SILVER - USD - 1H - Technical analysis published on 10/03/2022 (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 bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 19.92 USD
My targets
20.70 USD (+2.22%)
20.90 USD (+3.20%)
My analysis
SILVER - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 19.92 USD. The next resistance located at 20.70 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 20.90 USD. After this resistance, buyers could then target 22.41 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
9.1
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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 20.25 USD. The price has increased by +6.36% since the last closing and was between 19.00 USD and 20.27 USD. This implies that the price is at +6.58% from its lowest and at -0.10% from its highest.19.00
20.27
20.25
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SILVER - USD indicates that the overall trend is strongly bullish. 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.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
White line without lower shadow
Type : Bullish
Timeframe : 1 hour
White marubozu
Type : Bullish
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 19.43 | 19.71 | 19.92 | 20.25 | 20.70 | 22.41 | 24.02 |
Change (%) | -4.05% | -2.67% | -1.63% | - | +2.22% | +10.67% | +18.62% |
Change | -0.82 | -0.54 | -0.33 | - | +0.45 | +2.16 | +3.77 |
Level | Minor | Minor | Intermediate | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation 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): | 78.60 | |
MACD (12,26,9): | 0.1900 | |
Directional Movement: | 42.25 | |
AROON (14): | 92.86 | |
DEMA (21): | 19.58 | |
Parabolic SAR (0,02-0,02-0,2): | 19.25 | |
Elder Ray (13): | 0.48 | |
Super Trend (3,10): | 19.34 | |
Zig ZAG (10): | 20.17 | |
VORTEX (21): | 1.1600 | |
Stochastique (14,3,5): | 89.75 | |
TEMA (21): | 19.68 | |
Williams %R (14): | -3.45 | |
Chande Momentum Oscillator (20): | 0.90 | |
Repulse (5,40,3): | 4.4900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0900 | |
Courbe Coppock: | 4.90 |
MA7: | 18.94 | |
MA20: | 19.09 | |
MA50: | 19.33 | |
MA100: | 20.03 | |
MAexp7: | 19.61 | |
MAexp20: | 19.36 | |
MAexp50: | 19.12 | |
MAexp100: | 18.98 | |
Price / MA7: | +6.92% | |
Price / MA20: | +6.08% | |
Price / MA50: | +4.76% | |
Price / MA100: | +1.10% | |
Price / MAexp7: | +3.26% | |
Price / MAexp20: | +4.60% | |
Price / MAexp50: | +5.91% | |
Price / MAexp100: | +6.69% |
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
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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