CHF/SGD - 1H - Technical analysis published on 12/12/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 1.5280 SGD
My targets
1.5350 SGD (+0.0052)
1.5375 SGD (+0.0077)
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 1.5280 SGD. The next resistance located at 1.5350 SGD is the next bullish target 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 1.5375 SGD. After this resistance, buyers could then target 1.5391 SGD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/SGD rating is 1.5298 SGD. On the day, this instrument lost -0.02% and was traded between 1.5292 SGD and 1.5305 SGD over the period. The price is currently at +0.04% from its lowest and -0.05% from its highest.1.5292
1.5305
1.5298
Here is a more detailed summary of the historical variations registered by CHF/SGD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/SGD indicates that the overall trend is bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5258 | 1.5280 | 1.5296 | 1.5298 | 1.5308 | 1.5350 | 1.5375 |
| Change (%) | -0.26% | -0.12% | -0.01% | - | +0.07% | +0.34% | +0.50% |
| Change | -0.0040 | -0.0018 | -0.0002 | - | +0.0010 | +0.0052 | +0.0077 |
| Level | Major | Minor | Minor | - | Minor | Major | 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 | 1.5168 | 1.5198 | 1.5250 | 1.5280 | 1.5332 | 1.5362 | 1.5414 |
| Camarilla | 1.5279 | 1.5286 | 1.5294 | 1.5301 | 1.5309 | 1.5316 | 1.5324 |
| Woodie | 1.5178 | 1.5204 | 1.5260 | 1.5286 | 1.5342 | 1.5368 | 1.5424 |
| Fibonacci | 1.5198 | 1.5230 | 1.5249 | 1.5280 | 1.5312 | 1.5331 | 1.5362 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5033 | 1.5126 | 1.5188 | 1.5281 | 1.5343 | 1.5436 | 1.5498 |
| Camarilla | 1.5206 | 1.5221 | 1.5235 | 1.5249 | 1.5263 | 1.5277 | 1.5292 |
| Woodie | 1.5017 | 1.5118 | 1.5172 | 1.5273 | 1.5327 | 1.5428 | 1.5482 |
| Fibonacci | 1.5126 | 1.5186 | 1.5222 | 1.5281 | 1.5341 | 1.5377 | 1.5436 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4741 | 1.4878 | 1.5082 | 1.5219 | 1.5423 | 1.5560 | 1.5764 |
| Camarilla | 1.5191 | 1.5223 | 1.5254 | 1.5285 | 1.5316 | 1.5348 | 1.5379 |
| Woodie | 1.4774 | 1.4895 | 1.5115 | 1.5236 | 1.5456 | 1.5577 | 1.5797 |
| Fibonacci | 1.4878 | 1.5009 | 1.5089 | 1.5219 | 1.5350 | 1.5430 | 1.5560 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.67 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 6.2108 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.5298 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5271 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.5251 | |
| Zig ZAG (10): | 1.5297 | |
| VORTEX (21): | 1.0779 | |
| Stochastique (14,3,5): | 81.68 | |
| TEMA (21): | 1.5306 | |
| Williams %R (14): | -21.74 | |
| Chande Momentum Oscillator (20): | 0.0026 | |
| Repulse (5,40,3): | 0.0002 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0078 | |
| Courbe Coppock: | 0.41 |
| MA7: | 1.5306 | |
| MA20: | 1.5236 | |
| MA50: | 1.5180 | |
| MA100: | 1.5222 | |
| MAexp7: | 1.5297 | |
| MAexp20: | 1.5288 | |
| MAexp50: | 1.5283 | |
| MAexp100: | 1.5287 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +0.41% | |
| Price / MA50: | +0.78% | |
| Price / MA100: | +0.50% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.07% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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