SILVER - USD - 1H - Technical analysis published on 06/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 14.86 USD
My targets
15.00 USD (+0.27%)
15.04 USD (+0.53%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on SILVER as long as the price remains well above 14.86 USD. The buyers” bullish objective is set at 15.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.04 USD. If there is any crossing, the next objective would be the resistance located at 15.15 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER rating 14.96 USD. The price registered an increase of +0.81% on the session and was between 14.80 USD and 15.03 USD. This implies that the price is at +1.08% from its lowest and at -0.47% from its highest.14.80
15.03
14.96
Here is a more detailed summary of the historical variations registered by SILVER:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SILVER in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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 : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 14.69 | 14.76 | 14.86 | 14.96 | 15.00 | 15.04 | 15.15 |
Change (%) | -1.80% | -1.34% | -0.67% | - | +0.27% | +0.53% | +1.27% |
Change | -0.27 | -0.20 | -0.10 | - | +0.04 | +0.08 | +0.19 |
Level | Minor | Major | Major | - | Minor | Major | 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 | 14.65 | 14.71 | 14.78 | 14.84 | 14.91 | 14.97 | 15.04 |
Camarilla | 14.80 | 14.82 | 14.83 | 14.84 | 14.85 | 14.86 | 14.88 |
Woodie | 14.65 | 14.71 | 14.77 | 14.84 | 14.90 | 14.97 | 15.03 |
Fibonacci | 14.71 | 14.76 | 14.79 | 14.84 | 14.89 | 14.92 | 14.97 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14.17 | 14.41 | 14.64 | 14.88 | 15.11 | 15.35 | 15.58 |
Camarilla | 14.74 | 14.78 | 14.83 | 14.87 | 14.91 | 14.96 | 15.00 |
Woodie | 14.16 | 14.41 | 14.64 | 14.88 | 15.10 | 15.35 | 15.57 |
Fibonacci | 14.41 | 14.59 | 14.70 | 14.88 | 15.06 | 15.17 | 15.35 |
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): | 64.92 | |
MACD (12,26,9): | 0.0200 | |
Directional Movement: | 21.72 | |
AROON (14): | 78.57 | |
DEMA (21): | 14.92 | |
Parabolic SAR (0,02-0,02-0,2): | 14.86 | |
Elder Ray (13): | 0.06 | |
Super Trend (3,10): | 14.86 | |
Zig ZAG (10): | 14.95 | |
VORTEX (21): | 1.1300 | |
Stochastique (14,3,5): | 79.37 | |
TEMA (21): | 14.95 | |
Williams %R (14): | -33.33 | |
Chande Momentum Oscillator (20): | 0.09 | |
Repulse (5,40,3): | 0.0900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 1.16 |
MA7: | 14.84 | |
MA20: | 14.71 | |
MA50: | 14.80 | |
MA100: | 15.16 | |
MAexp7: | 14.94 | |
MAexp20: | 14.90 | |
MAexp50: | 14.88 | |
MAexp100: | 14.87 | |
Price / MA7: | +0.81% | |
Price / MA20: | +1.70% | |
Price / MA50: | +1.08% | |
Price / MA100: | -1.32% | |
Price / MAexp7: | +0.13% | |
Price / MAexp20: | +0.40% | |
Price / MAexp50: | +0.54% | |
Price / MAexp100: | +0.61% |
News
Don"t forget to follow the news on SILVER. 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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