CHF/SGD
CHF SGD
- SGD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFSGD
ISIN:

CHF/SGD - 1H - Technical analysis published on 05/03/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.4560 SGD
My targets
1.4606 SGD (+0.0020)
1.4621 SGD (+0.0035)
My analysis
The basic bullish trend is very strong on CHF/SGD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.4560 SGD. Crossing the first resistance at 1.4606 SGD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.4621 SGD as an objective. Crossing it would then enable buyers to target 1.4713 SGD. Caution, a return to below 1.4560 SGD would be a sign of a consolidation phase in 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, 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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/SGD price is 1.4586 SGD. On the day, this instrument gained +0.08% with the lowest point at 1.4562 SGD and the highest point at 1.4592 SGD. The deviation from the price is +0.16% for the low point and -0.04% for the high point.

1.4562
1.4592
1.4586

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/SGD:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CHF/SGD chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

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


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.4530 1.4560 1.4577 1.4586 1.4606 1.4621 1.4713
Change (%) -0.38% -0.18% -0.06% - +0.14% +0.24% +0.87%
Change -0.0056 -0.0026 -0.0009 - +0.0020 +0.0035 +0.0127
Level Intermediate Major Minor - Minor Major 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
Standard1.44951.45301.45521.45871.46091.46441.4666
Camarilla1.45591.45651.45701.45751.45801.45861.4591
Woodie1.44901.45271.45471.45841.46041.46411.4661
Fibonacci1.45301.45511.45651.45871.46081.46221.4644


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.43101.43821.44781.45501.46461.47181.4814
Camarilla1.45291.45441.45601.45751.45901.46061.4621
Woodie1.43231.43881.44911.45561.46591.47241.4827
Fibonacci1.43821.44461.44861.45501.46141.46541.4718


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.39141.40641.43201.44701.47261.48761.5132
Camarilla1.44631.45011.45381.45751.46121.46491.4687
Woodie1.39661.40911.43721.44971.47781.49031.5184
Fibonacci1.40641.42191.43151.44701.46251.47211.4876

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): 52.91
MACD (12,26,9): -0.0001
Directional Movement: 6.1604
AROON (14): -21.4286
DEMA (21): 1.4577
Parabolic SAR (0,02-0,02-0,2): 1.4587
Elder Ray (13): 0.0004
Super Trend (3,10): 1.4613
Zig ZAG (10): 1.4585
VORTEX (21): 0.9508
Stochastique (14,3,5): 64.44
TEMA (21): 1.4575
Williams %R (14): -16.67
Chande Momentum Oscillator (20): 0.0018
Repulse (5,40,3): 0.1188
ROCnROLL: 1
TRIX (15,9): -0.0026
Courbe Coppock: 0.01
MA7: 1.4550
MA20: 1.4512
MA50: 1.4473
MA100: 1.4701
MAexp7: 1.4580
MAexp20: 1.4579
MAexp50: 1.4574
MAexp100: 1.4558
Price / MA7: +0.25%
Price / MA20: +0.51%
Price / MA50: +0.78%
Price / MA100: -0.78%
Price / MAexp7: +0.04%
Price / MAexp20: +0.05%
Price / MAexp50: +0.08%
Price / MAexp100: +0.19%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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