SILVER - USD - 1H - Technical analysis published on 01/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 23.70 USD
My targets
23.49 USD (-0.42%)
23.21 USD (-1.61%)
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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2
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Additional analysis
Quotes
The SILVER - USD rating is 23.59 USD. On the day, this instrument lost -0.17% and was between 23.58 USD and 23.72 USD. This implies that the price is at +0.04% from its lowest and at -0.55% from its highest.23.58
23.72
23.59
Here is a more detailed summary of the historical variations registered by SILVER - USD:
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. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.75 | 23.21 | 23.49 | 23.59 | 23.70 | 24.02 | 24.16 |
| Change (%) | -3.56% | -1.61% | -0.42% | - | +0.47% | +1.82% | +2.42% |
| Change | -0.84 | -0.38 | -0.10 | - | +0.11 | +0.43 | +0.57 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.78 | 23.00 | 23.31 | 23.53 | 23.84 | 24.06 | 24.37 |
| Camarilla | 23.48 | 23.53 | 23.58 | 23.63 | 23.68 | 23.73 | 23.78 |
| Woodie | 22.84 | 23.02 | 23.37 | 23.55 | 23.90 | 24.08 | 24.43 |
| Fibonacci | 23.00 | 23.20 | 23.32 | 23.53 | 23.73 | 23.85 | 24.06 |
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): | 50.52 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 2.69 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 23.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.30 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 23.81 | |
| Zig ZAG (10): | 23.61 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 78.62 | |
| TEMA (21): | 23.66 | |
| Williams %R (14): | -24.53 | |
| Chande Momentum Oscillator (20): | 0.36 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.27 |
| MA7: | 23.70 | |
| MA20: | 23.79 | |
| MA50: | 23.10 | |
| MA100: | 21.39 | |
| MAexp7: | 23.63 | |
| MAexp20: | 23.61 | |
| MAexp50: | 23.62 | |
| MAexp100: | 23.68 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | +2.12% | |
| Price / MA100: | +10.29% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.38% |
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
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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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