SILVER - USD - 1H - Technical analysis published on 11/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 30.70 USD
My targets
31.04 USD (+0.65%)
31.48 USD (+2.08%)
My analysis
The bullish trend is currently very strong on SILVER - USD. As long as the price remains above the support at 30.70 USD, you could try to benefit from the boom. The first bullish objective is located at 31.04 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 31.48 USD as an objective. Crossing it would then enable buyers to target 32.06 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7.9
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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 rating is 30.84 USD. On the day, this instrument gained +1.98% with the lowest point at 30.19 USD and the highest point at 30.85 USD. The deviation from the price is +2.15% for the low point and -0.03% for the high point.30.19
30.85
30.84
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
A technical analysis in 1H of this SILVER - USD chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 29.98 | 30.30 | 30.70 | 30.84 | 31.04 | 31.48 | 32.06 |
| Change (%) | -2.79% | -1.75% | -0.45% | - | +0.65% | +2.08% | +3.96% |
| Change | -0.86 | -0.54 | -0.14 | - | +0.20 | +0.64 | +1.22 |
| Level | Intermediate | Minor | Major | - | 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 | 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): | 71.21 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 19.57 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 30.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.66 | |
| Elder Ray (13): | 0.14 | |
| Super Trend (3,10): | 30.48 | |
| Zig ZAG (10): | 30.80 | |
| VORTEX (21): | 1.2900 | |
| Stochastique (14,3,5): | 96.05 | |
| TEMA (21): | 30.85 | |
| Williams %R (14): | -1.61 | |
| Chande Momentum Oscillator (20): | 0.39 | |
| Repulse (5,40,3): | 0.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.03 |
| MA7: | 30.54 | |
| MA20: | 30.95 | |
| MA50: | 31.76 | |
| MA100: | 30.37 | |
| MAexp7: | 30.73 | |
| MAexp20: | 30.55 | |
| MAexp50: | 30.41 | |
| MAexp100: | 30.44 | |
| Price / MA7: | +0.98% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | -2.90% | |
| Price / MA100: | +1.55% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +0.95% | |
| Price / MAexp50: | +1.41% | |
| Price / MAexp100: | +1.31% |
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
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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
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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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