SILVER - EUR

- EUR (-)

- Real time data - Gold & Silver Spot

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Change:	-
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Type:	Commodities
Ticker:	XAGEUR
ISIN:

SILVER - EUR - 1H - Technical analysis published on 06/28/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 26.95 EUR

My targets

27.67 EUR (+1.21%)

27.89 EUR (+2.01%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SILVER - EUR as long as the price remains well above 26.95 EUR. The buyers' bullish objective is set at 27.67 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 27.89 EUR. If there is any crossing, the next objective would be the resistance located at 28.39 EUR.

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

6.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Sk1965. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SILVER - EUR rating is 27.34 EUR. The price has increased by +0.92% since the last closing and was traded between 26.89 EUR and 27.40 EUR over the period. The price is currently at +1.67% from its lowest and -0.22% from its highest.

26.89

27.40

27.34

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.

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 an item:

Near a new LOW record (1 month)

Type : Bearish

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 bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by 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 bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26.76	26.95	27.34	27.34	27.67	27.89	28.39
Change (%)	-2.12%	-1.43%	0%	-	+1.21%	+2.01%	+3.84%
Change	-0.58	-0.39	0	-	+0.33	+0.55	+1.05
Level	Minor	Major	Intermediate	-	Intermediate	Minor	Minor

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
Standard	26.40	26.62	26.85	27.07	27.30	27.52	27.75
Camarilla	26.97	27.01	27.05	27.09	27.13	27.17	27.21
Woodie	26.42	26.62	26.87	27.07	27.32	27.52	27.77
Fibonacci	26.62	26.79	26.90	27.07	27.24	27.35	27.52

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.94	25.95	26.79	27.80	28.64	29.65	30.49
Camarilla	27.12	27.29	27.46	27.63	27.80	27.97	28.14
Woodie	24.86	25.91	26.71	27.76	28.56	29.61	30.41
Fibonacci	25.95	26.66	27.09	27.80	28.51	28.94	29.65

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.18	21.71	24.87	27.40	30.56	33.09	36.25
Camarilla	26.47	26.99	27.51	28.03	28.55	29.07	29.60
Woodie	19.50	21.87	25.19	27.56	30.88	33.25	36.57
Fibonacci	21.71	23.88	25.23	27.40	29.57	30.92	33.09

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):	65.39
MACD (12,26,9):	0.0800
Directional Movement:	12.54
AROON (14):	50.00
DEMA (21):	27.26
Parabolic SAR (0,02-0,02-0,2):	27.02
Elder Ray (13):	0.15
Super Trend (3,10):	27.04
Zig ZAG (10):	27.35
VORTEX (21):	1.1300
Stochastique (14,3,5):	88.64
TEMA (21):	27.33
Williams %R (14):	-9.80
Chande Momentum Oscillator (20):	0.29
Repulse (5,40,3):	0.1900
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.59

MA7:	27.45
MA20:	27.52
MA50:	27.11
MA100:	25.09
MAexp7:	27.27
MAexp20:	27.17
MAexp50:	27.13
MAexp100:	27.22
Price / MA7:	-0.40%
Price / MA20:	-0.65%
Price / MA50:	+0.85%
Price / MA100:	+8.97%
Price / MAexp7:	+0.26%
Price / MAexp20:	+0.63%
Price / MAexp50:	+0.77%
Price / MAexp100:	+0.44%

Quotes : - Real time data - Gold & Silver Spot

This member declared not having a position on this financial instrument or a related financial instrument.

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