SILVER - USD - 1H - Technical analysis published on 10/24/2021 (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:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 24.02 USD
My targets
24.49 USD (+0.66%)
24.73 USD (+1.64%)
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 24.02 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 24.02 USD. The next bullish objective for buyers is set at 24.49 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.73 USD. If there is any crossing, the next objective would be the resistance located at 26.35 USD. PS: if there is a bearish break in the support located at 24.02 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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Additional analysis
Quotes
SILVER - USD rating 24.33 USD. The price has increased by +0.75% since the last closing and was between 24.11 USD and 24.83 USD. This implies that the price is at +0.91% from its lowest and at -2.01% from its highest.24.11
24.83
24.33
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this SILVER - USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 2
Type : Neutral
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 | 23.01 | 23.58 | 24.02 | 24.33 | 24.49 | 24.73 | 26.35 |
| Change (%) | -5.43% | -3.08% | -1.27% | - | +0.66% | +1.64% | +8.30% |
| Change | -1.32 | -0.75 | -0.31 | - | +0.16 | +0.40 | +2.02 |
| Level | Minor | Major | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.30 | 23.70 | 24.02 | 24.42 | 24.74 | 25.14 | 25.46 |
| Camarilla | 24.13 | 24.20 | 24.26 | 24.33 | 24.40 | 24.46 | 24.53 |
| Woodie | 23.25 | 23.68 | 23.97 | 24.40 | 24.69 | 25.12 | 25.41 |
| Fibonacci | 23.70 | 23.98 | 24.15 | 24.42 | 24.70 | 24.87 | 25.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.46 | 22.24 | 23.28 | 24.06 | 25.10 | 25.88 | 26.92 |
| Camarilla | 23.83 | 24.00 | 24.16 | 24.33 | 24.50 | 24.66 | 24.83 |
| Woodie | 21.60 | 22.31 | 23.42 | 24.13 | 25.24 | 25.95 | 27.06 |
| Fibonacci | 22.24 | 22.93 | 23.36 | 24.06 | 24.75 | 25.18 | 25.88 |
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): | 50.78 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | -1.36 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 24.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.79 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 24.79 | |
| Zig ZAG (10): | 24.33 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 26.54 | |
| TEMA (21): | 24.40 | |
| Williams %R (14): | -78.12 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.28 |
| MA7: | 23.78 | |
| MA20: | 22.95 | |
| MA50: | 23.32 | |
| MA100: | 24.56 | |
| MAexp7: | 24.36 | |
| MAexp20: | 24.34 | |
| MAexp50: | 24.23 | |
| MAexp100: | 24.01 | |
| Price / MA7: | +2.31% | |
| Price / MA20: | +6.01% | |
| Price / MA50: | +4.33% | |
| Price / MA100: | -0.94% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | +1.33% |
Quotes :
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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
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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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