CHF/SGD - 1H - Technical analysis published on 05/20/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.4778 SGD
My targets
1.4839 SGD (+0.0045)
1.4913 SGD (+0.0119)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/SGD as long as the price remains well above 1.4778 SGD. The buyers' bullish objective is set at 1.4839 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4913 SGD. If there is any crossing, the next objective would be the resistance located at 1.5014 SGD.
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
6.6
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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
The CHF/SGD price is 1.4794 SGD. The price has increased by +0.20% since the last closing with the lowest point at 1.4742 SGD and the highest point at 1.4806 SGD. The deviation from the price is +0.35% for the low point and -0.08% for the high point.1.4742
1.4806
1.4794
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/SGD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4713 | 1.4740 | 1.4778 | 1.4794 | 1.4807 | 1.4839 | 1.4913 |
| Change (%) | -0.55% | -0.37% | -0.11% | - | +0.09% | +0.30% | +0.80% |
| Change | -0.0081 | -0.0054 | -0.0016 | - | +0.0013 | +0.0045 | +0.0119 |
| Level | Major | Major | Minor | - | Intermediate | Major | Minor |
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 | 1.4664 | 1.4709 | 1.4737 | 1.4782 | 1.4810 | 1.4855 | 1.4883 |
| Camarilla | 1.4745 | 1.4752 | 1.4758 | 1.4765 | 1.4772 | 1.4778 | 1.4785 |
| Woodie | 1.4656 | 1.4705 | 1.4729 | 1.4778 | 1.4802 | 1.4851 | 1.4875 |
| Fibonacci | 1.4709 | 1.4737 | 1.4754 | 1.4782 | 1.4810 | 1.4827 | 1.4855 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4520 | 1.4579 | 1.4677 | 1.4736 | 1.4834 | 1.4893 | 1.4991 |
| Camarilla | 1.4733 | 1.4747 | 1.4762 | 1.4776 | 1.4790 | 1.4805 | 1.4819 |
| Woodie | 1.4541 | 1.4589 | 1.4698 | 1.4746 | 1.4855 | 1.4903 | 1.5012 |
| Fibonacci | 1.4579 | 1.4639 | 1.4676 | 1.4736 | 1.4796 | 1.4833 | 1.4893 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3914 | 1.4064 | 1.4320 | 1.4470 | 1.4726 | 1.4876 | 1.5132 |
| Camarilla | 1.4463 | 1.4501 | 1.4538 | 1.4575 | 1.4612 | 1.4649 | 1.4687 |
| Woodie | 1.3966 | 1.4091 | 1.4372 | 1.4497 | 1.4778 | 1.4903 | 1.5184 |
| Fibonacci | 1.4064 | 1.4219 | 1.4315 | 1.4470 | 1.4625 | 1.4721 | 1.4876 |
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): | 58.09 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 3.9479 | |
| AROON (14): | 7.1429 | |
| DEMA (21): | 1.4779 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4748 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 1.4741 | |
| Zig ZAG (10): | 1.4796 | |
| VORTEX (21): | 0.9973 | |
| Stochastique (14,3,5): | 79.69 | |
| TEMA (21): | 1.4785 | |
| Williams %R (14): | -20.31 | |
| Chande Momentum Oscillator (20): | 0.0036 | |
| Repulse (5,40,3): | -0.0084 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0047 | |
| Courbe Coppock: | 0.33 |
| MA7: | 1.4762 | |
| MA20: | 1.4662 | |
| MA50: | 1.4528 | |
| MA100: | 1.4663 | |
| MAexp7: | 1.4790 | |
| MAexp20: | 1.4781 | |
| MAexp50: | 1.4785 | |
| MAexp100: | 1.4778 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.90% | |
| Price / MA50: | +1.83% | |
| Price / MA100: | +0.89% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.11% |
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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