SILVER - USD - 15 min. - Technical analysis published on 10/03/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 19.82 USD
My targets
20.70 USD (+2.58%)
20.90 USD (+3.55%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 19.82 USD. The buyers' bullish objective is set at 20.70 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 20.90 USD. If there is any crossing, the next objective would be the resistance located at 22.41 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
9.1
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Additional analysis
Quotes
The SILVER - USD price is 20.18 USD. The price has increased by +5.99% since the last closing and was traded between 19.00 USD and 20.23 USD over the period. The price is currently at +6.21% from its lowest and -0.25% from its highest.19.00
20.23
20.18
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 19.43 | 19.71 | 19.92 | 20.18 | 20.70 | 22.41 | 24.02 |
| Change (%) | -3.72% | -2.33% | -1.29% | - | +2.58% | +11.05% | +19.03% |
| Change | -0.75 | -0.47 | -0.26 | - | +0.52 | +2.23 | +3.84 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 18.26 | 18.51 | 18.78 | 19.03 | 19.30 | 19.55 | 19.82 |
| Camarilla | 18.90 | 18.95 | 18.99 | 19.04 | 19.09 | 19.14 | 19.18 |
| Woodie | 18.26 | 18.52 | 18.78 | 19.04 | 19.30 | 19.56 | 19.82 |
| Fibonacci | 18.51 | 18.71 | 18.84 | 19.03 | 19.23 | 19.36 | 19.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.91 | 17.43 | 18.24 | 18.76 | 19.57 | 20.09 | 20.90 |
| Camarilla | 18.67 | 18.80 | 18.92 | 19.04 | 19.16 | 19.28 | 19.41 |
| Woodie | 17.05 | 17.50 | 18.38 | 18.83 | 19.71 | 20.16 | 21.04 |
| Fibonacci | 17.43 | 17.94 | 18.26 | 18.76 | 19.27 | 19.59 | 20.09 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.26 | 16.41 | 17.72 | 18.87 | 20.18 | 21.33 | 22.64 |
| Camarilla | 18.36 | 18.59 | 18.82 | 19.04 | 19.27 | 19.49 | 19.72 |
| Woodie | 15.35 | 16.45 | 17.81 | 18.91 | 20.27 | 21.37 | 22.73 |
| Fibonacci | 16.41 | 17.35 | 17.93 | 18.87 | 19.81 | 20.39 | 21.33 |
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): | 88.13 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 43.68 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 19.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.56 | |
| Elder Ray (13): | 0.40 | |
| Super Trend (3,10): | 19.69 | |
| Zig ZAG (10): | 20.01 | |
| VORTEX (21): | 1.3300 | |
| Stochastique (14,3,5): | 90.23 | |
| TEMA (21): | 19.87 | |
| Williams %R (14): | -10.47 | |
| Chande Momentum Oscillator (20): | 0.68 | |
| Repulse (5,40,3): | 1.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 4.46 |
| MA7: | 18.94 | |
| MA20: | 19.09 | |
| MA50: | 19.33 | |
| MA100: | 20.03 | |
| MAexp7: | 19.80 | |
| MAexp20: | 19.58 | |
| MAexp50: | 19.40 | |
| MAexp100: | 19.26 | |
| Price / MA7: | +6.55% | |
| Price / MA20: | +5.71% | |
| Price / MA50: | +4.40% | |
| Price / MA100: | +0.75% | |
| Price / MAexp7: | +1.92% | |
| Price / MAexp20: | +3.06% | |
| Price / MAexp50: | +4.02% | |
| Price / MAexp100: | +4.78% |
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:
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Silver Prices forecast for the week of December 12 2016, Technical Analysis
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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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