SILVER - USD - 1H - Technical analysis published on 07/20/2021 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 25.35 USD
My targets
24.99 USD (-0.60%)
24.02 USD (-4.46%)
My analysis
SILVER - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 25.35 USD. The next support located at 24.99 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 24.02 USD. Below this support, sellers could then target 23.31 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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This analysis was given by emc3. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD rating is 25.14 USD. The price registered a decrease of -0.12% on the session and was traded between 25.04 USD and 25.28 USD over the period. The price is currently at +0.40% from its lowest and -0.55% from its highest.25.04
25.28
25.14
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SILVER - USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.31 | 24.02 | 24.99 | 25.14 | 25.16 | 25.78 | 25.94 |
| Change (%) | -7.28% | -4.46% | -0.60% | - | +0.08% | +2.55% | +3.18% |
| Change | -1.83 | -1.12 | -0.15 | - | +0.02 | +0.64 | +0.80 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | 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 | 24.08 | 24.54 | 24.85 | 25.31 | 25.62 | 26.08 | 26.39 |
| Camarilla | 24.96 | 25.03 | 25.10 | 25.17 | 25.24 | 25.31 | 25.38 |
| Woodie | 24.02 | 24.50 | 24.79 | 25.27 | 25.56 | 26.04 | 26.33 |
| Fibonacci | 24.54 | 24.83 | 25.01 | 25.31 | 25.60 | 25.78 | 26.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.47 | 25.03 | 25.35 | 25.91 | 26.23 | 26.79 | 27.11 |
| Camarilla | 25.43 | 25.51 | 25.59 | 25.67 | 25.75 | 25.83 | 25.91 |
| Woodie | 24.35 | 24.97 | 25.23 | 25.85 | 26.11 | 26.73 | 26.99 |
| Fibonacci | 25.03 | 25.37 | 25.57 | 25.91 | 26.25 | 26.45 | 26.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.85 | 23.69 | 24.89 | 26.73 | 27.93 | 29.77 | 30.97 |
| Camarilla | 25.26 | 25.54 | 25.82 | 26.10 | 26.38 | 26.66 | 26.94 |
| Woodie | 21.54 | 23.53 | 24.58 | 26.57 | 27.62 | 29.61 | 30.66 |
| Fibonacci | 23.69 | 24.85 | 25.57 | 26.73 | 27.89 | 28.61 | 29.77 |
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): | 38.81 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -15.72 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 25.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.26 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 25.42 | |
| Zig ZAG (10): | 25.13 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 25.11 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 0.06 |
| MA7: | 25.81 | |
| MA20: | 25.99 | |
| MA50: | 26.89 | |
| MA100: | 26.36 | |
| MAexp7: | 25.13 | |
| MAexp20: | 25.19 | |
| MAexp50: | 25.43 | |
| MAexp100: | 25.68 | |
| Price / MA7: | -2.60% | |
| Price / MA20: | -3.27% | |
| Price / MA50: | -6.51% | |
| Price / MA100: | -4.63% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -1.14% | |
| Price / MAexp100: | -2.10% |
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
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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.
About author
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