Londinia Opportunities Analyses - 01/26/2023 (GMT) SILVER - EUR - 1H
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EUR
(-)
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Real time data - Gold & Silver Spot
| Type: | Commodities |
| Ticker: | XAGEUR |
| ISIN: |
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 21.85 EUR
My targets
22.13 EUR (+0.73%)
22.41 EUR (+2.00%)
My analysis
The bullish trend is currently very strong on SILVER - EUR. As long as the price remains above the support at 21.85 EUR, you could try to benefit from the boom. The first bullish objective is located at 22.13 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 22.41 EUR as an objective. Crossing it would then enable buyers to target 22.56 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
SILVER - EUR rating 21.97 EUR. On the day, this instrument gained +0.14% and was between 21.63 EUR and 22.26 EUR. This implies that the price is at +1.57% from its lowest and at -1.30% from its highest.21.63
22.26
21.97
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on SILVER - EUR were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this SILVER - EUR chart shows a strongly bullish trend. 89.29% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.45 | 21.71 | 21.85 | 21.97 | 21.97 | 22.13 | 22.41 |
| Change (%) | -2.37% | -1.18% | -0.55% | 0% | - | +0.73% | +2.00% |
| Change | -0.52 | -0.26 | -0.12 | 0 | - | +0.16 | +0.44 |
| Level | Major | Minor | Minor | Intermediate | - | 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 | 21.11 | 21.29 | 21.61 | 21.79 | 22.11 | 22.29 | 22.61 |
| Camarilla | 21.80 | 21.85 | 21.89 | 21.94 | 21.99 | 22.03 | 22.08 |
| Woodie | 21.19 | 21.33 | 21.69 | 21.83 | 22.19 | 22.33 | 22.69 |
| Fibonacci | 21.29 | 21.48 | 21.60 | 21.79 | 21.98 | 22.10 | 22.29 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.36 | 20.91 | 21.47 | 22.02 | 22.58 | 23.13 | 23.69 |
| Camarilla | 21.74 | 21.84 | 21.94 | 22.04 | 22.14 | 22.24 | 22.35 |
| Woodie | 20.38 | 20.91 | 21.49 | 22.02 | 22.60 | 23.13 | 23.71 |
| Fibonacci | 20.91 | 21.33 | 21.59 | 22.02 | 22.44 | 22.70 | 23.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.49 | 20.26 | 21.33 | 22.10 | 23.17 | 23.94 | 25.01 |
| Camarilla | 21.88 | 22.05 | 22.22 | 22.39 | 22.56 | 22.73 | 22.90 |
| Woodie | 19.63 | 20.34 | 21.47 | 22.18 | 23.31 | 24.02 | 25.15 |
| Fibonacci | 20.26 | 20.97 | 21.40 | 22.10 | 22.81 | 23.24 | 23.94 |
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): | 57.79 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 18.53 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 21.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.75 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 21.66 | |
| Zig ZAG (10): | 21.96 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 51.32 | |
| TEMA (21): | 21.95 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.95 |
| MA7: | 21.85 | |
| MA20: | 22.12 | |
| MA50: | 21.81 | |
| MA100: | 20.84 | |
| MAexp7: | 21.93 | |
| MAexp20: | 21.86 | |
| MAexp50: | 21.80 | |
| MAexp100: | 21.80 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | -0.68% | |
| Price / MA50: | +0.73% | |
| Price / MA100: | +5.42% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +0.73% | |
| Price / MAexp100: | +0.73% |
Quotes :
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Real time data
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Gold & Silver Spot