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

SILVER - AUD
- AUD (-)
- Real time data - Gold & Silver Spot
Type: Commodities
Ticker: XAGAUD
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 30.37 AUD
My targets
30.03 AUD (-0.69%)
29.25 AUD (-3.27%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SILVER - AUD as long as the price remains well below 30.37 AUD. The sellers' bearish objective is set at 30.03 AUD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 29.25 AUD. In case of crossing, the next objective would be the support located at 27.24 AUD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound 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 - AUD price is 30.24 AUD. On the day, this instrument lost -0.66% and was traded between 30.15 AUD and 30.58 AUD over the period. The price is currently at +0.30% from its lowest and -1.11% from its highest.

30.15
30.58
30.24

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of SILVER - AUD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

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 1

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.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 23.02 27.24 30.03 30.24 30.37 30.64 30.76
Change (%) -23.88% -9.92% -0.69% - +0.43% +1.32% +1.72%
Change -7.22 -3.00 -0.21 - +0.13 +0.40 +0.52
Level Major Major Major - Intermediate Intermediate 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
Standard29.3929.8830.1630.6530.9331.4231.70
Camarilla30.2330.3030.3730.4430.5130.5830.65
Woodie29.2929.8330.0630.6030.8331.3731.60
Fibonacci29.8830.1730.3630.6530.9431.1331.42


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard29.2529.7230.4830.9531.7132.1832.94
Camarilla30.9031.0231.1331.2431.3531.4731.58
Woodie29.4029.7930.6331.0231.8632.2533.09
Fibonacci29.7230.1930.4830.9531.4231.7132.18


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard26.4528.1029.0530.7031.6533.3034.25
Camarilla29.2929.5229.7630.0030.2430.4830.72
Woodie26.1027.9328.7030.5331.3033.1333.90
Fibonacci28.1029.0929.7130.7031.6932.3133.30

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): 35.99
MACD (12,26,9): -0.1200
Directional Movement: -22.00
AROON (14): 28.58
DEMA (21): 30.32
Parabolic SAR (0,02-0,02-0,2): 30.47
Elder Ray (13): -0.14
Super Trend (3,10): 30.76
Zig ZAG (10): 30.22
VORTEX (21): 0.8100
Stochastique (14,3,5): 38.76
TEMA (21): 30.29
Williams %R (14): -83.72
Chande Momentum Oscillator (20): -0.25
Repulse (5,40,3): -0.5000
ROCnROLL: 2
TRIX (15,9): -0.0600
Courbe Coppock: 1.07
MA7: 30.86
MA20: 30.69
MA50: 31.38
MA100: 32.53
MAexp7: 30.36
MAexp20: 30.48
MAexp50: 30.67
MAexp100: 30.80
Price / MA7: -2.01%
Price / MA20: -1.47%
Price / MA50: -3.63%
Price / MA100: -7.04%
Price / MAexp7: -0.40%
Price / MAexp20: -0.79%
Price / MAexp50: -1.40%
Price / MAexp100: -1.82%

Quotes : - Real time data - Gold & Silver Spot