CHF/SGD - 1H - Technical analysis published on 06/12/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
11%
50%
39%
My opinion
Bullish above 1.4698 SGD
My targets
1.4819 SGD (+0.0089)
1.4936 SGD (+0.0206)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.4698 SGD remains possible. It is advisable to trade CHF/SGD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.4698 SGD. The next bullish objective for buyers is set at 1.4819 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4936 SGD. If there is any crossing, the next objective would be the resistance located at 1.5016 SGD. PS: if there is a bearish break in the support located at 1.4698 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are opposing the general bullish 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
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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 1.4730 SGD. The price is lower by -0.24% since the last closing and was between 1.4717 SGD and 1.4780 SGD. This implies that the price is at +0.09% from its lowest and at -0.34% from its highest.1.4717
1.4780
1.4730
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
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/SGD chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.4585 | 1.4644 | 1.4698 | 1.4730 | 1.4819 | 1.5016 | 1.5121 |
| Change (%) | -0.98% | -0.58% | -0.22% | - | +0.60% | +1.94% | +2.65% |
| Change | -0.0145 | -0.0086 | -0.0032 | - | +0.0089 | +0.0286 | +0.0391 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Intermediate |
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 | 1.4498 | 1.4573 | 1.4669 | 1.4744 | 1.4840 | 1.4915 | 1.5011 |
| Camarilla | 1.4718 | 1.4734 | 1.4749 | 1.4765 | 1.4781 | 1.4796 | 1.4812 |
| Woodie | 1.4509 | 1.4578 | 1.4680 | 1.4749 | 1.4851 | 1.4920 | 1.5022 |
| Fibonacci | 1.4573 | 1.4638 | 1.4679 | 1.4744 | 1.4809 | 1.4850 | 1.4915 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4090 | 1.4262 | 1.4372 | 1.4544 | 1.4654 | 1.4826 | 1.4936 |
| Camarilla | 1.4404 | 1.4429 | 1.4455 | 1.4481 | 1.4507 | 1.4533 | 1.4559 |
| Woodie | 1.4058 | 1.4247 | 1.4340 | 1.4529 | 1.4622 | 1.4811 | 1.4904 |
| Fibonacci | 1.4262 | 1.4370 | 1.4437 | 1.4544 | 1.4652 | 1.4719 | 1.4826 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4283 | 1.4391 | 1.4544 | 1.4652 | 1.4805 | 1.4913 | 1.5066 |
| Camarilla | 1.4625 | 1.4649 | 1.4673 | 1.4697 | 1.4721 | 1.4745 | 1.4769 |
| Woodie | 1.4306 | 1.4402 | 1.4567 | 1.4663 | 1.4828 | 1.4924 | 1.5089 |
| Fibonacci | 1.4391 | 1.4491 | 1.4552 | 1.4652 | 1.4752 | 1.4813 | 1.4913 |
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): | 46.13 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | -4.9719 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.4756 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4793 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 1.4790 | |
| Zig ZAG (10): | 1.4723 | |
| VORTEX (21): | 1.0080 | |
| Stochastique (14,3,5): | 3.24 | |
| TEMA (21): | 1.4740 | |
| Williams %R (14): | -97.70 | |
| Chande Momentum Oscillator (20): | -0.0056 | |
| Repulse (5,40,3): | -0.0916 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0175 | |
| Courbe Coppock: | 0.38 |
| MA7: | 1.4627 | |
| MA20: | 1.4632 | |
| MA50: | 1.4634 | |
| MA100: | 1.4562 | |
| MAexp7: | 1.4737 | |
| MAexp20: | 1.4741 | |
| MAexp50: | 1.4704 | |
| MAexp100: | 1.4658 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | +0.66% | |
| Price / MA100: | +1.15% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.49% |
Quotes :
2020-06-12 06:52:28
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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