SILVER - USD - 1H - Technical analysis published on 12/19/2024 (GMT)
- 41
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : IN PROGRESS...
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under
My targets
()
()
My analysis
SILVER - USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below . The next support located at is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at . Below this support, sellers could then target . With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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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 29.55 USD. The price registered an increase of +0.75% on the session and was between 29.32 USD and 29.63 USD. This implies that the price is at +0.78% from its lowest and at -0.27% from its highest.29.32
29.63
29.55
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 1H of this SILVER - USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 24.45 | 26.20 | 28.26 | 29.55 | 29.77 | 30.29 | 30.87 |
Change (%) | -17.26% | -11.34% | -4.37% | - | +0.74% | +2.50% | +4.47% |
Change | -5.10 | -3.35 | -1.29 | - | +0.22 | +0.74 | +1.32 |
Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
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 | 27.53 | 28.39 | 28.86 | 29.72 | 30.19 | 31.05 | 31.52 |
Camarilla | 28.96 | 29.09 | 29.21 | 29.33 | 29.45 | 29.57 | 29.70 |
Woodie | 27.34 | 28.29 | 28.67 | 29.62 | 30.00 | 30.95 | 31.33 |
Fibonacci | 28.39 | 28.90 | 29.21 | 29.72 | 30.23 | 30.54 | 31.05 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 33.07 | |
MACD (12,26,9): | -0.2500 | |
Directional Movement: | -20.34 | |
AROON (14): | -50.00 | |
DEMA (21): | 29.45 | |
Parabolic SAR (0,02-0,02-0,2): | 29.25 | |
Elder Ray (13): | -0.16 | |
Super Trend (3,10): | 29.88 | |
Zig ZAG (10): | 29.53 | |
VORTEX (21): | 0.7300 | |
Stochastique (14,3,5): | 20.64 | |
TEMA (21): | 29.33 | |
Williams %R (14): | -70.87 | |
Chande Momentum Oscillator (20): | -0.65 | |
Repulse (5,40,3): | 0.4000 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1100 | |
Courbe Coppock: | 5.37 |
MA7: | 30.47 | |
MA20: | 30.76 | |
MA50: | 31.59 | |
MA100: | 30.61 | |
MAexp7: | 29.52 | |
MAexp20: | 29.76 | |
MAexp50: | 30.10 | |
MAexp100: | 30.42 | |
Price / MA7: | -3.02% | |
Price / MA20: | -3.93% | |
Price / MA50: | -6.46% | |
Price / MA100: | -3.46% | |
Price / MAexp7: | +0.10% | |
Price / MAexp20: | -0.71% | |
Price / MAexp50: | -1.83% | |
Price / MAexp100: | -2.86% |
Quotes :
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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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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