CHF/SGD - 1H - Technical analysis published on 11/05/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.3715 SGD
My targets
1.3664 SGD (-0.09%)
1.3624 SGD (-0.38%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/SGD as long as the price remains well below 1.3715 SGD. The sellers” bearish objective is set at 1.3664 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3624 SGD. In case of crossing, the next objective would be the support located at 1.3436 SGD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.3
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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
CHF/SGD rating 1.3676 SGD. The price registered a decrease of -0.48% on the session and was traded between 1.3675 SGD and 1.3755 SGD over the period. The price is currently at +0.01% from its lowest and -0.57% from its highest.1.3675
1.3755
1.3676
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CHF/SGD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 1.3436 | 1.3624 | 1.3664 | 1.3676 | 1.3715 | 1.3730 | 1.3749 |
| Change (%) | -1.75% | -0.38% | -0.09% | - | +0.29% | +0.39% | +0.53% |
| Change | -0.0240 | -0.0052 | -0.0012 | - | +0.0039 | +0.0054 | +0.0073 |
| Level | Intermediate | Major | 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 | 1.3686 | 1.3710 | 1.3727 | 1.3751 | 1.3768 | 1.3792 | 1.3809 |
| Camarilla | 1.3732 | 1.3736 | 1.3739 | 1.3743 | 1.3747 | 1.3751 | 1.3754 |
| Woodie | 1.3682 | 1.3708 | 1.3723 | 1.3749 | 1.3764 | 1.3790 | 1.3805 |
| Fibonacci | 1.3710 | 1.3726 | 1.3736 | 1.3751 | 1.3767 | 1.3777 | 1.3792 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3538 | 1.3601 | 1.3687 | 1.3750 | 1.3836 | 1.3899 | 1.3985 |
| Camarilla | 1.3732 | 1.3746 | 1.3759 | 1.3773 | 1.3787 | 1.3800 | 1.3814 |
| Woodie | 1.3550 | 1.3607 | 1.3699 | 1.3756 | 1.3848 | 1.3905 | 1.3997 |
| Fibonacci | 1.3601 | 1.3658 | 1.3693 | 1.3750 | 1.3807 | 1.3842 | 1.3899 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3354 | 1.3509 | 1.3651 | 1.3806 | 1.3948 | 1.4103 | 1.4245 |
| Camarilla | 1.3711 | 1.3739 | 1.3766 | 1.3793 | 1.3820 | 1.3848 | 1.3875 |
| Woodie | 1.3348 | 1.3506 | 1.3645 | 1.3803 | 1.3942 | 1.4100 | 1.4239 |
| Fibonacci | 1.3509 | 1.3623 | 1.3693 | 1.3806 | 1.3920 | 1.3990 | 1.4103 |
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): | 25.67 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -22.4284 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.3681 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3699 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 1.3720 | |
| Zig ZAG (10): | 1.3676 | |
| VORTEX (21): | 0.7263 | |
| Stochastique (14,3,5): | 3.05 | |
| TEMA (21): | 1.3671 | |
| Williams %R (14): | -95.35 | |
| Chande Momentum Oscillator (20): | -0.0046 | |
| Repulse (5,40,3): | -0.0518 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0203 | |
| Courbe Coppock: | 0.89 |
| MA7: | 1.3735 | |
| MA20: | 1.3767 | |
| MA50: | 1.3868 | |
| MA100: | 1.3904 | |
| MAexp7: | 1.3686 | |
| MAexp20: | 1.3708 | |
| MAexp50: | 1.3733 | |
| MAexp100: | 1.3741 | |
| Price / MA7: | -0.43% | |
| Price / MA20: | -0.66% | |
| Price / MA50: | -1.38% | |
| Price / MA100: | -1.64% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.42% | |
| Price / MAexp100: | -0.47% |
This member declared not having a position on this financial instrument or a related financial instrument.
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