CHF/SGD - 1H - Technical analysis published on 06/11/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 1.4767 SGD
My targets
1.4811 SGD (+0.0016)
1.4918 SGD (+0.0123)
My analysis
CHF/SGD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.4767 SGD. The next resistance located at 1.4811 SGD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.4918 SGD. After this resistance, buyers could then target 1.5014 SGD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
7
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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 1.4795 SGD. The price registered a decrease of -0.03% on the session and was between 1.4786 SGD and 1.4803 SGD. This implies that the price is at +0.06% from its lowest and at -0.05% from its highest.1.4786
1.4803
1.4795
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
Technical
A technical analysis in 1H of this CHF/SGD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 9 are bullish, 5 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4713 | 1.4743 | 1.4767 | 1.4795 | 1.4811 | 1.4918 | 1.5014 |
| Change (%) | -0.55% | -0.35% | -0.19% | - | +0.11% | +0.83% | +1.48% |
| Change | -0.0082 | -0.0052 | -0.0028 | - | +0.0016 | +0.0123 | +0.0219 |
| Level | Major | Major | Minor | - | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4697 | 1.4720 | 1.4760 | 1.4783 | 1.4823 | 1.4846 | 1.4886 |
| Camarilla | 1.4782 | 1.4788 | 1.4793 | 1.4799 | 1.4805 | 1.4811 | 1.4816 |
| Woodie | 1.4705 | 1.4724 | 1.4768 | 1.4787 | 1.4831 | 1.4850 | 1.4894 |
| Fibonacci | 1.4720 | 1.4744 | 1.4759 | 1.4783 | 1.4807 | 1.4822 | 1.4846 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4573 | 1.4619 | 1.4674 | 1.4720 | 1.4775 | 1.4821 | 1.4876 |
| Camarilla | 1.4700 | 1.4710 | 1.4719 | 1.4728 | 1.4737 | 1.4747 | 1.4756 |
| Woodie | 1.4577 | 1.4621 | 1.4678 | 1.4722 | 1.4779 | 1.4823 | 1.4880 |
| Fibonacci | 1.4619 | 1.4658 | 1.4682 | 1.4720 | 1.4759 | 1.4783 | 1.4821 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4239 | 1.4398 | 1.4550 | 1.4709 | 1.4861 | 1.5020 | 1.5172 |
| Camarilla | 1.4616 | 1.4644 | 1.4673 | 1.4701 | 1.4730 | 1.4758 | 1.4787 |
| Woodie | 1.4235 | 1.4396 | 1.4546 | 1.4707 | 1.4857 | 1.5018 | 1.5168 |
| Fibonacci | 1.4398 | 1.4517 | 1.4591 | 1.4709 | 1.4828 | 1.4902 | 1.5020 |
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): | 55.12 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | -2.3734 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.4796 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4779 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.4762 | |
| Zig ZAG (10): | 1.4794 | |
| VORTEX (21): | 1.0317 | |
| Stochastique (14,3,5): | 36.16 | |
| TEMA (21): | 1.4795 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | -0.0029 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0033 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.4757 | |
| MA20: | 1.4766 | |
| MA50: | 1.4642 | |
| MA100: | 1.4632 | |
| MAexp7: | 1.4793 | |
| MAexp20: | 1.4792 | |
| MAexp50: | 1.4784 | |
| MAexp100: | 1.4769 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | +1.04% | |
| Price / MA100: | +1.11% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.18% |
Quotes :
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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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