SILVER - USD - 15 min. - Technical analysis published on 05/23/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 23.37 USD
My targets
23.70 USD (+0.91%)
23.82 USD (+1.39%)
My analysis
The strong short-term increase for SILVER - USD reinforces the current slightly bullish trend. As long as the price remains above 23.37 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 23.70 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 23.82 USD as an objective. Crossing it would then enable buyers to target 24.03 USD. A return to 23.37 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.4
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Additional analysis
Quotes
The SILVER - USD rating is 23.49 USD. The price is lower by -0.47% since the last closing and was between 23.10 USD and 23.65 USD. This implies that the price is at +1.69% from its lowest and at -0.68% from its highest.23.10
23.65
23.49
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SILVER - USD:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 15 min. shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 15 minutes
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 | 20.04 | 20.68 | 23.20 | 23.49 | 23.54 | 23.74 | 23.92 |
| Change (%) | -14.69% | -11.96% | -1.23% | - | +0.21% | +1.06% | +1.83% |
| Change | -3.45 | -2.81 | -0.29 | - | +0.05 | +0.25 | +0.43 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Intermediate |
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 | 23.16 | 23.37 | 23.49 | 23.70 | 23.82 | 24.03 | 24.15 |
| Camarilla | 23.51 | 23.54 | 23.57 | 23.60 | 23.63 | 23.66 | 23.69 |
| Woodie | 23.11 | 23.35 | 23.44 | 23.68 | 23.77 | 24.01 | 24.10 |
| Fibonacci | 23.37 | 23.50 | 23.58 | 23.70 | 23.83 | 23.91 | 24.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.47 | 22.89 | 23.36 | 23.78 | 24.25 | 24.67 | 25.14 |
| Camarilla | 23.58 | 23.66 | 23.74 | 23.82 | 23.90 | 23.98 | 24.07 |
| Woodie | 22.49 | 22.90 | 23.38 | 23.79 | 24.27 | 24.68 | 25.16 |
| Fibonacci | 22.89 | 23.23 | 23.44 | 23.78 | 24.12 | 24.33 | 24.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.19 | 22.37 | 23.72 | 24.90 | 26.25 | 27.43 | 28.78 |
| Camarilla | 24.36 | 24.60 | 24.83 | 25.06 | 25.29 | 25.52 | 25.76 |
| Woodie | 21.27 | 22.41 | 23.80 | 24.94 | 26.33 | 27.47 | 28.86 |
| Fibonacci | 22.37 | 23.34 | 23.94 | 24.90 | 25.87 | 26.47 | 27.43 |
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): | 61.09 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 13.79 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 23.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.58 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 23.31 | |
| Zig ZAG (10): | 23.49 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 51.59 | |
| TEMA (21): | 23.53 | |
| Williams %R (14): | -53.85 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.66 |
| MA7: | 23.71 | |
| MA20: | 24.67 | |
| MA50: | 24.29 | |
| MA100: | 23.39 | |
| MAexp7: | 23.48 | |
| MAexp20: | 23.43 | |
| MAexp50: | 23.41 | |
| MAexp100: | 23.47 | |
| Price / MA7: | -0.93% | |
| Price / MA20: | -4.78% | |
| Price / MA50: | -3.29% | |
| Price / MA100: | +0.43% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.09% |
Quotes :
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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
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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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