SILVER - USD - 1H - Technical analysis published on 12/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 22.60 USD
My targets
23.11 USD (+1.67%)
23.52 USD (+3.48%)
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 22.60 USD. The buyers' bullish objective is set at 23.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.52 USD. If there is any crossing, the next objective would be the resistance located at 24.02 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.5
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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 22.73 USD. The price registered an increase of +2.48% on the session and was traded between 22.09 USD and 22.82 USD over the period. The price is currently at +2.90% from its lowest and -0.39% from its highest.22.09
22.82
22.73
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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 : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 21.46 | 21.92 | 22.60 | 22.73 | 23.11 | 23.52 | 24.02 |
| Change (%) | -5.59% | -3.56% | -0.57% | - | +1.67% | +3.48% | +5.68% |
| Change | -1.27 | -0.81 | -0.13 | - | +0.38 | +0.79 | +1.29 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate | 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 | 21.34 | 21.68 | 21.93 | 22.27 | 22.52 | 22.86 | 23.11 |
| Camarilla | 22.02 | 22.07 | 22.13 | 22.18 | 22.23 | 22.29 | 22.34 |
| Woodie | 21.30 | 21.66 | 21.89 | 22.25 | 22.48 | 22.84 | 23.07 |
| Fibonacci | 21.68 | 21.91 | 22.05 | 22.27 | 22.50 | 22.64 | 22.86 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 67.38 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 19.23 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 22.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.44 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 22.32 | |
| Zig ZAG (10): | 22.71 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 87.22 | |
| TEMA (21): | 22.76 | |
| Williams %R (14): | -18.33 | |
| Chande Momentum Oscillator (20): | 0.33 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 3.65 |
| MA7: | 22.36 | |
| MA20: | 21.71 | |
| MA50: | 20.45 | |
| MA100: | 19.87 | |
| MAexp7: | 22.68 | |
| MAexp20: | 22.52 | |
| MAexp50: | 22.46 | |
| MAexp100: | 22.40 | |
| Price / MA7: | +1.65% | |
| Price / MA20: | +4.70% | |
| Price / MA50: | +11.15% | |
| Price / MA100: | +14.39% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.93% | |
| Price / MAexp50: | +1.20% | |
| Price / MAexp100: | +1.47% |
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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