SILVER - EUR - 1H - Technical analysis published on 07/21/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 18.15 EUR
My targets
17.57 EUR (-2.41%)
16.98 EUR (-5.65%)
My analysis
SILVER - EUR is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 18.15 EUR. The next support located at 17.57 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 16.98 EUR. Below this support, sellers could then target 16.33 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.7
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This analysis was given by nwbrown2. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - EUR rating 18.00 EUR. On the day, this instrument lost -1.91% and was between 17.99 EUR and 18.35 EUR. This implies that the price is at +0.06% from its lowest and at -1.91% from its highest.17.99
18.35
18.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of SILVER - EUR in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish 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 does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 12.38 | 14.98 | 16.33 | 18.00 | 18.15 | 18.30 | 18.46 |
| Change (%) | -31.22% | -16.78% | -9.28% | - | +0.83% | +1.67% | +2.56% |
| Change | -5.62 | -3.02 | -1.67 | - | +0.15 | +0.30 | +0.46 |
| Level | Major | Minor | Minor | - | Minor | 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 | 17.79 | 18.03 | 18.19 | 18.43 | 18.59 | 18.83 | 18.99 |
| Camarilla | 18.24 | 18.28 | 18.31 | 18.35 | 18.39 | 18.42 | 18.46 |
| Woodie | 17.75 | 18.01 | 18.15 | 18.41 | 18.55 | 18.81 | 18.95 |
| Fibonacci | 18.03 | 18.18 | 18.28 | 18.43 | 18.58 | 18.68 | 18.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.98 | 17.57 | 18.05 | 18.64 | 19.12 | 19.71 | 20.19 |
| Camarilla | 18.25 | 18.34 | 18.44 | 18.54 | 18.64 | 18.74 | 18.83 |
| Woodie | 16.94 | 17.54 | 18.01 | 18.61 | 19.08 | 19.68 | 20.15 |
| Fibonacci | 17.57 | 17.98 | 18.23 | 18.64 | 19.05 | 19.30 | 19.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.96 | 18.11 | 18.72 | 19.87 | 20.48 | 21.63 | 22.24 |
| Camarilla | 18.86 | 19.02 | 19.18 | 19.34 | 19.50 | 19.66 | 19.82 |
| Woodie | 16.70 | 17.98 | 18.46 | 19.74 | 20.22 | 21.50 | 21.98 |
| Fibonacci | 18.11 | 18.78 | 19.19 | 19.87 | 20.54 | 20.95 | 21.63 |
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): | 24.01 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -20.12 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 18.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.29 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 18.30 | |
| Zig ZAG (10): | 18.02 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 6.47 | |
| TEMA (21): | 18.11 | |
| Williams %R (14): | -95.00 | |
| Chande Momentum Oscillator (20): | -0.31 | |
| Repulse (5,40,3): | -0.7600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.75 |
| MA7: | 18.45 | |
| MA20: | 18.99 | |
| MA50: | 19.90 | |
| MA100: | 21.21 | |
| MAexp7: | 18.15 | |
| MAexp20: | 18.26 | |
| MAexp50: | 18.34 | |
| MAexp100: | 18.43 | |
| Price / MA7: | -2.44% | |
| Price / MA20: | -5.21% | |
| Price / MA50: | -9.55% | |
| Price / MA100: | -15.13% | |
| Price / MAexp7: | -0.83% | |
| Price / MAexp20: | -1.42% | |
| Price / MAexp50: | -1.85% | |
| Price / MAexp100: | -2.33% |
Quotes :
-
Real time data
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Gold & Silver Spot
This member declared not having a position on this financial instrument or a related financial instrument.
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