CHF/SGD - Daily - Technical analysis published on 07/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.4485 SGD
My targets
1.5016 SGD (+0.0279)
1.5121 SGD (+0.0384)
My analysis
The bullish trend is currently very strong on CHF/SGD. As long as the price remains above the support at 1.4485 SGD, you could try to benefit from the boom. The first bullish objective is located at 1.5016 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.5121 SGD as an objective. Crossing it would then enable buyers to target 1.5523 SGD. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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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 1.4737 SGD. The price registered a decrease of -0.12% on the session and was between 1.4728 SGD and 1.4760 SGD. This implies that the price is at +0.06% from its lowest and at -0.16% from its highest.1.4728
1.4760
1.4737
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CHF/SGD in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3923 | 1.4294 | 1.4485 | 1.4737 | 1.4766 | 1.5016 | 1.5121 |
| Change (%) | -5.52% | -3.01% | -1.71% | - | +0.20% | +1.89% | +2.61% |
| Change | -0.0814 | -0.0443 | -0.0252 | - | +0.0029 | +0.0279 | +0.0384 |
| Level | Intermediate | Major | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4677 | 1.4700 | 1.4728 | 1.4751 | 1.4779 | 1.4802 | 1.4830 |
| Camarilla | 1.4741 | 1.4746 | 1.4750 | 1.4755 | 1.4760 | 1.4764 | 1.4769 |
| Woodie | 1.4679 | 1.4701 | 1.4730 | 1.4752 | 1.4781 | 1.4803 | 1.4832 |
| Fibonacci | 1.4700 | 1.4720 | 1.4732 | 1.4751 | 1.4771 | 1.4783 | 1.4802 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2847 | 1.3275 | 1.3963 | 1.4391 | 1.5079 | 1.5507 | 1.6195 |
| Camarilla | 1.4344 | 1.4446 | 1.4549 | 1.4651 | 1.4753 | 1.4856 | 1.4958 |
| Woodie | 1.2977 | 1.3340 | 1.4093 | 1.4456 | 1.5209 | 1.5572 | 1.6325 |
| Fibonacci | 1.3275 | 1.3701 | 1.3965 | 1.4391 | 1.4817 | 1.5081 | 1.5507 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4544 | 1.4591 | 1.4653 | 1.4700 | 1.4762 | 1.4809 | 1.4871 |
| Camarilla | 1.4685 | 1.4695 | 1.4705 | 1.4715 | 1.4725 | 1.4735 | 1.4745 |
| Woodie | 1.4552 | 1.4595 | 1.4661 | 1.4704 | 1.4770 | 1.4813 | 1.4879 |
| Fibonacci | 1.4591 | 1.4633 | 1.4658 | 1.4700 | 1.4742 | 1.4767 | 1.4809 |
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): | 53.19 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 8.0029 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 1.4646 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3790 | |
| Elder Ray (13): | 0.0100 | |
| Super Trend (3,10): | 1.4192 | |
| Zig ZAG (10): | 1.4736 | |
| VORTEX (21): | 1.1113 | |
| Stochastique (14,3,5): | 93.22 | |
| TEMA (21): | 1.4665 | |
| Williams %R (14): | -7.44 | |
| Chande Momentum Oscillator (20): | 0.0062 | |
| Repulse (5,40,3): | 0.0643 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0056 | |
| Courbe Coppock: | 0.27 |
| MA7: | 1.4565 | |
| MA20: | 1.4640 | |
| MA50: | 1.4622 | |
| MA100: | 1.4644 | |
| MAexp7: | 1.4672 | |
| MAexp20: | 1.4635 | |
| MAexp50: | 1.4623 | |
| MAexp100: | 1.4545 | |
| Price / MA7: | +1.18% | |
| Price / MA20: | +0.66% | |
| Price / MA50: | +0.79% | |
| Price / MA100: | +0.64% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +0.70% | |
| Price / MAexp50: | +0.78% | |
| Price / MAexp100: | +1.32% |
Quotes :
2020-07-03 10:18:21
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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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