SILVER - USD - 1H - Technical analysis published on 01/24/2023 (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:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 23.70 USD
My targets
23.49 USD (-0.51%)
23.21 USD (-1.69%)
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 23.70 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 23.49 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 23.21 USD as an objective. Crossing it would then enable sellers to target 22.75 USD. If the resistance 23.70 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 KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD price is 23.61 USD. On the day, this instrument gained +0.85% and was traded between 23.21 USD and 23.74 USD over the period. The price is currently at +1.72% from its lowest and -0.55% from its highest.23.21
23.74
23.61
A study of price movements over other periods shows the following variations:
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 this 1H chart of SILVER - USD indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 22.75 | 23.21 | 23.49 | 23.61 | 23.70 | 24.02 | 24.17 |
| Change (%) | -3.64% | -1.69% | -0.51% | - | +0.38% | +1.74% | +2.37% |
| Change | -0.86 | -0.40 | -0.12 | - | +0.09 | +0.41 | +0.56 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Major |
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 | 21.31 | 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): | 50.97 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -1.43 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 23.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.21 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 23.81 | |
| Zig ZAG (10): | 23.58 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 49.72 | |
| TEMA (21): | 23.57 | |
| Williams %R (14): | -32.08 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.62 |
| MA7: | 23.79 | |
| MA20: | 23.78 | |
| MA50: | 23.06 | |
| MA100: | 21.34 | |
| MAexp7: | 23.55 | |
| MAexp20: | 23.55 | |
| MAexp50: | 23.61 | |
| MAexp100: | 23.69 | |
| Price / MA7: | -0.76% | |
| Price / MA20: | -0.71% | |
| Price / MA50: | +2.39% | |
| Price / MA100: | +10.64% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0.34% |
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:
-
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.
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