SILVER - USD - 1H - Technical analysis published on 10/25/2021 (GMT)
- 203
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 24.02 USD
My targets
24.73 USD (+1.23%)
25.88 USD (+5.92%)
My analysis
The basic bullish trend is very strong on SILVER - USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 24.02 USD. Crossing the first resistance at 24.73 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 25.88 USD as an objective. Crossing it would then enable buyers to target 26.35 USD. Caution, a return to below 24.02 USD would be a sign of a consolidation phase in 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 indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by ANKARAM. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - USD rating 24.43 USD. The price registered an increase of +0.41% on the session and was between 24.29 USD and 24.55 USD. This implies that the price is at +0.58% from its lowest and at -0.49% from its highest.24.29
24.55
24.43
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SILVER - USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | 23.01 | 23.58 | 24.02 | 24.43 | 24.49 | 24.73 | 26.35 |
| Change (%) | -5.81% | -3.48% | -1.68% | - | +0.25% | +1.23% | +7.86% |
| Change | -1.42 | -0.85 | -0.41 | - | +0.06 | +0.30 | +1.92 |
| 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): | 50.68 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 3.99 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 24.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.68 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 24.76 | |
| Zig ZAG (10): | 24.41 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 52.37 | |
| TEMA (21): | 24.46 | |
| Williams %R (14): | -57.14 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.15 |
| MA7: | 23.90 | |
| MA20: | 23.04 | |
| MA50: | 23.33 | |
| MA100: | 24.53 | |
| MAexp7: | 24.43 | |
| MAexp20: | 24.40 | |
| MAexp50: | 24.30 | |
| MAexp100: | 24.09 | |
| Price / MA7: | +2.22% | |
| Price / MA20: | +6.03% | |
| Price / MA50: | +4.71% | |
| Price / MA100: | -0.41% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.53% | |
| Price / MAexp100: | +1.41% |
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SILVER - USD - 1H