SILVER - USD - Daily - Technical analysis published on 09/17/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
61%
0%
39%
My opinion
Bullish above 18.90 USD
My targets
19.90 USD (+1.69%)
20.70 USD (+5.77%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SILVER - USD as long as the price remains well above 18.90 USD. The buyers' bullish objective is set at 19.90 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.70 USD. If there is any crossing, the next objective would be the resistance located at 22.41 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD price is 19.57 USD. The price has increased by +3.16% since the last closing with the lowest point at 18.78 USD and the highest point at 19.62 USD. The deviation from the price is +4.21% for the low point and -0.25% for the high point.18.78
19.62
19.57
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SILVER - USD chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 13.81 | 16.62 | 18.43 | 19.57 | 20.70 | 22.41 | 24.02 |
Change (%) | -29.43% | -15.07% | -5.83% | - | +5.77% | +14.51% | +22.74% |
Change | -5.76 | -2.95 | -1.14 | - | +1.13 | +2.84 | +4.45 |
Level | Major | Minor | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 18.19 | 18.48 | 19.03 | 19.32 | 19.87 | 20.16 | 20.71 |
Camarilla | 19.34 | 19.42 | 19.49 | 19.57 | 19.65 | 19.72 | 19.80 |
Woodie | 18.31 | 18.55 | 19.15 | 19.39 | 19.99 | 20.23 | 20.83 |
Fibonacci | 18.48 | 18.80 | 19.00 | 19.32 | 19.64 | 19.84 | 20.16 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 17.67 | 18.22 | 18.90 | 19.45 | 20.13 | 20.68 | 21.36 |
Camarilla | 19.23 | 19.35 | 19.46 | 19.57 | 19.68 | 19.80 | 19.91 |
Woodie | 17.73 | 18.25 | 18.96 | 19.48 | 20.19 | 20.71 | 21.42 |
Fibonacci | 18.22 | 18.69 | 18.98 | 19.45 | 19.92 | 20.21 | 20.68 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13.94 | 15.92 | 16.92 | 18.90 | 19.90 | 21.88 | 22.88 |
Camarilla | 17.10 | 17.37 | 17.65 | 17.92 | 18.19 | 18.47 | 18.74 |
Woodie | 13.45 | 15.68 | 16.43 | 18.66 | 19.41 | 21.64 | 22.39 |
Fibonacci | 15.92 | 17.06 | 17.76 | 18.90 | 20.04 | 20.74 | 21.88 |
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): | 54.78 | |
MACD (12,26,9): | -0.0400 | |
Directional Movement: | 1.74 | |
AROON (14): | 50.00 | |
DEMA (21): | 18.92 | |
Parabolic SAR (0,02-0,02-0,2): | 18.37 | |
Elder Ray (13): | 0.14 | |
Super Trend (3,10): | 17.92 | |
Zig ZAG (10): | 19.57 | |
VORTEX (21): | 0.9400 | |
Stochastique (14,3,5): | 75.07 | |
TEMA (21): | 19.12 | |
Williams %R (14): | -17.89 | |
Chande Momentum Oscillator (20): | 1.65 | |
Repulse (5,40,3): | 3.0500 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.1600 | |
Courbe Coppock: | 4.50 |
MA7: | 19.26 | |
MA20: | 18.79 | |
MA50: | 19.24 | |
MA100: | 20.33 | |
MAexp7: | 19.21 | |
MAexp20: | 19.05 | |
MAexp50: | 19.47 | |
MAexp100: | 20.35 | |
Price / MA7: | +1.61% | |
Price / MA20: | +4.15% | |
Price / MA50: | +1.72% | |
Price / MA100: | -3.74% | |
Price / MAexp7: | +1.87% | |
Price / MAexp20: | +2.73% | |
Price / MAexp50: | +0.51% | |
Price / MAexp100: | -3.83% |
Quotes :
-
Real time data
-
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
- 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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