SILVER - USD - 1H - Technical analysis published on 07/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 28.72 USD
My targets
29.77 USD (+1.57%)
30.05 USD (+2.52%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on SILVER - USD as long as the price remains well above 28.72 USD. The buyers' bullish objective is set at 29.77 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 30.05 USD. If there is any crossing, the next objective would be the resistance located at 30.54 USD.
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
2.9
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This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SILVER - USD rating 29.31 USD. On the day, this instrument gained +0.38% with the lowest point at 29.07 USD and the highest point at 29.45 USD. The deviation from the price is +0.83% for the low point and -0.48% for the high point.29.07
29.45
29.31
Here is a more detailed summary of the historical variations registered by SILVER - USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SILVER - USD indicates that the overall trend is slightly bullish. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.20 | 28.72 | 29.30 | 29.31 | 29.77 | 30.05 | 30.54 |
| Change (%) | -10.61% | -2.01% | -0.03% | - | +1.57% | +2.52% | +4.20% |
| Change | -3.11 | -0.59 | -0.01 | - | +0.46 | +0.74 | +1.23 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.18 | 28.43 | 28.81 | 29.06 | 29.44 | 29.69 | 30.07 |
| Camarilla | 29.03 | 29.09 | 29.14 | 29.20 | 29.26 | 29.32 | 29.37 |
| Woodie | 28.26 | 28.46 | 28.89 | 29.09 | 29.52 | 29.72 | 30.15 |
| Fibonacci | 28.43 | 28.67 | 28.82 | 29.06 | 29.30 | 29.45 | 29.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.70 | 27.28 | 28.26 | 29.84 | 30.82 | 32.40 | 33.38 |
| Camarilla | 28.53 | 28.76 | 29.00 | 29.23 | 29.47 | 29.70 | 29.93 |
| Woodie | 25.39 | 27.13 | 27.95 | 29.69 | 30.51 | 32.25 | 33.07 |
| Fibonacci | 27.28 | 28.26 | 28.87 | 29.84 | 30.82 | 31.43 | 32.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.98 | 26.77 | 27.96 | 29.75 | 30.94 | 32.73 | 33.92 |
| Camarilla | 28.32 | 28.59 | 28.87 | 29.14 | 29.41 | 29.69 | 29.96 |
| Woodie | 24.67 | 26.62 | 27.65 | 29.60 | 30.63 | 32.58 | 33.61 |
| Fibonacci | 26.77 | 27.91 | 28.62 | 29.75 | 30.89 | 31.60 | 32.73 |
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): | 54.04 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 3.52 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 29.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.17 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 28.99 | |
| Zig ZAG (10): | 29.27 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 66.34 | |
| TEMA (21): | 29.34 | |
| Williams %R (14): | -47.37 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.53 |
| MA7: | 29.74 | |
| MA20: | 30.14 | |
| MA50: | 30.21 | |
| MA100: | 28.41 | |
| MAexp7: | 29.29 | |
| MAexp20: | 29.25 | |
| MAexp50: | 29.22 | |
| MAexp100: | 29.43 | |
| Price / MA7: | -1.45% | |
| Price / MA20: | -2.75% | |
| Price / MA50: | -2.98% | |
| Price / MA100: | +3.17% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | -0.41% |
Quotes :
-
Real time data
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Gold & Silver Spot
News
The last news published on SILVER - USD at the time of the generation of this analysis 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
-
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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