CHF/SGD - 1H - Technical analysis published on 10/16/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
61%
17%
22%
My opinion
Neutral between 1.3752 SGD and 1.3804 SGD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1.3804 SGD. The first support is located at 1.3752 SGD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CHF/SGD.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 1.3755 SGD. The price has increased by +0.18% since the last closing with the lowest point at 1.3726 SGD and the highest point at 1.3775 SGD. The deviation from the price is +0.21% for the low point and -0.15% for the high point.1.3726
1.3775
1.3755
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of CHF/SGD indicates that the overall trend is slightly bearish. 50% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
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 | 1.3624 | 1.3717 | 1.3752 | 1.3755 | 1.3804 | 1.3857 | 1.3922 |
| Change (%) | -0.95% | -0.28% | -0.02% | - | +0.36% | +0.74% | +1.21% |
| Change | -0.0131 | -0.0038 | -0.0003 | - | +0.0049 | +0.0102 | +0.0167 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | 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 | 1.3676 | 1.3695 | 1.3713 | 1.3732 | 1.3750 | 1.3769 | 1.3787 |
| Camarilla | 1.3720 | 1.3723 | 1.3727 | 1.3730 | 1.3733 | 1.3737 | 1.3740 |
| Woodie | 1.3675 | 1.3695 | 1.3712 | 1.3732 | 1.3749 | 1.3769 | 1.3786 |
| Fibonacci | 1.3695 | 1.3710 | 1.3718 | 1.3732 | 1.3747 | 1.3755 | 1.3769 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3463 | 1.3598 | 1.3684 | 1.3819 | 1.3905 | 1.4040 | 1.4126 |
| Camarilla | 1.3710 | 1.3731 | 1.3751 | 1.3771 | 1.3791 | 1.3812 | 1.3832 |
| Woodie | 1.3440 | 1.3586 | 1.3661 | 1.3807 | 1.3882 | 1.4028 | 1.4103 |
| Fibonacci | 1.3598 | 1.3682 | 1.3734 | 1.3819 | 1.3903 | 1.3955 | 1.4040 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3354 | 1.3564 | 1.3709 | 1.3919 | 1.4064 | 1.4274 | 1.4419 |
| Camarilla | 1.3757 | 1.3790 | 1.3823 | 1.3855 | 1.3888 | 1.3920 | 1.3953 |
| Woodie | 1.3323 | 1.3548 | 1.3678 | 1.3903 | 1.4033 | 1.4258 | 1.4388 |
| Fibonacci | 1.3564 | 1.3699 | 1.3783 | 1.3919 | 1.4054 | 1.4138 | 1.4274 |
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): | 55.03 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 5.1552 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.3752 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3786 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 1.3782 | |
| Zig ZAG (10): | 1.3749 | |
| VORTEX (21): | 1.0189 | |
| Stochastique (14,3,5): | 76.29 | |
| TEMA (21): | 1.3759 | |
| Williams %R (14): | -39.66 | |
| Chande Momentum Oscillator (20): | 0.0029 | |
| Repulse (5,40,3): | -0.0489 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0031 | |
| Courbe Coppock: | 0.43 |
| MA7: | 1.3804 | |
| MA20: | 1.3865 | |
| MA50: | 1.3988 | |
| MA100: | 1.3901 | |
| MAexp7: | 1.3756 | |
| MAexp20: | 1.3747 | |
| MAexp50: | 1.3747 | |
| MAexp100: | 1.3767 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | -0.79% | |
| Price / MA50: | -1.67% | |
| Price / MA100: | -1.05% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | -0.09% |
This member declared not having a position on this financial instrument or a related financial instrument.
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