CHF/SGD
CHF SGD
- SGD (-)
- Real time data - Forex
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Change: -
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Type: Forex
Ticker: CHFSGD
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CHF/SGD - 1H - Technical analysis published on 08/19/2021 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.4849 SGD
My targets
1.4900 SGD (+0.0032)
1.4952 SGD (+0.0084)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CHF/SGD as long as the price remains well above 1.4849 SGD. The buyers' bullish objective is set at 1.4900 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4952 SGD. If there is any crossing, the next objective would be the resistance located at 1.5102 SGD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

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 1.4868 SGD. The price registered an increase of +0.21% on the session and was traded between 1.4822 SGD and 1.4880 SGD over the period. The price is currently at +0.31% from its lowest and -0.08% from its highest.

1.4822
1.4880
1.4868

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

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 bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.4761 1.4829 1.4849 1.4868 1.4877 1.4900 1.4952
Change (%) -0.72% -0.26% -0.13% - +0.06% +0.22% +0.56%
Change -0.0107 -0.0039 -0.0019 - +0.0009 +0.0032 +0.0084
Level Minor Major Minor - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.46941.47491.47931.48481.48921.49471.4991
Camarilla1.48101.48191.48281.48371.48461.48551.4864
Woodie1.46891.47461.47881.48451.48871.49441.4986
Fibonacci1.47491.47871.48101.48481.48861.49091.4947


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.46001.46481.47281.47761.48561.49041.4984
Camarilla1.47721.47841.47951.48071.48191.48311.4842
Woodie1.46151.46561.47431.47841.48711.49121.4999
Fibonacci1.46481.46971.47271.47761.48251.48551.4904


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.42071.43621.46571.48121.51071.52621.5557
Camarilla1.48281.48701.49111.49521.49931.50351.5076
Woodie1.42771.43971.47271.48471.51771.52971.5627
Fibonacci1.43621.45341.46401.48121.49841.50901.5262

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): 59.65
MACD (12,26,9): -0.0004
Directional Movement: 11.8806
AROON (14): 28.5714
DEMA (21): 1.4841
Parabolic SAR (0,02-0,02-0,2): 1.4824
Elder Ray (13): 0.0025
Super Trend (3,10): 1.4876
Zig ZAG (10): 1.4875
VORTEX (21): 1.0113
Stochastique (14,3,5): 77.22
TEMA (21): 1.4842
Williams %R (14): -20.69
Chande Momentum Oscillator (20): 0.0018
Repulse (5,40,3): 0.1277
ROCnROLL: 1
TRIX (15,9): -0.0102
Courbe Coppock: 0.09
MA7: 1.4811
MA20: 1.4848
MA50: 1.4755
MA100: 1.4693
MAexp7: 1.4842
MAexp20: 1.4849
MAexp50: 1.4854
MAexp100: 1.4840
Price / MA7: +0.38%
Price / MA20: +0.13%
Price / MA50: +0.77%
Price / MA100: +1.19%
Price / MAexp7: +0.18%
Price / MAexp20: +0.13%
Price / MAexp50: +0.09%
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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