SILVER - USD - 1H - Technical analysis published on 03/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 21.31 USD
My targets
22.68 USD (+3.67%)
23.20 USD (+6.03%)
My analysis
The bullish trend is currently very strong on SILVER - USD. As long as the price remains above the support at 21.31 USD, you could try to benefit from the boom. The first bullish objective is located at 22.68 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 23.20 USD as an objective. Crossing it would then enable buyers to target 24.32 USD. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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This analysis was given by Pietertjie. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD rating is 21.88 USD. On the day, this instrument gained +0.92% with the lowest point at 21.54 USD and the highest point at 22.38 USD. The deviation from the price is +1.58% for the low point and -2.23% for the high point.21.54
22.38
21.88
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 1H shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.68 | 20.85 | 21.31 | 21.88 | 21.93 | 23.20 | 24.32 |
| Change (%) | -5.48% | -4.71% | -2.61% | - | +0.23% | +6.03% | +11.15% |
| Change | -1.20 | -1.03 | -0.57 | - | +0.05 | +1.32 | +2.44 |
| Level | Major | Minor | Major | - | Intermediate | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 20.95 | 21.21 | 21.45 | 21.71 | 21.95 | 22.21 | 22.45 |
| Camarilla | 21.54 | 21.59 | 21.63 | 21.68 | 21.73 | 21.77 | 21.82 |
| Woodie | 20.93 | 21.21 | 21.43 | 21.71 | 21.93 | 22.21 | 22.43 |
| Fibonacci | 21.21 | 21.40 | 21.52 | 21.71 | 21.90 | 22.02 | 22.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.45 | 19.18 | 19.86 | 20.59 | 21.27 | 22.00 | 22.68 |
| Camarilla | 20.16 | 20.29 | 20.42 | 20.55 | 20.68 | 20.81 | 20.94 |
| Woodie | 18.44 | 19.17 | 19.85 | 20.58 | 21.26 | 21.99 | 22.67 |
| Fibonacci | 19.18 | 19.72 | 20.05 | 20.59 | 21.13 | 21.46 | 22.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.10 | 17.76 | 19.32 | 21.98 | 23.54 | 26.20 | 27.76 |
| Camarilla | 19.72 | 20.11 | 20.49 | 20.88 | 21.27 | 21.65 | 22.04 |
| Woodie | 14.55 | 17.49 | 18.77 | 21.71 | 22.99 | 25.93 | 27.21 |
| Fibonacci | 17.76 | 19.37 | 20.37 | 21.98 | 23.59 | 24.59 | 26.20 |
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): | 54.96 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 7.54 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 21.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.71 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 21.72 | |
| Zig ZAG (10): | 21.92 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 53.97 | |
| TEMA (21): | 21.97 | |
| Williams %R (14): | -57.14 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | -0.6500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 2.12 |
| MA7: | 20.87 | |
| MA20: | 21.12 | |
| MA50: | 22.40 | |
| MA100: | 22.27 | |
| MAexp7: | 21.95 | |
| MAexp20: | 21.86 | |
| MAexp50: | 21.64 | |
| MAexp100: | 21.31 | |
| Price / MA7: | +4.84% | |
| Price / MA20: | +3.60% | |
| Price / MA50: | -2.32% | |
| Price / MA100: | -1.75% | |
| Price / MAexp7: | -0.32% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +1.11% | |
| Price / MAexp100: | +2.67% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
Don't forget to follow the news on SILVER - USD. At the time of publication of this analysis, the latest news was as follows:
-
Silver Prices forecast for the week of December 12 2016, Technical Analysis
-
Silver Technical Analysis for December 12 2016 by FXEmpire.com
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Silver Technical Analysis for December 09 2016 by FXEmpire.com
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Silver Technical Analysis for December 08 2016 by FXEmpire.com
-
Silver Technical Analysis for December 07 2016 by FXEmpire.com
This member declared not having a position on this financial instrument or a related financial instrument.
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