SILVER - USD - 15 min. - Technical analysis published on 10/08/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 22.59 USD
My targets
22.81 USD (+0.25%)
23.02 USD (+1.20%)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 22.59 USD remains possible. It is advisable to trade SILVER - USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 22.59 USD. The next bullish objective for buyers is set at 22.81 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.02 USD. If there is any crossing, the next objective would be the resistance located at 23.24 USD. PS: if there is a bearish break in the support located at 22.59 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.1
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Additional analysis
Quotes
The SILVER - USD price is 22.75 USD. On the day, this instrument gained +0.71% and was between 22.43 USD and 23.19 USD. This implies that the price is at +1.43% from its lowest and at -1.90% from its highest.22.43
23.19
22.75
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
A study of price movements over other periods shows the following variations:
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 15 min. shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 22.20 | 22.38 | 22.65 | 22.75 | 22.78 | 24.02 | 24.75 |
| Change (%) | -2.42% | -1.63% | -0.44% | - | +0.13% | +5.58% | +8.79% |
| Change | -0.55 | -0.37 | -0.10 | - | +0.03 | +1.27 | +2.00 |
| Level | Minor | Major | Major | - | Minor | Major | Intermediate |
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 | 21.95 | 22.16 | 22.38 | 22.59 | 22.81 | 23.02 | 23.24 |
| Camarilla | 22.47 | 22.51 | 22.55 | 22.59 | 22.63 | 22.67 | 22.71 |
| Woodie | 21.95 | 22.16 | 22.38 | 22.59 | 22.81 | 23.02 | 23.24 |
| Fibonacci | 22.16 | 22.33 | 22.43 | 22.59 | 22.76 | 22.86 | 23.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.27 | 20.84 | 21.70 | 22.27 | 23.13 | 23.70 | 24.56 |
| Camarilla | 22.16 | 22.29 | 22.42 | 22.55 | 22.68 | 22.81 | 22.94 |
| Woodie | 20.41 | 20.91 | 21.84 | 22.34 | 23.27 | 23.77 | 24.70 |
| Fibonacci | 20.84 | 21.39 | 21.73 | 22.27 | 22.82 | 23.16 | 23.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.27 | 19.35 | 20.72 | 22.80 | 24.17 | 26.25 | 27.62 |
| Camarilla | 21.15 | 21.47 | 21.78 | 22.10 | 22.42 | 22.73 | 23.05 |
| Woodie | 16.93 | 19.17 | 20.38 | 22.62 | 23.83 | 26.07 | 27.28 |
| Fibonacci | 19.35 | 20.67 | 21.48 | 22.80 | 24.12 | 24.93 | 26.25 |
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): | 50.50 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -0.77 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 22.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.97 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 23.00 | |
| Zig ZAG (10): | 22.76 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 8.47 | |
| TEMA (21): | 22.78 | |
| Williams %R (14): | -88.89 | |
| Chande Momentum Oscillator (20): | -0.28 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.52 |
| MA7: | 22.56 | |
| MA20: | 22.69 | |
| MA50: | 23.49 | |
| MA100: | 25.00 | |
| MAexp7: | 22.76 | |
| MAexp20: | 22.76 | |
| MAexp50: | 22.69 | |
| MAexp100: | 22.64 | |
| Price / MA7: | +0.84% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | -3.15% | |
| Price / MA100: | -9.00% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.49% |
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:
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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
-
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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