SILVER - USD - 1H - Technical analysis published on 01/04/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 22.93 USD
My targets
22.64 USD (-0.70%)
22.44 USD (-1.58%)
My analysis
The bearish basic trend is very strong on SILVER - USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 22.93 USD. Crossing the first support at 22.64 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 22.44 USD as an objective. Crossing it would then enable sellers to target 21.96 USD. Caution, a return to above the resistance located at 22.93 USD would be a sign of a possible consolidation phase of 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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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 22.80 USD. The price registered a decrease of -0.52% on the session and was traded between 22.70 USD and 23.03 USD over the period. The price is currently at +0.44% from its lowest and -1.00% from its highest.22.70
23.03
22.80
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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
A technical analysis in 1H of this SILVER - USD chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.96 | 22.44 | 22.64 | 22.80 | 22.85 | 22.93 | 23.12 |
| Change (%) | -3.68% | -1.58% | -0.70% | - | +0.22% | +0.57% | +1.40% |
| Change | -0.84 | -0.36 | -0.16 | - | +0.05 | +0.13 | +0.32 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.85 | 22.26 | 22.59 | 23.00 | 23.33 | 23.74 | 24.07 |
| Camarilla | 22.72 | 22.78 | 22.85 | 22.92 | 22.99 | 23.06 | 23.12 |
| Woodie | 21.81 | 22.24 | 22.55 | 22.98 | 23.29 | 23.72 | 24.03 |
| Fibonacci | 22.26 | 22.54 | 22.72 | 23.00 | 23.28 | 23.46 | 23.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.95 | 22.27 | 22.79 | 23.11 | 23.63 | 23.95 | 24.47 |
| Camarilla | 23.08 | 23.16 | 23.23 | 23.31 | 23.39 | 23.46 | 23.54 |
| Woodie | 22.05 | 22.32 | 22.89 | 23.16 | 23.73 | 24.00 | 24.57 |
| Fibonacci | 22.27 | 22.59 | 22.79 | 23.11 | 23.43 | 23.63 | 23.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.00 | 20.71 | 22.01 | 22.72 | 24.02 | 24.73 | 26.03 |
| Camarilla | 22.76 | 22.94 | 23.13 | 23.31 | 23.49 | 23.68 | 23.86 |
| Woodie | 20.30 | 20.86 | 22.31 | 22.87 | 24.32 | 24.88 | 26.33 |
| Fibonacci | 20.71 | 21.48 | 21.95 | 22.72 | 23.49 | 23.96 | 24.73 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.14 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -5.97 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 22.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.95 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 23.04 | |
| Zig ZAG (10): | 22.77 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 31.31 | |
| TEMA (21): | 22.74 | |
| Williams %R (14): | -75.76 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | -0.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.74 |
| MA7: | 23.00 | |
| MA20: | 22.60 | |
| MA50: | 23.35 | |
| MA100: | 23.35 | |
| MAexp7: | 22.80 | |
| MAexp20: | 22.86 | |
| MAexp50: | 22.95 | |
| MAexp100: | 22.96 | |
| Price / MA7: | -0.87% | |
| Price / MA20: | +0.88% | |
| Price / MA50: | -2.36% | |
| Price / MA100: | -2.36% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | -0.70% |
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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