SILVER - USD - 1H - Technical analysis published on 03/13/2023 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 21.31 USD
My targets
21.93 USD (+0.32%)
23.20 USD (+6.13%)
My analysis
The bullish trend is currently very strong on SILVER - USD. As long as the price remains above the support at 21.31 USD, you could try to benefit from the boom. The first bullish objective is located at 21.93 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 23.20 USD as an objective. Crossing it would then enable buyers to target 24.02 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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Additional analysis
Quotes
SILVER - USD rating 21.86 USD. The price registered an increase of +6.38% on the session and was traded between 20.59 USD and 21.89 USD over the period. The price is currently at +6.17% from its lowest and -0.14% from its highest.20.59
21.89
21.86
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
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 strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 20.97 | 21.18 | 21.31 | 21.86 | 21.93 | 23.20 | 24.02 |
Change (%) | -4.07% | -3.11% | -2.52% | - | +0.32% | +6.13% | +9.88% |
Change | -0.89 | -0.68 | -0.55 | - | +0.07 | +1.34 | +2.16 |
Level | Minor | Intermediate | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 19.15 | 19.52 | 20.04 | 20.41 | 20.93 | 21.30 | 21.82 |
Camarilla | 20.31 | 20.39 | 20.47 | 20.55 | 20.63 | 20.71 | 20.80 |
Woodie | 19.22 | 19.56 | 20.11 | 20.45 | 21.00 | 21.34 | 21.89 |
Fibonacci | 19.52 | 19.86 | 20.07 | 20.41 | 20.75 | 20.96 | 21.30 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 18.45 | 19.18 | 19.86 | 20.59 | 21.27 | 22.00 | 22.68 |
Camarilla | 20.16 | 20.29 | 20.42 | 20.55 | 20.68 | 20.81 | 20.94 |
Woodie | 18.44 | 19.17 | 19.85 | 20.58 | 21.26 | 21.99 | 22.67 |
Fibonacci | 19.18 | 19.72 | 20.05 | 20.59 | 21.13 | 21.46 | 22.00 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15.10 | 17.76 | 19.32 | 21.98 | 23.54 | 26.20 | 27.76 |
Camarilla | 19.72 | 20.11 | 20.49 | 20.88 | 21.27 | 21.65 | 22.04 |
Woodie | 14.55 | 17.49 | 18.77 | 21.71 | 22.99 | 25.93 | 27.21 |
Fibonacci | 17.76 | 19.37 | 20.37 | 21.98 | 23.59 | 24.59 | 26.20 |
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): | 79.30 | |
MACD (12,26,9): | 0.3300 | |
Directional Movement: | 35.75 | |
AROON (14): | 92.86 | |
DEMA (21): | 21.39 | |
Parabolic SAR (0,02-0,02-0,2): | 20.91 | |
Elder Ray (13): | 0.61 | |
Super Trend (3,10): | 21.13 | |
Zig ZAG (10): | 21.79 | |
VORTEX (21): | 1.3300 | |
Stochastique (14,3,5): | 90.07 | |
TEMA (21): | 21.57 | |
Williams %R (14): | -4.84 | |
Chande Momentum Oscillator (20): | 0.98 | |
Repulse (5,40,3): | 2.0100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1600 | |
Courbe Coppock: | 7.12 |
MA7: | 20.71 | |
MA20: | 21.12 | |
MA50: | 22.48 | |
MA100: | 22.23 | |
MAexp7: | 21.44 | |
MAexp20: | 21.00 | |
MAexp50: | 20.64 | |
MAexp100: | 20.52 | |
Price / MA7: | +5.55% | |
Price / MA20: | +3.50% | |
Price / MA50: | -2.76% | |
Price / MA100: | -1.66% | |
Price / MAexp7: | +1.96% | |
Price / MAexp20: | +4.10% | |
Price / MAexp50: | +5.91% | |
Price / MAexp100: | +6.53% |
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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