CHF/SGD - 1H - Technical analysis published on 04/01/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
50%
17%
33%
My opinion
Bullish above 1.4811 SGD
My targets
1.4900 SGD (+0.0071)
1.4976 SGD (+0.0147)
My analysis
The current short-term bullish acceleration on CHF/SGD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 1.4811 SGD. Short-term buyers will use the resistance located at 1.4900 SGD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 1.4976 SGD. Crossing this resistance would then open the door for buyers to target 1.5017 SGD. Caution, if there is a return to under 1.4811 SGD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
2.5
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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 1.4829 SGD. The price is lower by +0.29% since the last closing and was between 1.4780 SGD and 1.4889 SGD. This implies that the price is at +0.33% from its lowest and at -0.40% from its highest.1.4780
1.4889
1.4829
Here is a more detailed summary of the historical variations registered by CHF/SGD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CHF/SGD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of CHF/SGD indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support 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 | 1.4738 | 1.4768 | 1.4811 | 1.4829 | 1.4900 | 1.4976 | 1.5017 |
| Change (%) | -0.61% | -0.41% | -0.12% | - | +0.48% | +0.99% | +1.27% |
| Change | -0.0091 | -0.0061 | -0.0018 | - | +0.0071 | +0.0147 | +0.0188 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4561 | 1.4631 | 1.4708 | 1.4778 | 1.4855 | 1.4925 | 1.5002 |
| Camarilla | 1.4746 | 1.4759 | 1.4773 | 1.4786 | 1.4800 | 1.4813 | 1.4826 |
| Woodie | 1.4566 | 1.4633 | 1.4713 | 1.4780 | 1.4860 | 1.4927 | 1.5007 |
| Fibonacci | 1.4631 | 1.4687 | 1.4722 | 1.4778 | 1.4834 | 1.4869 | 1.4925 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4442 | 1.4560 | 1.4786 | 1.4904 | 1.5130 | 1.5248 | 1.5474 |
| Camarilla | 1.4918 | 1.4950 | 1.4982 | 1.5013 | 1.5045 | 1.5076 | 1.5108 |
| Woodie | 1.4497 | 1.4587 | 1.4841 | 1.4931 | 1.5185 | 1.5275 | 1.5529 |
| Fibonacci | 1.4560 | 1.4691 | 1.4772 | 1.4904 | 1.5035 | 1.5116 | 1.5248 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3657 | 1.4021 | 1.4404 | 1.4768 | 1.5151 | 1.5515 | 1.5898 |
| Camarilla | 1.4581 | 1.4649 | 1.4718 | 1.4786 | 1.4855 | 1.4923 | 1.4991 |
| Woodie | 1.3666 | 1.4026 | 1.4413 | 1.4773 | 1.5160 | 1.5520 | 1.5907 |
| Fibonacci | 1.4021 | 1.4307 | 1.4483 | 1.4768 | 1.5054 | 1.5230 | 1.5515 |
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): | 54.02 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 5.7185 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.4828 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4888 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.4780 | |
| Zig ZAG (10): | 1.4829 | |
| VORTEX (21): | 1.0808 | |
| Stochastique (14,3,5): | 59.31 | |
| TEMA (21): | 1.4850 | |
| Williams %R (14): | -53.98 | |
| Chande Momentum Oscillator (20): | 0.0044 | |
| Repulse (5,40,3): | -0.1246 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.99 |
| MA7: | 1.4849 | |
| MA20: | 1.4838 | |
| MA50: | 1.4459 | |
| MA100: | 1.4139 | |
| MAexp7: | 1.4837 | |
| MAexp20: | 1.4819 | |
| MAexp50: | 1.4826 | |
| MAexp100: | 1.4837 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | +2.56% | |
| Price / MA100: | +4.88% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -0.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
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