SILVER - USD - 1H - Technical analysis published on 01/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 23.70 USD
My targets
23.21 USD (-1.32%)
22.75 USD (-3.27%)
My analysis
The bearish basic trend is very strong on SILVER - USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 23.70 USD. Crossing the first support at 23.21 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 22.75 USD as an objective. Crossing it would then enable sellers to target 20.68 USD. Caution, a return to above the resistance located at 23.70 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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Additional analysis
Quotes
The SILVER - USD rating is 23.52 USD. On the day, this instrument gained +0.47% and was traded between 23.21 USD and 23.74 USD over the period. The price is currently at +1.34% from its lowest and -0.93% from its highest.23.21
23.74
23.52
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 4 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 22.75 | 23.21 | 23.49 | 23.52 | 23.70 | 24.02 | 24.17 |
Change (%) | -3.27% | -1.32% | -0.13% | - | +0.77% | +2.13% | +2.76% |
Change | -0.77 | -0.31 | -0.03 | - | +0.18 | +0.50 | +0.65 |
Level | Minor | Intermediate | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 21.31 | 22.03 | 22.72 | 23.44 | 24.13 | 24.85 | 25.54 |
Camarilla | 23.02 | 23.15 | 23.28 | 23.41 | 23.54 | 23.67 | 23.80 |
Woodie | 21.30 | 22.02 | 22.71 | 23.43 | 24.12 | 24.84 | 25.53 |
Fibonacci | 22.03 | 22.57 | 22.90 | 23.44 | 23.98 | 24.31 | 24.85 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 21.89 | 22.53 | 23.23 | 23.87 | 24.57 | 25.21 | 25.91 |
Camarilla | 23.56 | 23.68 | 23.81 | 23.93 | 24.05 | 24.18 | 24.30 |
Woodie | 21.92 | 22.55 | 23.26 | 23.89 | 24.60 | 25.23 | 25.94 |
Fibonacci | 22.53 | 23.04 | 23.36 | 23.87 | 24.38 | 24.70 | 25.21 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 20.27 | 21.15 | 22.55 | 23.43 | 24.83 | 25.71 | 27.11 |
Camarilla | 23.33 | 23.54 | 23.75 | 23.96 | 24.17 | 24.38 | 24.59 |
Woodie | 20.54 | 21.28 | 22.82 | 23.56 | 25.10 | 25.84 | 27.38 |
Fibonacci | 21.15 | 22.02 | 22.56 | 23.43 | 24.30 | 24.84 | 25.71 |
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): | 46.42 | |
MACD (12,26,9): | -0.0300 | |
Directional Movement: | -12.81 | |
AROON (14): | -28.57 | |
DEMA (21): | 23.50 | |
Parabolic SAR (0,02-0,02-0,2): | 23.72 | |
Elder Ray (13): | -0.17 | |
Super Trend (3,10): | 23.81 | |
Zig ZAG (10): | 23.47 | |
VORTEX (21): | 0.9800 | |
Stochastique (14,3,5): | 25.35 | |
TEMA (21): | 23.52 | |
Williams %R (14): | -47.17 | |
Chande Momentum Oscillator (20): | -0.02 | |
Repulse (5,40,3): | 0.2100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 0.62 |
MA7: | 23.77 | |
MA20: | 23.77 | |
MA50: | 23.06 | |
MA100: | 21.34 | |
MAexp7: | 23.50 | |
MAexp20: | 23.53 | |
MAexp50: | 23.61 | |
MAexp100: | 23.68 | |
Price / MA7: | -1.05% | |
Price / MA20: | -1.05% | |
Price / MA50: | +1.99% | |
Price / MA100: | +10.22% | |
Price / MAexp7: | +0.09% | |
Price / MAexp20: | -0.04% | |
Price / MAexp50: | -0.38% | |
Price / MAexp100: | -0.68% |
Quotes :
-
Real time data
-
Gold & Silver Spot
News
The last news published on SILVER - USD at the time of the generation of this analysis 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.
About author
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