Londinia Opportunities Analyses - 01/26/2023 (GMT) SILVER - JPY - 1H

SILVER - JPY
- JPY (-)
- Real time data - Gold & Silver Spot
Type: Commodities
Ticker: XAGJPY
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 bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 3,090 JPY
My targets
3,158 JPY (+1.41%)
3,288 JPY (+5.59%)
My analysis
The bullish trend is currently very strong on SILVER - JPY. As long as the price remains above the support at 3,090 JPY, you could try to benefit from the boom. The first bullish objective is located at 3,158 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3,288 JPY as an objective. Crossing it would then enable buyers to target 3,977 JPY. 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

The SILVER - JPY rating is 3,114 JPY. The price has increased by +0.55% since the last closing and was between 3,060 JPY and 3,156 JPY. This implies that the price is at +1.76% from its lowest and at -1.33% from its highest.

3,060
3,156
3,114

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this SILVER - JPY chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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


S3S2S1PriceR1R2R3
ProTrendLines 3,029 3,057 3,090 3,114 3,121 3,158 3,288
Change (%) -2.73% -1.83% -0.77% - +0.22% +1.41% +5.59%
Change -85 -57 -24 - +7 +44 +174
Level Intermediate Minor Intermediate - Major 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
Standard2,9783,0043,0503,0763,1223,1483,194
Camarilla3,0773,0843,0903,0973,1043,1103,117
Woodie2,9893,0093,0613,0813,1333,1533,205
Fibonacci3,0043,0313,0483,0763,1033,1203,148


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,8192,8992,9983,0783,1773,2573,356
Camarilla3,0483,0643,0813,0973,1133,1303,146
Woodie2,8292,9043,0083,0833,1873,2623,366
Fibonacci2,8992,9673,0103,0783,1463,1893,257


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,7662,8873,0143,1353,2623,3833,510
Camarilla3,0743,0973,1193,1423,1653,1873,210
Woodie2,7702,8893,0183,1373,2663,3853,514
Fibonacci2,8872,9813,0403,1353,2293,2883,383

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): 60.00
MACD (12,26,9): 9.0000
Directional Movement: 22
AROON (14): 50
DEMA (21): 3,105
Parabolic SAR (0,02-0,02-0,2): 3,079
Elder Ray (13): 10
Super Trend (3,10): 3,061
Zig ZAG (10): 3,113
VORTEX (21): 1.0000
Stochastique (14,3,5): 52.00
TEMA (21): 3,111
Williams %R (14): -43.00
Chande Momentum Oscillator (20): 45
Repulse (5,40,3): 0.0000
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 2.00
MA7: 3,075
MA20: 3,103
MA50: 3,100
MA100: 2,980
MAexp7: 3,106
MAexp20: 3,095
MAexp50: 3,084
MAexp100: 3,079
Price / MA7: +1.27%
Price / MA20: +0.35%
Price / MA50: +0.45%
Price / MA100: +4.50%
Price / MAexp7: +0.26%
Price / MAexp20: +0.61%
Price / MAexp50: +0.97%
Price / MAexp100: +1.14%

Quotes : - Real time data - Gold & Silver Spot