SILVER - USD - 1H - Technical analysis published on 10/28/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
61%
0%
39%
My opinion
Bullish above 24.02 USD
My targets
24.35 USD (+0.91%)
24.49 USD (+1.49%)
My analysis
The strong short-term increase in SILVER - USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 24.02 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 24.35 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 24.49 USD as an objective. Crossing it would then enable buyers to target 24.73 USD. Caution, a return under 24.02 USD could jeopardize the reversal.
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
2.3
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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
SILVER - USD rating 24.13 USD. On the day, this instrument gained +0.37% and was traded between 23.97 USD and 24.16 USD over the period. The price is currently at +0.67% from its lowest and -0.12% from its highest.23.97
24.16
24.13
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 slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
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
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 23.56 | 23.83 | 24.02 | 24.13 | 24.19 | 24.35 | 24.49 |
| Change (%) | -2.36% | -1.24% | -0.46% | - | +0.25% | +0.91% | +1.49% |
| Change | -0.57 | -0.30 | -0.11 | - | +0.06 | +0.22 | +0.36 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | 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 | 23.41 | 23.62 | 23.83 | 24.04 | 24.25 | 24.46 | 24.67 |
| Camarilla | 23.93 | 23.96 | 24.00 | 24.04 | 24.08 | 24.12 | 24.16 |
| Woodie | 23.41 | 23.62 | 23.83 | 24.04 | 24.25 | 24.46 | 24.67 |
| Fibonacci | 23.62 | 23.78 | 23.88 | 24.04 | 24.20 | 24.30 | 24.46 |
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): | 53.64 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.58 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 24.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.21 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 24.24 | |
| Zig ZAG (10): | 24.13 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 62.92 | |
| TEMA (21): | 24.09 | |
| Williams %R (14): | -15.79 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.16 |
| MA7: | 24.23 | |
| MA20: | 23.36 | |
| MA50: | 23.37 | |
| MA100: | 24.42 | |
| MAexp7: | 24.09 | |
| MAexp20: | 24.07 | |
| MAexp50: | 24.12 | |
| MAexp100: | 24.14 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | +3.30% | |
| Price / MA50: | +3.25% | |
| Price / MA100: | -1.19% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.04% |
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:
-
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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