Londinia Opportunities Analyses - 06/24/2022 (GMT) SILVER - CHF - 1H

SILVER - CHF
- CHF (-)
- Real time data - Gold & Silver Spot
Type: Commodities
Ticker: XAGCHF
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 20.11 CHF
My targets
19.77 CHF (-1.17%)
19.03 CHF (-4.87%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SILVER - CHF as long as the price remains well below 20.11 CHF. The sellers' bearish objective is set at 19.77 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.03 CHF. In case of crossing, the next objective would be the support located at 17.23 CHF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The SILVER - CHF rating is 20.00 CHF. The price is lower by -0.99% since the last closing with the lowest point at 19.98 CHF and the highest point at 20.31 CHF. The deviation from the price is +0.10% for the low point and -1.53% for the high point.

19.98
20.31
20.00

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by SILVER - CHF:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of this 1H chart of SILVER - CHF indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.87 13.53 17.23 20.00 20.11 20.35 20.67
Change (%) -40.65% -32.35% -13.85% - +0.55% +1.75% +3.35%
Change -8.13 -6.47 -2.77 - +0.11 +0.35 +0.67
Level Minor Major Intermediate - Major 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
Standard19.4219.7719.9820.3320.5420.8921.10
Camarilla20.0520.1020.1520.2020.2520.3020.35
Woodie19.3619.7419.9220.3020.4820.8621.04
Fibonacci19.7719.9820.1120.3320.5420.6720.89


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.7720.3120.6821.2221.5922.1322.50
Camarilla20.7920.8720.9621.0421.1221.2121.29
Woodie19.6820.2720.5921.1821.5022.0922.41
Fibonacci20.3120.6620.8821.2221.5721.7922.13


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.5319.0319.8521.3522.1723.6724.49
Camarilla20.0420.2620.4720.6820.8921.1121.32
Woodie17.2018.8619.5221.1821.8423.5024.16
Fibonacci19.0319.9120.4621.3522.2322.7823.67

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): 34.08
MACD (12,26,9): -0.1000
Directional Movement: -22.29
AROON (14): -35.71
DEMA (21): 20.09
Parabolic SAR (0,02-0,02-0,2): 20.29
Elder Ray (13): -0.12
Super Trend (3,10): 20.40
Zig ZAG (10): 20.00
VORTEX (21): 0.7900
Stochastique (14,3,5): 26.53
TEMA (21): 20.08
Williams %R (14): -93.75
Chande Momentum Oscillator (20): -0.21
Repulse (5,40,3): -0.5800
ROCnROLL: 2
TRIX (15,9): -0.0700
Courbe Coppock: 0.99
MA7: 20.68
MA20: 21.06
MA50: 21.65
MA100: 22.27
MAexp7: 20.12
MAexp20: 20.22
MAexp50: 20.39
MAexp100: 20.59
Price / MA7: -3.29%
Price / MA20: -5.03%
Price / MA50: -7.62%
Price / MA100: -10.19%
Price / MAexp7: -0.60%
Price / MAexp20: -1.09%
Price / MAexp50: -1.91%
Price / MAexp100: -2.87%

Quotes : - Real time data - Gold & Silver Spot