SILVER - USD - 1H - Technical analysis published on 07/27/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 25.31 USD
My targets
25.00 USD (-0.68%)
24.78 USD (-1.55%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 25.31 USD remains possible. It is advisable to trade SILVER - USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 25.31 USD. The next bearish objective for sellers is set at 25.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.78 USD. In case of crossing, the next objective would be the support located at 24.02 USD. PS: if there is a bullish break in the resistance located at 25.31 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5
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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 25.17 USD. On the day, this instrument gained +0.00% and was traded between 25.06 USD and 25.27 USD over the period. The price is currently at +0.44% from its lowest and -0.40% from its highest.25.06
25.27
25.17
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 bearish. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.02 | 24.78 | 25.00 | 25.17 | 25.31 | 25.78 | 26.17 |
| Change (%) | -4.57% | -1.55% | -0.68% | - | +0.56% | +2.42% | +3.97% |
| Change | -1.15 | -0.39 | -0.17 | - | +0.14 | +0.61 | +1.00 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.71 | 24.91 | 25.04 | 25.24 | 25.37 | 25.57 | 25.70 |
| Camarilla | 25.08 | 25.11 | 25.14 | 25.17 | 25.20 | 25.23 | 25.26 |
| Woodie | 24.68 | 24.89 | 25.01 | 25.22 | 25.34 | 25.55 | 25.67 |
| Fibonacci | 24.91 | 25.04 | 25.11 | 25.24 | 25.37 | 25.44 | 25.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.69 | 24.22 | 24.70 | 25.23 | 25.71 | 26.24 | 26.72 |
| Camarilla | 24.90 | 25.00 | 25.09 | 25.18 | 25.27 | 25.37 | 25.46 |
| Woodie | 23.67 | 24.21 | 24.68 | 25.22 | 25.69 | 26.23 | 26.70 |
| Fibonacci | 24.22 | 24.61 | 24.84 | 25.23 | 25.62 | 25.85 | 26.24 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.86 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -9.18 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 25.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.26 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 25.35 | |
| Zig ZAG (10): | 25.13 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 36.51 | |
| TEMA (21): | 25.13 | |
| Williams %R (14): | -52.38 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.34 |
| MA7: | 25.19 | |
| MA20: | 25.80 | |
| MA50: | 26.65 | |
| MA100: | 26.33 | |
| MAexp7: | 25.15 | |
| MAexp20: | 25.17 | |
| MAexp50: | 25.21 | |
| MAexp100: | 25.25 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | -2.44% | |
| Price / MA50: | -5.55% | |
| Price / MA100: | -4.41% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.32% |
Quotes :
-
Real time data
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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:
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Silver Prices forecast for the week of December 12 2016, Technical Analysis
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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.
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