24.93 | 25.35 | 25.81 | 26.23 | 26.69 | 27.11 | 27.57 |
| Fibonacci | 25.34 | 25.67 | 25.88 | 26.22 | 26.55 | 26.76 | 27.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.85 | 23.37 | 25.03 | 27.55 | 29.21 | 31.73 | 33.39 |
| Camarilla | 25.53 | 25.91 | 26.30 | 26.68 | 27.06 | 27.45 | 27.83 |
| Woodie | 20.41 | 23.16 | 24.59 | 27.34 | 28.77 | 31.52 | 32.95 |
| Fibonacci | 23.37 | 24.97 | 25.96 | 27.55 | 29.15 | 30.14 | 31.73 |
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): | 34.67 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -20.20 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 25.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.73 | |
| Elder Ray (13): | -0.24 | |
| Super Trend (3,10): | 25.71 | |
| Zig ZAG (10): | 25.24 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 21.18 | |
| TEMA (21): | 25.40 | |
| Williams %R (14): | -98.21 | |
| Chande Momentum Oscillator (20): | -0.40 | |
| Repulse (5,40,3): | -1.7300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.97 |
| MA7: | 25.98 | |
| MA20: | 26.15 | |
| MA50: | 26.37 | |
| MA100: | 25.60 | |
| MAexp7: | 25.51 | |
| MAexp20: | 25.56 | |
| MAexp50: | 25.70 | |
| MAexp100: | 25.83 | |
| Price / MA7: | -3.04% | |
| Price / MA20: | -3.67% | |
| Price / MA50: | -4.47% | |
| Price / MA100: | -1.60% | |
| Price / MAexp7: | -1.25% | |
| Price / MAexp20: | -1.45% | |
| Price / MAexp50: | -1.98% | |
| Price / MAexp100: | -2.48% |
Quotes :
2021-03-23 14:07:46
-
Real time data
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SILVER - USD - 1H