SILVER - USD - Daily - Technical analysis published on 11/29/2024 (GMT)
- 87
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under
My targets
()
()
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on SILVER - USD as long as the price remains well below . The next bearish objective for sellers is set at . A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at . In case of crossing, the next objective would be the support located at .
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.7
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This analysis was given by Mark Thomer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD price is 30.69 USD. On the day, this instrument gained +1.49% with the lowest point at 30.19 USD and the highest point at 30.74 USD. The deviation from the price is +1.66% for the low point and -0.16% for the high point.30.19
30.74
30.69
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 Daily shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 26.20 | 28.26 | 29.77 | 30.69 | 32.06 | 33.67 | 34.99 |
| Change (%) | -14.63% | -7.92% | -3.00% | - | +4.46% | +9.71% | +14.01% |
| Change | -4.49 | -2.43 | -0.92 | - | +1.37 | +2.98 | +4.30 |
| Level | Major | Intermediate | Major | - | Major | Minor | 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 | 29.14 | 29.39 | 29.81 | 30.06 | 30.48 | 30.73 | 31.15 |
| Camarilla | 30.06 | 30.12 | 30.18 | 30.24 | 30.30 | 30.36 | 30.42 |
| Woodie | 29.24 | 29.43 | 29.91 | 30.10 | 30.58 | 30.77 | 31.25 |
| Fibonacci | 29.39 | 29.64 | 29.80 | 30.06 | 30.31 | 30.47 | 30.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.29 | 29.78 | 30.56 | 31.05 | 31.83 | 32.32 | 33.10 |
| Camarilla | 30.99 | 31.11 | 31.22 | 31.34 | 31.46 | 31.57 | 31.69 |
| Woodie | 29.44 | 29.85 | 30.71 | 31.12 | 31.98 | 32.39 | 33.25 |
| Fibonacci | 29.78 | 30.27 | 30.57 | 31.05 | 31.54 | 31.84 | 32.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.49 | 27.80 | 30.24 | 32.55 | 34.99 | 37.30 | 39.74 |
| Camarilla | 31.36 | 31.80 | 32.24 | 32.67 | 33.11 | 33.54 | 33.98 |
| Woodie | 25.55 | 27.83 | 30.30 | 32.58 | 35.05 | 37.33 | 39.80 |
| Fibonacci | 27.80 | 29.62 | 30.74 | 32.55 | 34.37 | 35.49 | 37.30 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.41 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | -8.03 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 30.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 31.44 | |
| Elder Ray (13): | -0.29 | |
| Super Trend (3,10): | 32.52 | |
| Zig ZAG (10): | 30.73 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 35.63 | |
| TEMA (21): | 30.06 | |
| Williams %R (14): | -42.93 | |
| Chande Momentum Oscillator (20): | 0.44 | |
| Repulse (5,40,3): | 1.6600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 5.44 |
| MA7: | 30.52 | |
| MA20: | 30.95 | |
| MA50: | 31.76 | |
| MA100: | 30.37 | |
| MAexp7: | 30.53 | |
| MAexp20: | 30.99 | |
| MAexp50: | 31.18 | |
| MAexp100: | 30.55 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -3.37% | |
| Price / MA100: | +1.05% | |
| Price / MAexp7: | +0.52% | |
| Price / MAexp20: | -0.97% | |
| Price / MAexp50: | -1.57% | |
| Price / MAexp100: | +0.46% |
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:
-
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.
About author
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