SILVER - USD - 1H - Technical analysis published on 09/23/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 22.65 USD
My targets
22.90 USD (+0.62%)
23.14 USD (+1.67%)
My analysis
A bullish trend on SILVER - USD both in substance and in the short term. A purchase could be considered as long as the price remains above 22.65 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 22.90 USD. Then the price could move towards 23.14 USD. Then 23.66 USD by extension. Be careful, a return below 22.65 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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
The SILVER - USD price is 22.76 USD. On the day, this instrument gained +0.31% with the lowest point at 22.50 USD and the highest point at 22.79 USD. The deviation from the price is +1.16% for the low point and -0.13% for the high point.22.50
22.79
22.76
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 22.03 | 22.34 | 22.65 | 22.76 | 22.90 | 23.14 | 23.66 |
Change (%) | -3.21% | -1.85% | -0.48% | - | +0.62% | +1.67% | +3.95% |
Change | -0.73 | -0.42 | -0.11 | - | +0.14 | +0.38 | +0.90 |
Level | Intermediate | Minor | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 21.71 | 22.08 | 22.39 | 22.76 | 23.07 | 23.44 | 23.75 |
Camarilla | 22.50 | 22.57 | 22.63 | 22.69 | 22.75 | 22.82 | 22.88 |
Woodie | 21.67 | 22.07 | 22.35 | 22.75 | 23.03 | 23.43 | 23.71 |
Fibonacci | 22.08 | 22.34 | 22.50 | 22.76 | 23.02 | 23.18 | 23.44 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 20.19 | 21.26 | 21.83 | 22.90 | 23.47 | 24.54 | 25.11 |
Camarilla | 21.95 | 22.10 | 22.25 | 22.40 | 22.55 | 22.70 | 22.85 |
Woodie | 19.94 | 21.14 | 21.58 | 22.78 | 23.22 | 24.42 | 24.86 |
Fibonacci | 21.26 | 21.89 | 22.27 | 22.90 | 23.53 | 23.91 | 24.54 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 59.30 | |
MACD (12,26,9): | 0.0000 | |
Directional Movement: | 13.82 | |
AROON (14): | -57.14 | |
DEMA (21): | 22.69 | |
Parabolic SAR (0,02-0,02-0,2): | 22.89 | |
Elder Ray (13): | 0.08 | |
Super Trend (3,10): | 22.91 | |
Zig ZAG (10): | 22.76 | |
VORTEX (21): | 1.0200 | |
Stochastique (14,3,5): | 25.52 | |
TEMA (21): | 22.63 | |
Williams %R (14): | -65.62 | |
Chande Momentum Oscillator (20): | 0.03 | |
Repulse (5,40,3): | 0.6400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 1.40 |
MA7: | 22.78 | |
MA20: | 23.63 | |
MA50: | 24.11 | |
MA100: | 25.56 | |
MAexp7: | 22.66 | |
MAexp20: | 22.69 | |
MAexp50: | 22.66 | |
MAexp100: | 22.73 | |
Price / MA7: | -0.09% | |
Price / MA20: | -3.68% | |
Price / MA50: | -5.60% | |
Price / MA100: | -10.95% | |
Price / MAexp7: | +0.44% | |
Price / MAexp20: | +0.31% | |
Price / MAexp50: | +0.44% | |
Price / MAexp100: | +0.13% |
Quotes :
-
Real time data
-
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
- 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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