SILVER - USD - 15 min. - Technical analysis published on 10/24/2024 (GMT)
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- Timeframe : 15 min.
- - 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:
Slightly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 34.03 USD
My targets
34.63 USD (+1.62%)
35.45 USD (+4.01%)
My analysis
SILVER - USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 34.03 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 34.63 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 35.45 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 36.05 USD. Beware of a possible return to under the support located at 34.03 USD which would be the sign of a correction of the bullish excesses registered in the short term.
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
4.3
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This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD rating is 34.08 USD. The price registered an increase of +0.77% on the session and was traded between 33.73 USD and 34.09 USD over the period. The price is currently at +1.04% from its lowest and -0.03% from its highest.33.73
34.09
34.08
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this SILVER - USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 32.06 | 33.43 | 33.80 | 34.08 | 34.27 | 34.99 | 48.29 |
| Change (%) | -5.93% | -1.91% | -0.82% | - | +0.56% | +2.67% | +41.70% |
| Change | -2.02 | -0.65 | -0.28 | - | +0.19 | +0.91 | +14.21 |
| Level | Major | Minor | Minor | - | Minor | Intermediate | Major |
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 | 31.79 | 32.61 | 33.21 | 34.03 | 34.63 | 35.45 | 36.05 |
| Camarilla | 33.43 | 33.56 | 33.69 | 33.82 | 33.95 | 34.08 | 34.21 |
| Woodie | 31.69 | 32.56 | 33.11 | 33.98 | 34.53 | 35.40 | 35.95 |
| Fibonacci | 32.61 | 33.15 | 33.48 | 34.03 | 34.57 | 34.90 | 35.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.73 | 29.74 | 31.73 | 32.74 | 34.73 | 35.74 | 37.73 |
| Camarilla | 32.89 | 33.16 | 33.44 | 33.71 | 33.99 | 34.26 | 34.54 |
| Woodie | 29.21 | 29.99 | 32.21 | 32.99 | 35.21 | 35.99 | 38.21 |
| Fibonacci | 29.74 | 30.89 | 31.60 | 32.74 | 33.89 | 34.60 | 35.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.35 | 25.51 | 28.38 | 30.54 | 33.41 | 35.57 | 38.44 |
| Camarilla | 29.86 | 30.32 | 30.78 | 31.24 | 31.70 | 32.16 | 32.62 |
| Woodie | 23.70 | 25.69 | 28.73 | 30.72 | 33.76 | 35.75 | 38.79 |
| Fibonacci | 25.51 | 27.44 | 28.62 | 30.54 | 32.47 | 33.65 | 35.57 |
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): | 61.61 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 6.90 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 33.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.80 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 33.76 | |
| Zig ZAG (10): | 33.95 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 86.52 | |
| TEMA (21): | 33.97 | |
| Williams %R (14): | -5.00 | |
| Chande Momentum Oscillator (20): | 0.08 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.61 |
| MA7: | 33.37 | |
| MA20: | 32.10 | |
| MA50: | 30.68 | |
| MA100: | 29.94 | |
| MAexp7: | 33.95 | |
| MAexp20: | 33.89 | |
| MAexp50: | 33.88 | |
| MAexp100: | 33.99 | |
| Price / MA7: | +2.13% | |
| Price / MA20: | +6.17% | |
| Price / MA50: | +11.08% | |
| Price / MA100: | +13.83% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +0.26% |
Quotes :
-
Real time data
-
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
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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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