SILVER - USD - 1H - Technical analysis published on 01/26/2023 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 23.73 USD
My targets
24.02 USD (+0.63%)
24.16 USD (+1.21%)
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 23.73 USD. The buyers' bullish objective is set at 24.02 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.16 USD. If there is any crossing, the next objective would be the resistance located at 24.36 USD.
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
6.1
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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 23.87 USD. The price registered a decrease of -0.38% on the session with the lowest point at 23.80 USD and the highest point at 23.97 USD. The deviation from the price is +0.29% for the low point and -0.42% for the high point.23.80
23.97
23.87
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SILVER - USD chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 22.75 | 23.21 | 23.73 | 23.87 | 24.02 | 24.16 | 24.36 |
Change (%) | -4.69% | -2.76% | -0.59% | - | +0.63% | +1.21% | +2.05% |
Change | -1.12 | -0.66 | -0.14 | - | +0.15 | +0.29 | +0.49 |
Level | Minor | Major | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.88 | 23.11 | 23.53 | 23.76 | 24.18 | 24.41 | 24.83 |
Camarilla | 23.78 | 23.84 | 23.90 | 23.96 | 24.02 | 24.08 | 24.14 |
Woodie | 22.99 | 23.16 | 23.64 | 23.81 | 24.29 | 24.46 | 24.94 |
Fibonacci | 23.11 | 23.36 | 23.51 | 23.76 | 24.01 | 24.16 | 24.41 |
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): | 61.70 | |
MACD (12,26,9): | 0.0700 | |
Directional Movement: | 4.47 | |
AROON (14): | 50.00 | |
DEMA (21): | 23.89 | |
Parabolic SAR (0,02-0,02-0,2): | 23.98 | |
Elder Ray (13): | 0.03 | |
Super Trend (3,10): | 23.61 | |
Zig ZAG (10): | 23.87 | |
VORTEX (21): | 1.1400 | |
Stochastique (14,3,5): | 67.62 | |
TEMA (21): | 23.92 | |
Williams %R (14): | -46.15 | |
Chande Momentum Oscillator (20): | 0.05 | |
Repulse (5,40,3): | 0.0200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0500 | |
Courbe Coppock: | 2.01 |
MA7: | 23.73 | |
MA20: | 23.80 | |
MA50: | 23.17 | |
MA100: | 21.45 | |
MAexp7: | 23.86 | |
MAexp20: | 23.79 | |
MAexp50: | 23.71 | |
MAexp100: | 23.70 | |
Price / MA7: | +0.59% | |
Price / MA20: | +0.29% | |
Price / MA50: | +3.02% | |
Price / MA100: | +11.28% | |
Price / MAexp7: | +0.04% | |
Price / MAexp20: | +0.34% | |
Price / MAexp50: | +0.67% | |
Price / MAexp100: | +0.72% |
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
- 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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