CHF/SGD - 1H - Technical analysis published on 12/15/2020 (GMT)
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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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 1.5016 SGD
My targets
1.5078 SGD (+0.0022)
1.5095 SGD (+0.0039)
My analysis
The bullish trend is currently very strong on CHF/SGD. As long as the price remains above the support at 1.5016 SGD, you could try to benefit from the boom. The first bullish objective is located at 1.5078 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.5095 SGD as an objective. Crossing it would then enable buyers to target 1.5121 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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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 1.5056 SGD. On the day, this instrument gained +0.07% and was traded between 1.5033 SGD and 1.5082 SGD over the period. The price is currently at +0.15% from its lowest and -0.17% from its highest.1.5033
1.5082
1.5056
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 strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | 1.4993 | 1.5016 | 1.5046 | 1.5056 | 1.5063 | 1.5078 | 1.5095 |
| Change (%) | -0.42% | -0.27% | -0.07% | - | +0.05% | +0.15% | +0.26% |
| Change | -0.0063 | -0.0040 | -0.0010 | - | +0.0007 | +0.0022 | +0.0039 |
| Level | Minor | Major | Minor | - | Major | 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 | 1.4987 | 1.5006 | 1.5025 | 1.5044 | 1.5063 | 1.5082 | 1.5101 |
| Camarilla | 1.5035 | 1.5038 | 1.5042 | 1.5045 | 1.5049 | 1.5052 | 1.5056 |
| Woodie | 1.4988 | 1.5006 | 1.5026 | 1.5044 | 1.5064 | 1.5082 | 1.5102 |
| Fibonacci | 1.5006 | 1.5020 | 1.5029 | 1.5044 | 1.5058 | 1.5067 | 1.5082 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4810 | 1.4880 | 1.4955 | 1.5025 | 1.5100 | 1.5170 | 1.5245 |
| Camarilla | 1.4990 | 1.5003 | 1.5017 | 1.5030 | 1.5043 | 1.5057 | 1.5070 |
| Woodie | 1.4813 | 1.4881 | 1.4958 | 1.5026 | 1.5103 | 1.5171 | 1.5248 |
| Fibonacci | 1.4880 | 1.4935 | 1.4970 | 1.5025 | 1.5080 | 1.5115 | 1.5170 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4296 | 1.4488 | 1.4620 | 1.4812 | 1.4944 | 1.5136 | 1.5268 |
| Camarilla | 1.4663 | 1.4693 | 1.4722 | 1.4752 | 1.4782 | 1.4811 | 1.4841 |
| Woodie | 1.4266 | 1.4473 | 1.4590 | 1.4797 | 1.4914 | 1.5121 | 1.5238 |
| Fibonacci | 1.4488 | 1.4612 | 1.4688 | 1.4812 | 1.4936 | 1.5012 | 1.5136 |
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): | 52.64 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 0.4324 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 1.5056 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5003 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 1.4998 | |
| Zig ZAG (10): | 1.5037 | |
| VORTEX (21): | 1.0110 | |
| Stochastique (14,3,5): | 23.11 | |
| TEMA (21): | 1.5058 | |
| Williams %R (14): | -93.88 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.1257 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0075 | |
| Courbe Coppock: | 0.16 |
| MA7: | 1.5040 | |
| MA20: | 1.4891 | |
| MA50: | 1.4882 | |
| MA100: | 1.4929 | |
| MAexp7: | 1.5050 | |
| MAexp20: | 1.5048 | |
| MAexp50: | 1.5041 | |
| MAexp100: | 1.5033 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | +1.17% | |
| Price / MA100: | +0.85% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.15% |
Quotes :
2020-12-15 08:17:51
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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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