SILVER - USD - 15 min. - Technical analysis published on 03/05/2024 (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:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 23.64 USD
My targets
24.26 USD (+1.29%)
24.58 USD (+2.63%)
My analysis
SILVER - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 23.64 USD. The next resistance located at 24.26 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 24.58 USD. After this resistance, buyers could then target 25.20 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8
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This analysis was given by Anasabbas1991. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - USD rating 23.95 USD. The price has increased by +0.04% since the last closing with the lowest point at 23.62 USD and the highest point at 23.98 USD. The deviation from the price is +1.40% for the low point and -0.13% for the high point.23.62
23.98
23.95
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SILVER - USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 23.02 | 23.27 | 23.42 | 23.95 | 24.31 | 24.72 | 25.12 |
| Change (%) | -3.88% | -2.84% | -2.21% | - | +1.50% | +3.22% | +4.89% |
| Change | -0.93 | -0.68 | -0.53 | - | +0.36 | +0.77 | +1.17 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | 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 | 22.38 | 22.70 | 23.32 | 23.64 | 24.26 | 24.58 | 25.20 |
| Camarilla | 23.68 | 23.77 | 23.85 | 23.94 | 24.03 | 24.11 | 24.20 |
| Woodie | 22.53 | 22.78 | 23.47 | 23.72 | 24.41 | 24.66 | 25.35 |
| Fibonacci | 22.70 | 23.06 | 23.28 | 23.64 | 24.00 | 24.22 | 24.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.51 | 21.89 | 22.51 | 22.89 | 23.51 | 23.89 | 24.51 |
| Camarilla | 22.86 | 22.95 | 23.04 | 23.13 | 23.22 | 23.31 | 23.41 |
| Woodie | 21.63 | 21.95 | 22.63 | 22.95 | 23.63 | 23.95 | 24.63 |
| Fibonacci | 21.89 | 22.27 | 22.51 | 22.89 | 23.27 | 23.51 | 23.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.33 | 21.13 | 21.90 | 22.70 | 23.47 | 24.27 | 25.04 |
| Camarilla | 22.24 | 22.38 | 22.53 | 22.67 | 22.81 | 22.96 | 23.10 |
| Woodie | 20.32 | 21.12 | 21.89 | 22.69 | 23.46 | 24.26 | 25.03 |
| Fibonacci | 21.13 | 21.73 | 22.10 | 22.70 | 23.30 | 23.67 | 24.27 |
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): | 60.57 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 10.66 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 23.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.98 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 23.82 | |
| Zig ZAG (10): | 23.94 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 63.61 | |
| TEMA (21): | 23.96 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.80 |
| MA7: | 23.01 | |
| MA20: | 22.83 | |
| MA50: | 22.95 | |
| MA100: | 23.23 | |
| MAexp7: | 23.93 | |
| MAexp20: | 23.90 | |
| MAexp50: | 23.82 | |
| MAexp100: | 23.67 | |
| Price / MA7: | +4.09% | |
| Price / MA20: | +4.91% | |
| Price / MA50: | +4.36% | |
| Price / MA100: | +3.10% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.55% | |
| Price / MAexp100: | +1.18% |
Quotes :
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Real time data
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Gold & Silver Spot
News
The latest news and videos published on SILVER - USD at the time of the analysis were as follows:
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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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