CHF/SGD - 1H - Technical analysis published on 01/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 1.5651 SGD
My targets
1.5518 SGD (-0.0082)
1.5470 SGD (-0.0130)
My analysis
There is a bearish trend on CHF/SGD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1.5651 SGD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1.5518 SGD. Then the price could move towards 1.5470 SGD. Then 1.5434 SGD by extension. Be careful, a return to above the resistance 1.5651 SGD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/SGD price is 1.5600 SGD. On the day, this instrument lost -0.02% with the lowest point at 1.5575 SGD and the highest point at 1.5625 SGD. The deviation from the price is +0.16% for the low point and -0.16% for the high point.1.5575
1.5625
1.5600
A study of price movements over other periods shows the following variations:
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
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/SGD chart shows a bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5434 | 1.5470 | 1.5518 | 1.5600 | 1.5608 | 1.5651 | 1.5700 |
| Change (%) | -1.06% | -0.83% | -0.53% | - | +0.05% | +0.33% | +0.64% |
| Change | -0.0166 | -0.0130 | -0.0082 | - | +0.0008 | +0.0051 | +0.0100 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | 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 | 1.5459 | 1.5520 | 1.5562 | 1.5623 | 1.5665 | 1.5726 | 1.5768 |
| Camarilla | 1.5575 | 1.5584 | 1.5594 | 1.5603 | 1.5612 | 1.5622 | 1.5631 |
| Woodie | 1.5449 | 1.5515 | 1.5552 | 1.5618 | 1.5655 | 1.5721 | 1.5758 |
| Fibonacci | 1.5520 | 1.5560 | 1.5584 | 1.5623 | 1.5663 | 1.5687 | 1.5726 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5100 | 1.5264 | 1.5473 | 1.5637 | 1.5846 | 1.6010 | 1.6219 |
| Camarilla | 1.5579 | 1.5614 | 1.5648 | 1.5682 | 1.5716 | 1.5750 | 1.5785 |
| Woodie | 1.5123 | 1.5275 | 1.5496 | 1.5648 | 1.5869 | 1.6021 | 1.6242 |
| Fibonacci | 1.5264 | 1.5407 | 1.5495 | 1.5637 | 1.5780 | 1.5868 | 1.6010 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4753 | 1.4987 | 1.5334 | 1.5568 | 1.5915 | 1.6149 | 1.6496 |
| Camarilla | 1.5522 | 1.5576 | 1.5629 | 1.5682 | 1.5735 | 1.5789 | 1.5842 |
| Woodie | 1.4811 | 1.5015 | 1.5392 | 1.5596 | 1.5973 | 1.6177 | 1.6554 |
| Fibonacci | 1.4987 | 1.5209 | 1.5346 | 1.5568 | 1.5790 | 1.5927 | 1.6149 |
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): | 41.06 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -9.9249 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.5595 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5627 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 1.5662 | |
| Zig ZAG (10): | 1.5589 | |
| VORTEX (21): | 0.9646 | |
| Stochastique (14,3,5): | 18.23 | |
| TEMA (21): | 1.5595 | |
| Williams %R (14): | -72.22 | |
| Chande Momentum Oscillator (20): | -0.0026 | |
| Repulse (5,40,3): | -0.1084 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0131 | |
| Courbe Coppock: | 0.15 |
| MA7: | 1.5625 | |
| MA20: | 1.5451 | |
| MA50: | 1.5279 | |
| MA100: | 1.5244 | |
| MAexp7: | 1.5603 | |
| MAexp20: | 1.5613 | |
| MAexp50: | 1.5632 | |
| MAexp100: | 1.5622 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | +0.96% | |
| Price / MA50: | +2.10% | |
| Price / MA100: | +2.34% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.14% |
Quotes :
-
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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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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