CHF/SGD - 1H - Technical analysis published on 01/27/2020 (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 bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.3966 SGD
My targets
1.4057 SGD (+0.0066)
1.4123 SGD (+0.0132)
My analysis
The bullish trend is currently very strong on CHF/SGD. As long as the price remains above the support at 1.3966 SGD, you could try to benefit from the boom. The first bullish objective is located at 1.4057 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.4123 SGD as an objective. Crossing it would then enable buyers to target 1.4294 SGD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.8
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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 1.3991 SGD. The price registered an increase of +0.55% on the session and was traded between 1.3931 SGD and 1.4015 SGD over the period. The price is currently at +0.43% from its lowest and -0.17% from its highest.1.3931
1.4015
1.3991
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/SGD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3923 | 1.3950 | 1.3966 | 1.3991 | 1.3994 | 1.4123 | 1.4294 |
| Change (%) | -0.49% | -0.29% | -0.18% | - | +0.02% | +0.94% | +2.17% |
| Change | -0.0068 | -0.0041 | -0.0025 | - | +0.0003 | +0.0132 | +0.0303 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3870 | 1.3888 | 1.3901 | 1.3919 | 1.3932 | 1.3950 | 1.3963 |
| Camarilla | 1.3906 | 1.3908 | 1.3911 | 1.3914 | 1.3917 | 1.3920 | 1.3923 |
| Woodie | 1.3868 | 1.3887 | 1.3899 | 1.3918 | 1.3930 | 1.3949 | 1.3961 |
| Fibonacci | 1.3888 | 1.3900 | 1.3907 | 1.3919 | 1.3931 | 1.3938 | 1.3950 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3775 | 1.3823 | 1.3869 | 1.3917 | 1.3963 | 1.4011 | 1.4057 |
| Camarilla | 1.3888 | 1.3897 | 1.3905 | 1.3914 | 1.3923 | 1.3931 | 1.3940 |
| Woodie | 1.3773 | 1.3823 | 1.3867 | 1.3917 | 1.3961 | 1.4011 | 1.4055 |
| Fibonacci | 1.3823 | 1.3859 | 1.3881 | 1.3917 | 1.3953 | 1.3975 | 1.4011 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3454 | 1.3557 | 1.3733 | 1.3836 | 1.4012 | 1.4115 | 1.4291 |
| Camarilla | 1.3831 | 1.3857 | 1.3882 | 1.3908 | 1.3934 | 1.3959 | 1.3985 |
| Woodie | 1.3490 | 1.3575 | 1.3769 | 1.3854 | 1.4048 | 1.4133 | 1.4327 |
| Fibonacci | 1.3557 | 1.3664 | 1.3730 | 1.3836 | 1.3943 | 1.4009 | 1.4115 |
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): | 70.98 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 24.5459 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.3990 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3955 | |
| Elder Ray (13): | 0.0030 | |
| Super Trend (3,10): | 1.3955 | |
| Zig ZAG (10): | 1.4008 | |
| VORTEX (21): | 1.1584 | |
| Stochastique (14,3,5): | 94.16 | |
| TEMA (21): | 1.4004 | |
| Williams %R (14): | -16.00 | |
| Chande Momentum Oscillator (20): | 0.0040 | |
| Repulse (5,40,3): | 0.1132 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0136 | |
| Courbe Coppock: | 0.68 |
| MA7: | 1.3936 | |
| MA20: | 1.3918 | |
| MA50: | 1.3831 | |
| MA100: | 1.3820 | |
| MAexp7: | 1.3990 | |
| MAexp20: | 1.3968 | |
| MAexp50: | 1.3949 | |
| MAexp100: | 1.3939 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +1.16% | |
| Price / MA100: | +1.24% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.37% |
This member declared not having a position on this financial instrument or a related financial instrument.
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