SILVER - USD - 15 min. - Technical analysis published on 04/29/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 23.14 USD
My targets
22.92 USD (-0.48%)
22.67 USD (-1.56%)
My analysis
SILVER - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 23.14 USD. The next support located at 22.92 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 22.67 USD. Below this support, sellers could then target 22.45 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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Additional analysis
Quotes
The SILVER - USD price is 23.03 USD. The price is lower by -0.60% since the last closing and was between 22.93 USD and 23.56 USD. This implies that the price is at +0.44% from its lowest and at -2.25% from its highest.22.93
23.56
23.03
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 15 min. shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being 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, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
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 | 21.96 | 22.44 | 22.89 | 23.03 | 23.24 | 23.54 | 23.93 |
| Change (%) | -4.65% | -2.56% | -0.61% | - | +0.91% | +2.21% | +3.91% |
| Change | -1.07 | -0.59 | -0.14 | - | +0.21 | +0.51 | +0.90 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.45 | 22.67 | 22.92 | 23.14 | 23.39 | 23.61 | 23.86 |
| Camarilla | 23.04 | 23.08 | 23.13 | 23.17 | 23.21 | 23.26 | 23.30 |
| Woodie | 22.47 | 22.68 | 22.94 | 23.15 | 23.41 | 23.62 | 23.88 |
| Fibonacci | 22.67 | 22.85 | 22.96 | 23.14 | 23.32 | 23.43 | 23.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.22 | 22.64 | 23.39 | 24.81 | 25.56 | 26.98 | 27.73 |
| Camarilla | 23.55 | 23.75 | 23.95 | 24.15 | 24.35 | 24.55 | 24.75 |
| Woodie | 20.90 | 22.47 | 23.07 | 24.64 | 25.24 | 26.81 | 27.41 |
| Fibonacci | 22.64 | 23.47 | 23.98 | 24.81 | 25.64 | 26.15 | 26.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.54 | 22.26 | 23.52 | 25.24 | 26.50 | 28.22 | 29.48 |
| Camarilla | 23.97 | 24.24 | 24.52 | 24.79 | 25.06 | 25.34 | 25.61 |
| Woodie | 20.32 | 22.15 | 23.30 | 25.13 | 26.28 | 28.11 | 29.26 |
| Fibonacci | 22.26 | 23.40 | 24.10 | 25.24 | 26.38 | 27.08 | 28.22 |
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): | 36.64 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -17.46 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 23.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.94 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 23.29 | |
| Zig ZAG (10): | 23.03 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 31.03 | |
| TEMA (21): | 22.96 | |
| Williams %R (14): | -65.52 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.55 |
| MA7: | 23.65 | |
| MA20: | 24.54 | |
| MA50: | 24.85 | |
| MA100: | 23.91 | |
| MAexp7: | 23.04 | |
| MAexp20: | 23.12 | |
| MAexp50: | 23.22 | |
| MAexp100: | 23.25 | |
| Price / MA7: | -2.62% | |
| Price / MA20: | -6.15% | |
| Price / MA50: | -7.32% | |
| Price / MA100: | -3.68% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.86% | |
| Price / MAexp100: | -0.99% |
Quotes :
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Real time data
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Gold & Silver Spot
News
Don't forget to follow the news on SILVER - USD. At the time of publication of this analysis, the latest news 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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