SILVER - USD - 1H - Technical analysis published on 06/20/2019 (GMT)
- Who voted?
- 359
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 15.26 USD
My targets
15.75 USD (+1.81%)
16.13 USD (+4.27%)
My analysis
SILVER 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 15.26 USD. The next resistance located at 15.75 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 16.13 USD. After this resistance, buyers could then target 17.26 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.
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 15.47 USD. On the day, this instrument gained +2.25% and was traded between 15.13 USD and 15.48 USD over the period. The price is currently at +2.25% from its lowest and -0.06% from its highest.15.13
15.48
15.47
Here is a more detailed summary of the historical variations registered by SILVER:
Technical
Technical analysis of this 1H chart of SILVER 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
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 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 15.03 | 15.12 | 15.26 | 15.47 | 15.75 | 16.13 | 17.26 |
Change (%) | -2.84% | -2.26% | -1.36% | - | +1.81% | +4.27% | +11.57% |
Change | -0.44 | -0.35 | -0.21 | - | +0.28 | +0.66 | +1.79 |
Level | Major | Minor | Minor | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14.71 | 14.82 | 14.97 | 15.08 | 15.23 | 15.34 | 15.49 |
Camarilla | 15.06 | 15.08 | 15.11 | 15.13 | 15.15 | 15.18 | 15.20 |
Woodie | 14.74 | 14.83 | 15.00 | 15.09 | 15.26 | 15.35 | 15.52 |
Fibonacci | 14.82 | 14.92 | 14.98 | 15.08 | 15.18 | 15.24 | 15.34 |
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 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): | 82.43 | |
MACD (12,26,9): | 0.1000 | |
Directional Movement: | 21.39 | |
AROON (14): | 100.00 | |
DEMA (21): | 15.43 | |
Parabolic SAR (0,02-0,02-0,2): | 15.29 | |
Elder Ray (13): | 0.09 | |
Super Trend (3,10): | 15.24 | |
Zig ZAG (10): | 15.47 | |
VORTEX (21): | 1.3000 | |
Stochastique (14,3,5): | 92.46 | |
TEMA (21): | 15.46 | |
Williams %R (14): | -4.00 | |
Chande Momentum Oscillator (20): | 0.23 | |
Repulse (5,40,3): | 0.7600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0900 | |
Courbe Coppock: | 2.50 |
MA7: | 15.01 | |
MA20: | 14.79 | |
MA50: | 14.81 | |
MA100: | 15.15 | |
MAexp7: | 15.40 | |
MAexp20: | 15.30 | |
MAexp50: | 15.16 | |
MAexp100: | 15.05 | |
Price / MA7: | +3.06% | |
Price / MA20: | +4.60% | |
Price / MA50: | +4.46% | |
Price / MA100: | +2.11% | |
Price / MAexp7: | +0.45% | |
Price / MAexp20: | +1.11% | |
Price / MAexp50: | +2.04% | |
Price / MAexp100: | +2.79% |
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis SILVER - USD - 1H