CHF/SGD - 1H - Technical analysis published on 11/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 1.4879 SGD
My targets
1.4837 SGD (-0.0018)
1.4812 SGD (-0.0043)
My analysis
The bearish basic trend is very strong on CHF/SGD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.4879 SGD. Crossing the first support at 1.4837 SGD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.4812 SGD as an objective. Crossing it would then enable sellers to target 1.4649 SGD. Caution, a return to above the resistance located at 1.4879 SGD would be a sign of a possible consolidation phase of the short-term basic trend. 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, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.6
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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
CHF/SGD rating 1.4855 SGD. On the day, this instrument gained +0.03% and was between 1.4841 SGD and 1.4863 SGD. This implies that the price is at +0.09% from its lowest and at -0.05% from its highest.1.4841
1.4863
1.4855
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/SGD in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
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 | 1.4649 | 1.4812 | 1.4837 | 1.4855 | 1.4879 | 1.4912 | 1.4929 |
| Change (%) | -1.39% | -0.29% | -0.12% | - | +0.16% | +0.38% | +0.50% |
| Change | -0.0206 | -0.0043 | -0.0018 | - | +0.0024 | +0.0057 | +0.0074 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | 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 | 1.4736 | 1.4786 | 1.4819 | 1.4869 | 1.4902 | 1.4952 | 1.4985 |
| Camarilla | 1.4828 | 1.4836 | 1.4843 | 1.4851 | 1.4859 | 1.4866 | 1.4874 |
| Woodie | 1.4727 | 1.4782 | 1.4810 | 1.4865 | 1.4893 | 1.4948 | 1.4976 |
| Fibonacci | 1.4786 | 1.4818 | 1.4838 | 1.4869 | 1.4901 | 1.4921 | 1.4952 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4696 | 1.4789 | 1.4845 | 1.4938 | 1.4994 | 1.5087 | 1.5143 |
| Camarilla | 1.4859 | 1.4873 | 1.4886 | 1.4900 | 1.4914 | 1.4927 | 1.4941 |
| Woodie | 1.4677 | 1.4780 | 1.4826 | 1.4929 | 1.4975 | 1.5078 | 1.5124 |
| Fibonacci | 1.4789 | 1.4846 | 1.4881 | 1.4938 | 1.4995 | 1.5030 | 1.5087 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4511 | 1.4641 | 1.4771 | 1.4901 | 1.5031 | 1.5161 | 1.5291 |
| Camarilla | 1.4829 | 1.4852 | 1.4876 | 1.4900 | 1.4924 | 1.4948 | 1.4972 |
| Woodie | 1.4510 | 1.4641 | 1.4770 | 1.4901 | 1.5030 | 1.5161 | 1.5290 |
| Fibonacci | 1.4641 | 1.4741 | 1.4802 | 1.4901 | 1.5001 | 1.5062 | 1.5161 |
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): | 42.10 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -2.6196 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.4846 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4840 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.4888 | |
| Zig ZAG (10): | 1.4850 | |
| VORTEX (21): | 0.9241 | |
| Stochastique (14,3,5): | 65.56 | |
| TEMA (21): | 1.4849 | |
| Williams %R (14): | -46.67 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | 0.0325 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0113 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.4926 | |
| MA20: | 1.4909 | |
| MA50: | 1.4921 | |
| MA100: | 1.4905 | |
| MAexp7: | 1.4855 | |
| MAexp20: | 1.4860 | |
| MAexp50: | 1.4881 | |
| MAexp100: | 1.4908 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | -0.44% | |
| Price / MA100: | -0.34% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.36% |
Quotes :
2020-11-03 07:42:29
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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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