SILVER - USD - 1H - Technical analysis published on 05/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 27.58 USD
My targets
27.14 USD (-0.88%)
26.72 USD (-2.41%)
My analysis
In the short term, we can see an acceleration in the bearish trend on SILVER - USD, which is a positive signal for sellers. As long as the price remains above 27.58 USD, a sale could be considered. The first bearish objective is located at 27.14 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 26.72 USD as an objective. Crossing it would then enable sellers to target 26.35 USD. If the price were to return above 27.58 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.4
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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 27.38 USD. On the day, this instrument lost -2.77% and was between 27.36 USD and 28.23 USD. This implies that the price is at +0.07% from its lowest and at -3.01% from its highest.27.36
28.23
27.38
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (5 years)
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 bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.35 | 26.72 | 27.14 | 27.38 | 27.58 | 28.00 | 28.29 |
| Change (%) | -3.76% | -2.41% | -0.88% | - | +0.73% | +2.26% | +3.32% |
| Change | -1.03 | -0.66 | -0.24 | - | +0.20 | +0.62 | +0.91 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
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 | 27.11 | 27.55 | 27.86 | 28.30 | 28.61 | 29.05 | 29.36 |
| Camarilla | 27.95 | 28.02 | 28.09 | 28.16 | 28.23 | 28.30 | 28.37 |
| Woodie | 27.04 | 27.52 | 27.79 | 28.27 | 28.54 | 29.02 | 29.29 |
| Fibonacci | 27.55 | 27.84 | 28.02 | 28.30 | 28.59 | 28.77 | 29.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.64 | 26.18 | 26.80 | 27.34 | 27.96 | 28.50 | 29.12 |
| Camarilla | 27.10 | 27.21 | 27.31 | 27.42 | 27.53 | 27.63 | 27.74 |
| Woodie | 25.68 | 26.20 | 26.84 | 27.36 | 28.00 | 28.52 | 29.16 |
| Fibonacci | 26.18 | 26.62 | 26.90 | 27.34 | 27.78 | 28.06 | 28.50 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 26.98 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | -24.16 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 27.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.10 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 28.11 | |
| Zig ZAG (10): | 27.49 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 9.34 | |
| TEMA (21): | 27.67 | |
| Williams %R (14): | -94.74 | |
| Chande Momentum Oscillator (20): | -0.65 | |
| Repulse (5,40,3): | -1.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.73 |
| MA7: | 27.58 | |
| MA20: | 26.89 | |
| MA50: | 26.05 | |
| MA100: | 26.26 | |
| MAexp7: | 27.77 | |
| MAexp20: | 27.98 | |
| MAexp50: | 28.00 | |
| MAexp100: | 27.82 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | +1.82% | |
| Price / MA50: | +5.11% | |
| Price / MA100: | +4.27% | |
| Price / MAexp7: | -1.40% | |
| Price / MAexp20: | -2.14% | |
| Price / MAexp50: | -2.21% | |
| Price / MAexp100: | -1.58% |
Quotes :
-
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
-
Silver Technical Analysis for December 12 2016 by FXEmpire.com
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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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