SILVER - USD - 1H - Technical analysis published on 04/29/2022 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 23.24 USD
My targets
22.89 USD (-0.56%)
22.44 USD (-2.52%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SILVER - USD as long as the price remains well below 23.24 USD. The sellers' bearish objective is set at 22.89 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 22.44 USD. In case of crossing, the next objective would be the support located at 21.96 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.1
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD price is 23.02 USD. The price is lower by -0.65% since the last closing and was between 22.93 USD and 23.56 USD. This implies that the price is at +0.39% from its lowest and at -2.29% from its highest.22.93
23.56
23.02
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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
A technical analysis in 1H of this SILVER - USD chart shows a sharp 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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 | 23.02 | 23.24 | 23.54 | 23.93 |
Change (%) | -4.60% | -2.52% | -0.56% | - | +0.96% | +2.26% | +3.95% |
Change | -1.06 | -0.58 | -0.13 | - | +0.22 | +0.52 | +0.91 |
Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Minor |
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 | 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 37.65 | |
MACD (12,26,9): | -0.0300 | |
Directional Movement: | -13.39 | |
AROON (14): | -57.15 | |
DEMA (21): | 23.22 | |
Parabolic SAR (0,02-0,02-0,2): | 23.47 | |
Elder Ray (13): | -0.21 | |
Super Trend (3,10): | 23.48 | |
Zig ZAG (10): | 23.01 | |
VORTEX (21): | 0.9300 | |
Stochastique (14,3,5): | 15.62 | |
TEMA (21): | 23.20 | |
Williams %R (14): | -87.30 | |
Chande Momentum Oscillator (20): | -0.29 | |
Repulse (5,40,3): | -0.3800 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 0.23 |
MA7: | 23.65 | |
MA20: | 24.54 | |
MA50: | 24.85 | |
MA100: | 23.91 | |
MAexp7: | 23.16 | |
MAexp20: | 23.24 | |
MAexp50: | 23.29 | |
MAexp100: | 23.51 | |
Price / MA7: | -2.66% | |
Price / MA20: | -6.19% | |
Price / MA50: | -7.36% | |
Price / MA100: | -3.72% | |
Price / MAexp7: | -0.60% | |
Price / MAexp20: | -0.95% | |
Price / MAexp50: | -1.16% | |
Price / MAexp100: | -2.08% |
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.
About author
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