SILVER - USD - 15 min. - Technical analysis published on 12/06/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 22.64 USD
My targets
21.77 USD (-2.21%)
21.28 USD (-4.39%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SILVER - USD. As long as you are under the resistance located at 22.64 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 21.77 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 21.28 USD as an objective. Crossing it would then enable sellers to target 20.41 USD. If the resistance 22.64 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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This analysis was given by Ahmadjdid. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - USD rating 22.26 USD. The price has increased by +0.05% since the last closing and was traded between 22.23 USD and 22.30 USD over the period. The price is currently at +0.13% from its lowest and -0.18% from its highest.22.23
22.30
22.26
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:
Technical
Technical analysis of this 15 min. chart of SILVER - USD indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.91 | 21.68 | 21.92 | 22.26 | 22.27 | 22.91 | 24.02 |
| Change (%) | -6.06% | -2.61% | -1.53% | - | +0.04% | +2.92% | +7.91% |
| Change | -1.35 | -0.58 | -0.34 | - | +0.01 | +0.65 | +1.76 |
| Level | Intermediate | Intermediate | Minor | - | Minor | 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 | 20.41 | 21.28 | 21.77 | 22.64 | 23.13 | 24.00 | 24.49 |
| Camarilla | 21.88 | 22.00 | 22.13 | 22.25 | 22.38 | 22.50 | 22.62 |
| Woodie | 20.21 | 21.19 | 21.57 | 22.55 | 22.93 | 23.91 | 24.29 |
| Fibonacci | 21.28 | 21.80 | 22.12 | 22.64 | 23.16 | 23.48 | 24.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.20 | 20.03 | 21.58 | 22.41 | 23.96 | 24.79 | 26.34 |
| Camarilla | 22.48 | 22.69 | 22.91 | 23.13 | 23.35 | 23.57 | 23.79 |
| Woodie | 19.56 | 20.21 | 21.94 | 22.59 | 24.32 | 24.97 | 26.70 |
| Fibonacci | 20.03 | 20.94 | 21.50 | 22.41 | 23.32 | 23.88 | 24.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.40 | 17.62 | 19.98 | 21.20 | 23.56 | 24.78 | 27.14 |
| Camarilla | 21.37 | 21.69 | 22.02 | 22.35 | 22.68 | 23.01 | 23.34 |
| Woodie | 16.98 | 17.91 | 20.56 | 21.49 | 24.14 | 25.07 | 27.72 |
| Fibonacci | 17.62 | 18.98 | 19.83 | 21.20 | 22.56 | 23.41 | 24.78 |
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): | 47.20 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -4.38 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 22.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.19 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 22.36 | |
| Zig ZAG (10): | 22.27 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 75.08 | |
| TEMA (21): | 22.26 | |
| Williams %R (14): | -36.36 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.36 |
| MA7: | 22.12 | |
| MA20: | 21.63 | |
| MA50: | 20.37 | |
| MA100: | 19.83 | |
| MAexp7: | 22.26 | |
| MAexp20: | 22.26 | |
| MAexp50: | 22.43 | |
| MAexp100: | 22.61 | |
| Price / MA7: | +0.63% | |
| Price / MA20: | +2.91% | |
| Price / MA50: | +9.28% | |
| Price / MA100: | +12.25% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.80% | |
| Price / MAexp100: | -1.59% |
Quotes :
-
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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