SILVER - USD - Daily - Technical analysis published on 05/03/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 26.35 USD
My targets
27.59 USD (+2.57%)
28.53 USD (+6.06%)
My analysis
SILVER - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 26.35 USD. The next resistance located at 27.59 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 28.53 USD. After this resistance, buyers could then target 29.77 USD.
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
7.1
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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 26.90 USD. The price registered an increase of +3.86% on the session and was traded between 25.80 USD and 26.96 USD over the period. The price is currently at +4.26% from its lowest and -0.22% from its highest.25.80
26.96
26.90
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Technical
Technical analysis of SILVER - USD in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.02 | 25.16 | 26.35 | 26.90 | 27.59 | 28.53 | 29.77 |
| Change (%) | -10.71% | -6.47% | -2.04% | - | +2.57% | +6.06% | +10.67% |
| Change | -2.88 | -1.74 | -0.55 | - | +0.69 | +1.63 | +2.87 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.35 | 25.57 | 25.74 | 25.96 | 26.13 | 26.35 | 26.52 |
| Camarilla | 25.79 | 25.83 | 25.86 | 25.90 | 25.94 | 25.97 | 26.01 |
| Woodie | 25.32 | 25.56 | 25.71 | 25.95 | 26.10 | 26.34 | 26.49 |
| Fibonacci | 25.57 | 25.72 | 25.81 | 25.96 | 26.11 | 26.20 | 26.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.81 | 25.26 | 25.58 | 26.03 | 26.35 | 26.80 | 27.12 |
| Camarilla | 25.69 | 25.76 | 25.83 | 25.90 | 25.97 | 26.04 | 26.11 |
| Woodie | 24.75 | 25.23 | 25.52 | 26.00 | 26.29 | 26.77 | 27.06 |
| Fibonacci | 25.26 | 25.55 | 25.74 | 26.03 | 26.32 | 26.51 | 26.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.15 | 23.19 | 24.55 | 25.59 | 26.95 | 27.99 | 29.35 |
| Camarilla | 25.24 | 25.46 | 25.68 | 25.90 | 26.12 | 26.34 | 26.56 |
| Woodie | 22.30 | 23.27 | 24.70 | 25.67 | 27.10 | 28.07 | 29.50 |
| Fibonacci | 23.19 | 24.11 | 24.68 | 25.59 | 26.51 | 27.08 | 27.99 |
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): | 62.36 | |
| MACD (12,26,9): | 0.2200 | |
| Directional Movement: | 13.99 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 26.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.50 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 24.51 | |
| Zig ZAG (10): | 26.92 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 77.85 | |
| TEMA (21): | 26.48 | |
| Williams %R (14): | -1.69 | |
| Chande Momentum Oscillator (20): | 1.10 | |
| Repulse (5,40,3): | 5.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 7.88 |
| MA7: | 26.24 | |
| MA20: | 25.81 | |
| MA50: | 25.86 | |
| MA100: | 26.00 | |
| MAexp7: | 26.28 | |
| MAexp20: | 25.95 | |
| MAexp50: | 25.85 | |
| MAexp100: | 25.63 | |
| Price / MA7: | +2.52% | |
| Price / MA20: | +4.22% | |
| Price / MA50: | +4.02% | |
| Price / MA100: | +3.46% | |
| Price / MAexp7: | +2.36% | |
| Price / MAexp20: | +3.66% | |
| Price / MAexp50: | +4.06% | |
| Price / MAexp100: | +4.96% |
Quotes :
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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:
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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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