SILVER - USD - 1H - Technical analysis published on 07/19/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 16.08 USD
My targets
17.26 USD (+6.74%)
18.53 USD (+14.59%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SILVER. As long as you are above the support located at 16.08 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 17.26 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 18.53 USD as an objective. Crossing it would then enable buyers to target 20.70 USD. If the support 16.08 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more 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
The SILVER rating is 16.17 USD. The price registered a decrease of -0.98% on the session and was between 16.12 USD and 16.59 USD. This implies that the price is at +0.31% from its lowest and at -2.53% from its highest.16.12
16.59
16.17
Here is a more detailed summary of the historical variations registered by SILVER:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SILVER in 1H shows an overall bullish trend. The signals given by moving averages are 75% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 15.52 | 15.74 | 16.08 | 16.17 | 17.26 | 18.53 | 20.70 |
Change (%) | -4.02% | -2.66% | -0.56% | - | +6.74% | +14.59% | +28.01% |
Change | -0.65 | -0.43 | -0.09 | - | +1.09 | +2.36 | +4.53 |
Level | Minor | Major | Major | - | Minor | Minor | Major |
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 | 15.56 | 15.74 | 16.04 | 16.22 | 16.52 | 16.70 | 17.00 |
Camarilla | 16.20 | 16.24 | 16.29 | 16.33 | 16.37 | 16.42 | 16.46 |
Woodie | 15.61 | 15.77 | 16.09 | 16.25 | 16.57 | 16.73 | 17.05 |
Fibonacci | 15.74 | 15.93 | 16.04 | 16.22 | 16.41 | 16.52 | 16.70 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14.64 | 14.79 | 15.01 | 15.16 | 15.38 | 15.53 | 15.75 |
Camarilla | 15.12 | 15.15 | 15.19 | 15.22 | 15.25 | 15.29 | 15.32 |
Woodie | 14.67 | 14.81 | 15.04 | 15.18 | 15.41 | 15.55 | 15.78 |
Fibonacci | 14.79 | 14.94 | 15.02 | 15.16 | 15.31 | 15.39 | 15.53 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13.76 | 14.17 | 14.74 | 15.15 | 15.72 | 16.13 | 16.70 |
Camarilla | 15.04 | 15.13 | 15.22 | 15.31 | 15.40 | 15.49 | 15.58 |
Woodie | 13.84 | 14.21 | 14.82 | 15.19 | 15.80 | 16.17 | 16.78 |
Fibonacci | 14.17 | 14.54 | 14.78 | 15.15 | 15.52 | 15.76 | 16.13 |
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): | 46.43 | |
MACD (12,26,9): | 0.0600 | |
Directional Movement: | 9.14 | |
AROON (14): | -7.14 | |
DEMA (21): | 16.43 | |
Parabolic SAR (0,02-0,02-0,2): | 16.59 | |
Elder Ray (13): | 0.01 | |
Super Trend (3,10): | 16.69 | |
Zig ZAG (10): | 16.16 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 43.14 | |
TEMA (21): | 16.38 | |
Williams %R (14): | -95.45 | |
Chande Momentum Oscillator (20): | -0.26 | |
Repulse (5,40,3): | -2.0700 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0800 | |
Courbe Coppock: | 0.42 |
MA7: | 15.68 | |
MA20: | 15.40 | |
MA50: | 15.01 | |
MA100: | 15.06 | |
MAexp7: | 16.35 | |
MAexp20: | 16.33 | |
MAexp50: | 16.15 | |
MAexp100: | 15.90 | |
Price / MA7: | +3.13% | |
Price / MA20: | +5.00% | |
Price / MA50: | +7.73% | |
Price / MA100: | +7.37% | |
Price / MAexp7: | -1.10% | |
Price / MAexp20: | -0.98% | |
Price / MAexp50: | +0.12% | |
Price / MAexp100: | +1.70% |
News
The last news published on SILVER at the time of the generation of this analysis 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…
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