CHF/SGD - 1H - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.3768 SGD
My targets
1.3845 SGD (+0.0030)
1.3923 SGD (+0.0108)
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 1.3768 SGD. The next resistance located at 1.3845 SGD is the next bullish objective 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 1.3923 SGD. After this resistance, buyers could then target 1.4009 SGD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.4
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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 1.3815 SGD. On the day, this instrument gained +0.14% and was traded between 1.3774 SGD and 1.3829 SGD over the period. The price is currently at +0.30% from its lowest and -0.10% from its highest.1.3774
1.3829
1.3815
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/SGD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/SGD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.3724 | 1.3768 | 1.3810 | 1.3815 | 1.3845 | 1.3923 | 1.4009 |
| Change (%) | -0.66% | -0.34% | -0.04% | - | +0.22% | +0.78% | +1.40% |
| Change | -0.0091 | -0.0047 | -0.0005 | - | +0.0030 | +0.0108 | +0.0194 |
| Level | Minor | Major | Major | - | 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 | 1.3713 | 1.3737 | 1.3766 | 1.3790 | 1.3819 | 1.3843 | 1.3872 |
| Camarilla | 1.3781 | 1.3786 | 1.3791 | 1.3796 | 1.3801 | 1.3806 | 1.3811 |
| Woodie | 1.3717 | 1.3738 | 1.3770 | 1.3791 | 1.3823 | 1.3844 | 1.3876 |
| Fibonacci | 1.3737 | 1.3757 | 1.3769 | 1.3790 | 1.3810 | 1.3822 | 1.3843 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3462 | 1.3561 | 1.3647 | 1.3746 | 1.3832 | 1.3931 | 1.4017 |
| Camarilla | 1.3681 | 1.3698 | 1.3715 | 1.3732 | 1.3749 | 1.3766 | 1.3783 |
| Woodie | 1.3455 | 1.3558 | 1.3640 | 1.3743 | 1.3825 | 1.3928 | 1.4010 |
| Fibonacci | 1.3561 | 1.3632 | 1.3676 | 1.3746 | 1.3817 | 1.3861 | 1.3931 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3377 | 1.3488 | 1.3583 | 1.3694 | 1.3789 | 1.3900 | 1.3995 |
| Camarilla | 1.3620 | 1.3639 | 1.3658 | 1.3677 | 1.3696 | 1.3715 | 1.3734 |
| Woodie | 1.3368 | 1.3484 | 1.3574 | 1.3690 | 1.3780 | 1.3896 | 1.3986 |
| Fibonacci | 1.3488 | 1.3567 | 1.3616 | 1.3694 | 1.3773 | 1.3822 | 1.3900 |
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): | 57.78 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 10.5680 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.3806 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3777 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.3771 | |
| Zig ZAG (10): | 1.3813 | |
| VORTEX (21): | 1.0210 | |
| Stochastique (14,3,5): | 70.91 | |
| TEMA (21): | 1.3805 | |
| Williams %R (14): | -25.45 | |
| Chande Momentum Oscillator (20): | 0.0011 | |
| Repulse (5,40,3): | 0.0680 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0028 | |
| Courbe Coppock: | 0.03 |
| MA7: | 1.3784 | |
| MA20: | 1.3743 | |
| MA50: | 1.3757 | |
| MA100: | 1.3887 | |
| MAexp7: | 1.3804 | |
| MAexp20: | 1.3801 | |
| MAexp50: | 1.3791 | |
| MAexp100: | 1.3780 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +0.42% | |
| Price / MA100: | -0.52% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.25% |
This member declared not having a position on this financial instrument or a related financial instrument.
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