SILVER - USD - 1H - Technical analysis published on 06/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 28.85 USD
My targets
29.34 USD (+0.27%)
29.77 USD (+1.74%)
My analysis
SILVER - USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 28.85 USD. The next resistance located at 29.34 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 29.77 USD. After this resistance, buyers could then target 30.02 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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This analysis was given by Sk1965. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD rating is 29.26 USD. The price registered an increase of +0.86% on the session and was between 28.77 USD and 29.31 USD. This implies that the price is at +1.70% from its lowest and at -0.17% from its highest.28.77
29.31
29.26
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SILVER - USD chart shows a bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced 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.
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.20 | 28.53 | 28.85 | 29.26 | 29.34 | 29.77 | 30.02 |
| Change (%) | -10.46% | -2.49% | -1.40% | - | +0.27% | +1.74% | +2.60% |
| Change | -3.06 | -0.73 | -0.41 | - | +0.08 | +0.51 | +0.76 |
| Level | Major | Major | Intermediate | - | Major | Minor | 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 | 28.16 | 28.42 | 28.72 | 28.98 | 29.28 | 29.54 | 29.84 |
| Camarilla | 28.86 | 28.91 | 28.96 | 29.01 | 29.06 | 29.11 | 29.16 |
| Woodie | 28.17 | 28.43 | 28.73 | 28.99 | 29.29 | 29.55 | 29.85 |
| Fibonacci | 28.42 | 28.64 | 28.77 | 28.98 | 29.20 | 29.33 | 29.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.76 | 27.84 | 28.69 | 29.77 | 30.62 | 31.70 | 32.55 |
| Camarilla | 29.01 | 29.19 | 29.36 | 29.54 | 29.72 | 29.89 | 30.07 |
| Woodie | 26.65 | 27.78 | 28.58 | 29.71 | 30.51 | 31.64 | 32.44 |
| Fibonacci | 27.84 | 28.58 | 29.03 | 29.77 | 30.51 | 30.96 | 31.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.26 | 23.14 | 26.77 | 29.65 | 33.28 | 36.16 | 39.79 |
| Camarilla | 28.62 | 29.22 | 29.81 | 30.41 | 31.01 | 31.60 | 32.20 |
| Woodie | 20.65 | 23.33 | 27.16 | 29.84 | 33.67 | 36.35 | 40.18 |
| Fibonacci | 23.14 | 25.62 | 27.16 | 29.65 | 32.13 | 33.67 | 36.16 |
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): | 63.54 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 14.05 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 29.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.86 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 28.91 | |
| Zig ZAG (10): | 29.24 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 87.97 | |
| TEMA (21): | 29.23 | |
| Williams %R (14): | -12.96 | |
| Chande Momentum Oscillator (20): | 0.28 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.36 |
| MA7: | 29.38 | |
| MA20: | 29.62 | |
| MA50: | 29.22 | |
| MA100: | 27.08 | |
| MAexp7: | 29.17 | |
| MAexp20: | 29.06 | |
| MAexp50: | 29.02 | |
| MAexp100: | 29.14 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | -1.22% | |
| Price / MA50: | +0.14% | |
| Price / MA100: | +8.05% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +0.41% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The latest news and videos published on SILVER - USD at the time of the analysis were as follows:
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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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