SILVER - USD - Daily - Technical analysis published on 09/15/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 24.02 USD
My targets
22.65 USD (-4.63%)
22.05 USD (-7.16%)
My analysis
The bearish basic trend is very strong on SILVER - USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 24.02 USD. Crossing the first support at 22.65 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 22.05 USD as an objective. Crossing it would then enable sellers to target 20.70 USD. Caution, a return to above the resistance located at 24.02 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by sebanja. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD price is 23.75 USD. The price registered a decrease of -0.42% on the session and was traded between 23.66 USD and 23.86 USD over the period. The price is currently at +0.38% from its lowest and -0.46% from its highest.23.66
23.86
23.75
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this SILVER - USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.70 | 22.65 | 23.59 | 23.75 | 24.02 | 24.77 | 25.57 |
| Change (%) | -12.84% | -4.63% | -0.67% | - | +1.14% | +4.29% | +7.66% |
| Change | -3.05 | -1.10 | -0.16 | - | +0.27 | +1.02 | +1.82 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | 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 | 23.02 | 23.23 | 23.54 | 23.75 | 24.06 | 24.27 | 24.58 |
| Camarilla | 23.71 | 23.76 | 23.80 | 23.85 | 23.90 | 23.95 | 23.99 |
| Woodie | 23.07 | 23.26 | 23.59 | 23.78 | 24.11 | 24.30 | 24.63 |
| Fibonacci | 23.23 | 23.43 | 23.55 | 23.75 | 23.95 | 24.07 | 24.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.25 | 22.99 | 23.36 | 24.10 | 24.47 | 25.21 | 25.58 |
| Camarilla | 23.44 | 23.54 | 23.64 | 23.74 | 23.84 | 23.94 | 24.05 |
| Woodie | 22.08 | 22.90 | 23.19 | 24.01 | 24.30 | 25.12 | 25.41 |
| Fibonacci | 22.99 | 23.41 | 23.67 | 24.10 | 24.52 | 24.78 | 25.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.21 | 20.19 | 22.05 | 24.03 | 25.89 | 27.87 | 29.73 |
| Camarilla | 22.85 | 23.21 | 23.56 | 23.91 | 24.26 | 24.61 | 24.97 |
| Woodie | 18.15 | 20.16 | 21.99 | 24.00 | 25.83 | 27.84 | 29.67 |
| Fibonacci | 20.19 | 21.66 | 22.56 | 24.03 | 25.50 | 26.40 | 27.87 |
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): | 44.25 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -10.83 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 23.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.98 | |
| Elder Ray (13): | -0.19 | |
| Super Trend (3,10): | 24.82 | |
| Zig ZAG (10): | 23.72 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 27.63 | |
| TEMA (21): | 23.95 | |
| Williams %R (14): | -75.66 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | -0.4200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 2.21 |
| MA7: | 23.92 | |
| MA20: | 23.90 | |
| MA50: | 24.53 | |
| MA100: | 25.80 | |
| MAexp7: | 23.89 | |
| MAexp20: | 24.01 | |
| MAexp50: | 24.53 | |
| MAexp100: | 25.13 | |
| Price / MA7: | -0.71% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | -3.18% | |
| Price / MA100: | -7.95% | |
| Price / MAexp7: | -0.59% | |
| Price / MAexp20: | -1.08% | |
| Price / MAexp50: | -3.18% | |
| Price / MAexp100: | -5.49% |
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:
-
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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