SILVER - USD - 1H - Technical analysis published on 01/27/2023 (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:
Slightly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 24.02 USD
My targets
23.21 USD (-1.86%)
22.75 USD (-3.81%)
My analysis
The basic trend is currently slightly bearish on SILVER - USD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 24.02 USD, sales could be favoured. The first bearish objective would be located at 23.21 USD. 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. A return to above the resistance at 24.02 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.1
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Additional analysis
Quotes
The SILVER - USD rating is 23.65 USD. On the day, this instrument lost -1.13% and was traded between 23.60 USD and 24.01 USD over the period. The price is currently at +0.21% from its lowest and -1.50% from its highest.23.60
24.01
23.65
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SILVER - USD indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing 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.
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.75 | 23.21 | 23.60 | 23.65 | 24.02 | 24.16 | 24.36 |
| Change (%) | -3.81% | -1.86% | -0.21% | - | +1.56% | +2.16% | +3.00% |
| Change | -0.90 | -0.44 | -0.05 | - | +0.37 | +0.51 | +0.71 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.89 | 23.25 | 23.58 | 23.94 | 24.27 | 24.63 | 24.96 |
| Camarilla | 23.73 | 23.79 | 23.86 | 23.92 | 23.98 | 24.05 | 24.11 |
| Woodie | 22.89 | 23.24 | 23.58 | 23.93 | 24.27 | 24.62 | 24.96 |
| Fibonacci | 23.25 | 23.51 | 23.67 | 23.94 | 24.20 | 24.36 | 24.63 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.87 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 3.10 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 23.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.93 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 23.61 | |
| Zig ZAG (10): | 23.69 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 26.02 | |
| TEMA (21): | 23.69 | |
| Williams %R (14): | -78.05 | |
| Chande Momentum Oscillator (20): | -0.21 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.57 |
| MA7: | 23.77 | |
| MA20: | 23.79 | |
| MA50: | 23.22 | |
| MA100: | 21.50 | |
| MAexp7: | 23.72 | |
| MAexp20: | 23.77 | |
| MAexp50: | 23.77 | |
| MAexp100: | 23.75 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -0.59% | |
| Price / MA50: | +1.85% | |
| Price / MA100: | +10.00% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -0.50% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | -0.42% |
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.
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