SILVER - USD - 15 min. - Technical analysis published on 12/18/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 30.70 USD
My targets
30.24 USD (-0.57%)
29.96 USD (-1.47%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SILVER - USD as long as the price remains well below 30.70 USD. The sellers' bearish objective is set at 30.24 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 29.96 USD. In case of crossing, the next objective would be the support located at 29.78 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.5
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This analysis was given by Noreir. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SILVER - USD rating is 30.41 USD. On the day, this instrument lost -0.33% and was traded between 30.39 USD and 30.58 USD over the period. The price is currently at +0.07% from its lowest and -0.56% from its highest.30.39
30.58
30.41
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this SILVER - USD chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.26 | 29.77 | 30.29 | 30.41 | 30.46 | 30.87 | 31.49 |
| Change (%) | -7.07% | -2.10% | -0.39% | - | +0.16% | +1.51% | +3.55% |
| Change | -2.15 | -0.64 | -0.12 | - | +0.05 | +0.46 | +1.08 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29.78 | 29.96 | 30.24 | 30.42 | 30.70 | 30.88 | 31.16 |
| Camarilla | 30.38 | 30.43 | 30.47 | 30.51 | 30.55 | 30.59 | 30.64 |
| Woodie | 29.82 | 29.99 | 30.28 | 30.45 | 30.74 | 30.91 | 31.20 |
| Fibonacci | 29.96 | 30.14 | 30.25 | 30.42 | 30.60 | 30.71 | 30.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.74 | 29.02 | 29.79 | 31.07 | 31.84 | 33.12 | 33.89 |
| Camarilla | 30.01 | 30.19 | 30.38 | 30.57 | 30.76 | 30.95 | 31.13 |
| Woodie | 27.50 | 28.89 | 29.55 | 30.94 | 31.60 | 32.99 | 33.65 |
| Fibonacci | 29.02 | 29.80 | 30.28 | 31.07 | 31.85 | 32.33 | 33.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.62 | 27.62 | 29.11 | 31.11 | 32.60 | 34.60 | 36.09 |
| Camarilla | 29.63 | 29.95 | 30.27 | 30.59 | 30.91 | 31.23 | 31.55 |
| Woodie | 25.36 | 27.49 | 28.85 | 30.98 | 32.34 | 34.47 | 35.83 |
| Fibonacci | 27.62 | 28.96 | 29.78 | 31.11 | 32.45 | 33.27 | 34.60 |
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): | 37.78 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -3.36 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 30.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.55 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 30.41 | |
| Zig ZAG (10): | 30.42 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 14.00 | |
| TEMA (21): | 30.46 | |
| Williams %R (14): | -78.95 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.29 |
| MA7: | 30.96 | |
| MA20: | 30.87 | |
| MA50: | 31.64 | |
| MA100: | 30.61 | |
| MAexp7: | 30.46 | |
| MAexp20: | 30.49 | |
| MAexp50: | 30.47 | |
| MAexp100: | 30.46 | |
| Price / MA7: | -1.78% | |
| Price / MA20: | -1.49% | |
| Price / MA50: | -3.89% | |
| Price / MA100: | -0.65% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.16% |
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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