SILVER - USD - 15 min. - Technical analysis published on 01/24/2023 (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:
Bullish
Underlying:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 23.44 USD
My targets
24.13 USD (+1.90%)
24.85 USD (+4.94%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 23.44 USD. The buyers' bullish objective is set at 24.13 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.85 USD. If there is any crossing, the next objective would be the resistance located at 25.54 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
5.7
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This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - USD rating 23.68 USD. On the day, this instrument gained +1.15% with the lowest point at 23.21 USD and the highest point at 23.74 USD. The deviation from the price is +2.02% for the low point and -0.25% for the high point.23.21
23.74
23.68
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
A technical analysis in 15 min. of this SILVER - USD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 23.68 | 23.70 | 24.02 | 24.17 |
| Change (%) | -3.93% | -1.98% | -0.80% | - | +0.08% | +1.44% | +2.07% |
| Change | -0.93 | -0.47 | -0.19 | - | +0.02 | +0.34 | +0.49 |
| 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.07 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 1.38 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 23.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.25 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 23.31 | |
| Zig ZAG (10): | 23.64 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 82.73 | |
| TEMA (21): | 23.52 | |
| Williams %R (14): | -9.80 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.7100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.22 |
| MA7: | 23.80 | |
| MA20: | 23.78 | |
| MA50: | 23.06 | |
| MA100: | 21.34 | |
| MAexp7: | 23.59 | |
| MAexp20: | 23.55 | |
| MAexp50: | 23.56 | |
| MAexp100: | 23.57 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -0.42% | |
| Price / MA50: | +2.69% | |
| Price / MA100: | +10.97% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +0.55% | |
| Price / MAexp50: | +0.51% | |
| Price / MAexp100: | +0.47% |
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
-
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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