CHF/SGD - 1H - Technical analysis published on 02/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 1.4413 SGD
My targets
1.4445 SGD (+0.0003)
1.4558 SGD (+0.0116)
My analysis
The bullish trend is currently very strong on CHF/SGD. As long as the price remains above the support at 1.4413 SGD, you could try to benefit from the boom. The first bullish objective is located at 1.4445 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.4558 SGD as an objective. Crossing it would then enable buyers to target 1.5121 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, 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
7.7
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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 1.4442 SGD. On the day, this instrument gained +0.31% with the lowest point at 1.4389 SGD and the highest point at 1.4508 SGD. The deviation from the price is +0.37% for the low point and -0.45% for the high point.1.4389
1.4508
1.4442
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI 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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.4336 | 1.4413 | 1.4439 | 1.4442 | 1.5121 | 1.5523 | 1.6818 |
| Change (%) | -0.73% | -0.20% | -0.02% | - | +4.70% | +7.49% | +16.45% |
| Change | -0.0106 | -0.0029 | -0.0003 | - | +0.0679 | +0.1081 | +0.2376 |
| Level | Intermediate | Intermediate | Minor | - | Minor | 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 | 1.4221 | 1.4265 | 1.4332 | 1.4376 | 1.4443 | 1.4487 | 1.4554 |
| Camarilla | 1.4368 | 1.4378 | 1.4388 | 1.4398 | 1.4408 | 1.4418 | 1.4429 |
| Woodie | 1.4232 | 1.4271 | 1.4343 | 1.4382 | 1.4454 | 1.4493 | 1.4565 |
| Fibonacci | 1.4265 | 1.4308 | 1.4334 | 1.4376 | 1.4419 | 1.4445 | 1.4487 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3979 | 1.4059 | 1.4172 | 1.4252 | 1.4365 | 1.4445 | 1.4558 |
| Camarilla | 1.4233 | 1.4251 | 1.4268 | 1.4286 | 1.4304 | 1.4321 | 1.4339 |
| Woodie | 1.3997 | 1.4067 | 1.4190 | 1.4260 | 1.4383 | 1.4453 | 1.4576 |
| Fibonacci | 1.4059 | 1.4132 | 1.4178 | 1.4252 | 1.4325 | 1.4371 | 1.4445 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3582 | 1.3704 | 1.3934 | 1.4056 | 1.4286 | 1.4408 | 1.4638 |
| Camarilla | 1.4068 | 1.4101 | 1.4133 | 1.4165 | 1.4197 | 1.4230 | 1.4262 |
| Woodie | 1.3637 | 1.3731 | 1.3989 | 1.4083 | 1.4341 | 1.4435 | 1.4693 |
| Fibonacci | 1.3704 | 1.3838 | 1.3921 | 1.4056 | 1.4190 | 1.4273 | 1.4408 |
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): | 63.16 | |
| MACD (12,26,9): | 0.0026 | |
| Directional Movement: | 14.1193 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 1.4461 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4428 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 1.4392 | |
| Zig ZAG (10): | 1.4454 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 57.76 | |
| TEMA (21): | 1.4468 | |
| Williams %R (14): | -50.42 | |
| Chande Momentum Oscillator (20): | 0.0051 | |
| Repulse (5,40,3): | -0.0802 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0251 | |
| Courbe Coppock: | 0.88 |
| MA7: | 1.4327 | |
| MA20: | 1.4237 | |
| MA50: | 1.4046 | |
| MA100: | 1.3897 | |
| MAexp7: | 1.4450 | |
| MAexp20: | 1.4427 | |
| MAexp50: | 1.4387 | |
| MAexp100: | 1.4349 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +1.44% | |
| Price / MA50: | +2.82% | |
| Price / MA100: | +3.92% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.65% |
This member declared not having a position on this financial instrument or a related financial instrument.
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