SILVER - USD - 1H - Technical analysis published on 10/13/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 22.77 USD
My targets
23.19 USD (+1.49%)
24.02 USD (+5.12%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 22.77 USD. The buyers' bullish objective is set at 23.19 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.02 USD. If there is any crossing, the next objective would be the resistance located at 24.75 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
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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 rating is 22.85 USD. The price has increased by +1.42% since the last closing with the lowest point at 22.47 USD and the highest point at 22.90 USD. The deviation from the price is +1.69% for the low point and -0.22% for the high point.22.47
22.90
22.85
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 a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned 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
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.49 | 22.65 | 22.77 | 22.85 | 23.19 | 24.02 | 24.75 |
| Change (%) | -1.58% | -0.88% | -0.35% | - | +1.49% | +5.12% | +8.32% |
| Change | -0.36 | -0.20 | -0.08 | - | +0.34 | +1.17 | +1.90 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.89 | 22.12 | 22.32 | 22.55 | 22.75 | 22.98 | 23.18 |
| Camarilla | 22.41 | 22.45 | 22.49 | 22.53 | 22.57 | 22.61 | 22.65 |
| Woodie | 21.89 | 22.11 | 22.32 | 22.54 | 22.75 | 22.97 | 23.18 |
| Fibonacci | 22.12 | 22.28 | 22.38 | 22.55 | 22.71 | 22.81 | 22.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.19 | 21.70 | 22.18 | 22.69 | 23.17 | 23.68 | 24.16 |
| Camarilla | 22.40 | 22.49 | 22.58 | 22.67 | 22.76 | 22.85 | 22.94 |
| Woodie | 21.19 | 21.69 | 22.18 | 22.68 | 23.17 | 23.67 | 24.16 |
| Fibonacci | 21.70 | 22.08 | 22.31 | 22.69 | 23.07 | 23.30 | 23.68 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.08 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 22.29 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 22.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.51 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 22.57 | |
| Zig ZAG (10): | 22.82 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 85.45 | |
| TEMA (21): | 22.81 | |
| Williams %R (14): | -18.60 | |
| Chande Momentum Oscillator (20): | 0.30 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.02 |
| MA7: | 22.64 | |
| MA20: | 22.51 | |
| MA50: | 23.32 | |
| MA100: | 24.84 | |
| MAexp7: | 22.78 | |
| MAexp20: | 22.69 | |
| MAexp50: | 22.64 | |
| MAexp100: | 22.61 | |
| Price / MA7: | +0.93% | |
| Price / MA20: | +1.51% | |
| Price / MA50: | -2.02% | |
| Price / MA100: | -8.01% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.71% | |
| Price / MAexp50: | +0.93% | |
| Price / MAexp100: | +1.06% |
Quotes :
-
Real time data
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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
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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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