CHF/SGD - 1H - Technical analysis published on 05/08/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 1.4596 SGD
My targets
1.4489 SGD (-0.0047)
1.4458 SGD (-0.0078)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.4596 SGD remains possible. It is advisable to trade CHF/SGD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.4596 SGD. The next bearish objective for sellers is set at 1.4489 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4458 SGD. In case of crossing, the next objective would be the support located at 1.4294 SGD. PS: if there is a bullish break in the resistance located at 1.4596 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
2.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/SGD price is 1.4536 SGD. The price is lower by +0.06% since the last closing with the lowest point at 1.4518 SGD and the highest point at 1.4545 SGD. The deviation from the price is +0.12% for the low point and -0.06% for the high point.1.4518
1.4545
1.4536
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/SGD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/SGD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.4458 | 1.4489 | 1.4535 | 1.4536 | 1.4596 | 1.4626 | 1.4708 |
Change (%) | -0.54% | -0.32% | -0.01% | - | +0.41% | +0.62% | +1.18% |
Change | -0.0078 | -0.0047 | -0.0001 | - | +0.0060 | +0.0090 | +0.0172 |
Level | Intermediate | Major | Intermediate | - | Intermediate | 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 | 1.4401 | 1.4450 | 1.4489 | 1.4538 | 1.4577 | 1.4626 | 1.4665 |
Camarilla | 1.4504 | 1.4512 | 1.4520 | 1.4528 | 1.4536 | 1.4544 | 1.4552 |
Woodie | 1.4396 | 1.4448 | 1.4484 | 1.4536 | 1.4572 | 1.4624 | 1.4660 |
Fibonacci | 1.4450 | 1.4484 | 1.4504 | 1.4538 | 1.4572 | 1.4592 | 1.4626 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.4232 | 1.4344 | 1.4535 | 1.4647 | 1.4838 | 1.4950 | 1.5141 |
Camarilla | 1.4642 | 1.4669 | 1.4697 | 1.4725 | 1.4753 | 1.4781 | 1.4808 |
Woodie | 1.4271 | 1.4364 | 1.4574 | 1.4667 | 1.4877 | 1.4970 | 1.5180 |
Fibonacci | 1.4344 | 1.4460 | 1.4532 | 1.4647 | 1.4763 | 1.4835 | 1.4950 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.3978 | 1.4218 | 1.4410 | 1.4650 | 1.4842 | 1.5082 | 1.5274 |
Camarilla | 1.4484 | 1.4524 | 1.4563 | 1.4603 | 1.4643 | 1.4682 | 1.4722 |
Woodie | 1.3955 | 1.4206 | 1.4387 | 1.4638 | 1.4819 | 1.5070 | 1.5251 |
Fibonacci | 1.4218 | 1.4383 | 1.4485 | 1.4650 | 1.4815 | 1.4917 | 1.5082 |
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): | 49.11 | |
MACD (12,26,9): | -0.0006 | |
Directional Movement: | -2.6283 | |
AROON (14): | 35.7143 | |
DEMA (21): | 1.4523 | |
Parabolic SAR (0,02-0,02-0,2): | 1.4521 | |
Elder Ray (13): | 0.0002 | |
Super Trend (3,10): | 1.4571 | |
Zig ZAG (10): | 1.4534 | |
VORTEX (21): | 0.9914 | |
Stochastique (14,3,5): | 52.35 | |
TEMA (21): | 1.4527 | |
Williams %R (14): | -31.25 | |
Chande Momentum Oscillator (20): | 0.0007 | |
Repulse (5,40,3): | 0.0565 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0083 | |
Courbe Coppock: | 0.08 |
MA7: | 1.4601 | |
MA20: | 1.4633 | |
MA50: | 1.4712 | |
MA100: | 1.4379 | |
MAexp7: | 1.4531 | |
MAexp20: | 1.4532 | |
MAexp50: | 1.4550 | |
MAexp100: | 1.4572 | |
Price / MA7: | -0.45% | |
Price / MA20: | -0.66% | |
Price / MA50: | -1.20% | |
Price / MA100: | +1.09% | |
Price / MAexp7: | +0.03% | |
Price / MAexp20: | +0.03% | |
Price / MAexp50: | -0.10% | |
Price / MAexp100: | -0.25% |
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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