SILVER - USD - 1H - Technical analysis published on 03/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 17.05 USD
My targets
16.81 USD (-0.30%)
16.57 USD (-1.72%)
My analysis
The bearish basic trend is very strong on SILVER but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 17.05 USD. Crossing the first support at 16.81 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 16.57 USD as an objective. Crossing it would then enable sellers to target 16.39 USD. Caution, a return to above the resistance located at 17.05 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
6.4
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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 16.86 USD. The price is lower by -0.59% since the last closing and was between 16.84 USD and 17.11 USD. This implies that the price is at +0.12% from its lowest and at -1.46% from its highest.16.84
17.11
16.86
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of this 1H chart of SILVER indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.39 | 16.57 | 16.81 | 16.86 | 17.05 | 17.20 | 17.50 |
| Change (%) | -2.79% | -1.72% | -0.30% | - | +1.13% | +2.02% | +3.80% |
| Change | -0.47 | -0.29 | -0.05 | - | +0.19 | +0.34 | +0.64 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.39 | 16.60 | 16.78 | 16.99 | 17.17 | 17.38 | 17.56 |
| Camarilla | 16.85 | 16.89 | 16.92 | 16.96 | 17.00 | 17.03 | 17.07 |
| Woodie | 16.38 | 16.59 | 16.77 | 16.98 | 17.16 | 17.37 | 17.55 |
| Fibonacci | 16.60 | 16.75 | 16.84 | 16.99 | 17.14 | 17.23 | 17.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.49 | 15.96 | 16.64 | 17.11 | 17.79 | 18.26 | 18.94 |
| Camarilla | 17.00 | 17.11 | 17.22 | 17.32 | 17.43 | 17.53 | 17.64 |
| Woodie | 15.60 | 16.01 | 16.75 | 17.16 | 17.90 | 18.31 | 19.05 |
| Fibonacci | 15.96 | 16.40 | 16.67 | 17.11 | 17.55 | 17.82 | 18.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.17 | 14.78 | 15.73 | 17.34 | 18.29 | 19.90 | 20.85 |
| Camarilla | 15.98 | 16.21 | 16.45 | 16.68 | 16.92 | 17.15 | 17.38 |
| Woodie | 12.84 | 14.62 | 15.40 | 17.18 | 17.96 | 19.74 | 20.52 |
| Fibonacci | 14.78 | 15.76 | 16.36 | 17.34 | 18.32 | 18.92 | 19.90 |
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): | 41.03 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -5.95 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 16.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 17.07 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 17.12 | |
| Zig ZAG (10): | 16.87 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 9.07 | |
| TEMA (21): | 16.93 | |
| Williams %R (14): | -88.89 | |
| Chande Momentum Oscillator (20): | -0.19 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.81 |
| MA7: | 17.14 | |
| MA20: | 17.63 | |
| MA50: | 17.78 | |
| MA100: | 17.53 | |
| MAexp7: | 16.93 | |
| MAexp20: | 16.97 | |
| MAexp50: | 17.00 | |
| MAexp100: | 17.06 | |
| Price / MA7: | -1.63% | |
| Price / MA20: | -4.37% | |
| Price / MA50: | -5.17% | |
| Price / MA100: | -3.82% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | -0.82% | |
| Price / MAexp100: | -1.17% |
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.
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