SILVER - USD - 1H - Technical analysis published on 07/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 27.87 USD
My targets
27.09 USD (-2.27%)
26.20 USD (-5.48%)
My analysis
There is a bearish trend on SILVER - USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 27.87 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 27.09 USD. Then the price could move towards 26.20 USD. Then 24.31 USD by extension. Be careful, a return to above the resistance 27.87 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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Additional analysis
Quotes
SILVER - USD rating 27.72 USD. On the day, this instrument lost -0.79% and was between 27.69 USD and 28.20 USD. This implies that the price is at +0.11% from its lowest and at -1.70% from its highest.27.69
28.20
27.72
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SILVER - USD in 1H shows an overall bearish trend. The signals given by moving averages are at 78.57% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.21 | 24.31 | 26.20 | 27.72 | 27.87 | 28.72 | 29.44 |
| Change (%) | -16.27% | -12.30% | -5.48% | - | +0.54% | +3.61% | +6.20% |
| Change | -4.51 | -3.41 | -1.52 | - | +0.15 | +1.00 | +1.72 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Major |
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 | 27.17 | 27.37 | 27.66 | 27.86 | 28.15 | 28.35 | 28.64 |
| Camarilla | 27.81 | 27.85 | 27.90 | 27.94 | 27.99 | 28.03 | 28.08 |
| Woodie | 27.21 | 27.39 | 27.70 | 27.88 | 28.19 | 28.37 | 28.68 |
| Fibonacci | 27.37 | 27.56 | 27.68 | 27.86 | 28.05 | 28.17 | 28.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.06 | 26.24 | 27.09 | 28.27 | 29.12 | 30.30 | 31.15 |
| Camarilla | 27.38 | 27.57 | 27.75 | 27.94 | 28.13 | 28.31 | 28.50 |
| Woodie | 24.90 | 26.16 | 26.93 | 28.19 | 28.96 | 30.22 | 30.99 |
| Fibonacci | 26.24 | 27.02 | 27.50 | 28.27 | 29.05 | 29.53 | 30.30 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.24 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -9.07 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 28.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.18 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 28.20 | |
| Zig ZAG (10): | 27.75 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 25.26 | |
| TEMA (21): | 28.03 | |
| Williams %R (14): | -91.67 | |
| Chande Momentum Oscillator (20): | -0.21 | |
| Repulse (5,40,3): | -1.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.09 |
| MA7: | 28.56 | |
| MA20: | 29.92 | |
| MA50: | 30.02 | |
| MA100: | 28.51 | |
| MAexp7: | 27.95 | |
| MAexp20: | 27.99 | |
| MAexp50: | 28.05 | |
| MAexp100: | 28.35 | |
| Price / MA7: | -2.94% | |
| Price / MA20: | -7.35% | |
| Price / MA50: | -7.66% | |
| Price / MA100: | -2.77% | |
| Price / MAexp7: | -0.82% | |
| Price / MAexp20: | -0.96% | |
| Price / MAexp50: | -1.18% | |
| Price / MAexp100: | -2.22% |
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
-
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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