CHF/SGD - 1H - Technical analysis published on 08/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 1.5282 SGD
My targets
1.5105 SGD (-0.0112)
1.4949 SGD (-0.0268)
My analysis
The bearish trend is currently very strong for CHF/SGD. As long as the price remains below the resistance at 1.5282 SGD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.5105 SGD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.4949 SGD as an objective. Crossing it would then enable sellers to target 1.4827 SGD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7
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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 1.5217 SGD. The price registered a decrease of -0.06% on the session and was traded between 1.5185 SGD and 1.5264 SGD over the period. The price is currently at +0.21% from its lowest and -0.31% from its highest.1.5185
1.5264
1.5217
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/SGD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4949 | 1.5105 | 1.5211 | 1.5217 | 1.5282 | 1.5330 | 1.5418 |
| Change (%) | -1.76% | -0.74% | -0.04% | - | +0.43% | +0.74% | +1.32% |
| Change | -0.0268 | -0.0112 | -0.0006 | - | +0.0065 | +0.0113 | +0.0201 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5103 | 1.5162 | 1.5194 | 1.5253 | 1.5285 | 1.5344 | 1.5376 |
| Camarilla | 1.5201 | 1.5209 | 1.5218 | 1.5226 | 1.5234 | 1.5243 | 1.5251 |
| Woodie | 1.5090 | 1.5155 | 1.5181 | 1.5246 | 1.5272 | 1.5337 | 1.5363 |
| Fibonacci | 1.5162 | 1.5197 | 1.5218 | 1.5253 | 1.5288 | 1.5309 | 1.5344 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4731 | 1.4991 | 1.5145 | 1.5405 | 1.5559 | 1.5819 | 1.5973 |
| Camarilla | 1.5186 | 1.5224 | 1.5262 | 1.5300 | 1.5338 | 1.5376 | 1.5414 |
| Woodie | 1.4679 | 1.4965 | 1.5093 | 1.5379 | 1.5507 | 1.5793 | 1.5921 |
| Fibonacci | 1.4991 | 1.5149 | 1.5247 | 1.5405 | 1.5563 | 1.5661 | 1.5819 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4693 | 1.4827 | 1.5022 | 1.5156 | 1.5351 | 1.5485 | 1.5680 |
| Camarilla | 1.5126 | 1.5156 | 1.5186 | 1.5216 | 1.5246 | 1.5276 | 1.5307 |
| Woodie | 1.4723 | 1.4842 | 1.5052 | 1.5171 | 1.5381 | 1.5500 | 1.5710 |
| Fibonacci | 1.4827 | 1.4953 | 1.5031 | 1.5156 | 1.5282 | 1.5360 | 1.5485 |
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): | 41.68 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -5.3406 | |
| AROON (14): | -28.5715 | |
| DEMA (21): | 1.5222 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5253 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.5282 | |
| Zig ZAG (10): | 1.5215 | |
| VORTEX (21): | 0.9622 | |
| Stochastique (14,3,5): | 45.99 | |
| TEMA (21): | 1.5222 | |
| Williams %R (14): | -59.49 | |
| Chande Momentum Oscillator (20): | -0.0021 | |
| Repulse (5,40,3): | -0.1392 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0069 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.5332 | |
| MA20: | 1.5267 | |
| MA50: | 1.5165 | |
| MA100: | 1.5033 | |
| MAexp7: | 1.5224 | |
| MAexp20: | 1.5233 | |
| MAexp50: | 1.5252 | |
| MAexp100: | 1.5281 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | +0.34% | |
| Price / MA100: | +1.22% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.42% |
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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