SILVER - USD - 1H - Technical analysis published on 07/21/2021 (GMT)
- 171
- 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
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 24.99 USD
My targets
25.78 USD (+2.22%)
25.94 USD (+2.85%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SILVER - USD as long as the price remains well above 24.99 USD. The buyers' bullish objective is set at 25.78 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.94 USD. If there is any crossing, the next objective would be the resistance located at 26.35 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 25.78 USD. On this resistance, against the trend traders who would like to go short on SILVER - USD with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.9
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 emc3. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - USD rating 25.22 USD. On the day, this instrument gained +1.00% and was between 24.75 USD and 25.22 USD. This implies that the price is at +1.90% from its lowest and at 0% from its highest.24.75
25.22
25.22
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SILVER - USD chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 24.81 | 24.99 | 25.16 | 25.22 | 25.78 | 25.94 | 26.35 |
| Change (%) | -1.63% | -0.91% | -0.24% | - | +2.22% | +2.85% | +4.48% |
| Change | -0.41 | -0.23 | -0.06 | - | +0.56 | +0.72 | +1.13 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.29 | 24.55 | 24.76 | 25.02 | 25.23 | 25.49 | 25.70 |
| Camarilla | 24.84 | 24.88 | 24.93 | 24.97 | 25.01 | 25.06 | 25.10 |
| Woodie | 24.27 | 24.54 | 24.74 | 25.01 | 25.21 | 25.48 | 25.68 |
| Fibonacci | 24.55 | 24.73 | 24.84 | 25.02 | 25.20 | 25.31 | 25.49 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.10 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 8.12 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 24.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.79 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 24.76 | |
| Zig ZAG (10): | 25.19 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 88.67 | |
| TEMA (21): | 25.04 | |
| Williams %R (14): | -2.13 | |
| Chande Momentum Oscillator (20): | 0.29 | |
| Repulse (5,40,3): | 1.2600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.25 |
| MA7: | 25.62 | |
| MA20: | 25.95 | |
| MA50: | 26.85 | |
| MA100: | 26.34 | |
| MAexp7: | 25.02 | |
| MAexp20: | 25.01 | |
| MAexp50: | 25.16 | |
| MAexp100: | 25.42 | |
| Price / MA7: | -1.56% | |
| Price / MA20: | -2.81% | |
| Price / MA50: | -6.07% | |
| Price / MA100: | -4.25% | |
| Price / MAexp7: | +0.80% | |
| Price / MAexp20: | +0.84% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | -0.79% |
Quotes :
-
Real time data
-
Gold & Silver Spot
News
The last news published on SILVER - USD at the time of the generation of this analysis 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