EUR/SGD - 1H - Technical analysis published on 04/08/2020 (GMT)
- Who voted?
- 219
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 1.5487 SGD
My targets
1.5567 SGD (+0.0048)
1.5713 SGD (+0.0194)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade EUR/SGD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.5487 SGD. The buyers” bullish objective is set at 1.5567 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.5713 SGD. If there is any crossing, the next objective would be the resistance located at 1.5792 SGD. If there is a bearish break in the support located at 1.5487 SGD some indecision would arise.
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
2.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/SGD rating 1.5519 SGD. The price is lower by -0.05% since the last closing and was between 1.5478 SGD and 1.5546 SGD. This implies that the price is at +0.26% from its lowest and at -0.17% from its highest.1.5478
1.5546
1.5519
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this EUR/SGD chart shows a slightly bullish trend. 46.43% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.5242 | 1.5444 | 1.5487 | 1.5519 | 1.5567 | 1.5713 | 1.5792 |
| Change (%) | -1.78% | -0.48% | -0.21% | - | +0.31% | +1.25% | +1.76% |
| Change | -0.0277 | -0.0075 | -0.0032 | - | +0.0048 | +0.0194 | +0.0273 |
| Level | Intermediate | Major | Major | - | 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 | 1.5366 | 1.5405 | 1.5466 | 1.5505 | 1.5566 | 1.5605 | 1.5666 |
| Camarilla | 1.5500 | 1.5509 | 1.5518 | 1.5527 | 1.5536 | 1.5545 | 1.5555 |
| Woodie | 1.5377 | 1.5411 | 1.5477 | 1.5511 | 1.5577 | 1.5611 | 1.5677 |
| Fibonacci | 1.5405 | 1.5443 | 1.5467 | 1.5505 | 1.5543 | 1.5567 | 1.5605 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4912 | 1.5191 | 1.5370 | 1.5649 | 1.5828 | 1.6107 | 1.6286 |
| Camarilla | 1.5424 | 1.5466 | 1.5508 | 1.5550 | 1.5592 | 1.5634 | 1.5676 |
| Woodie | 1.4863 | 1.5166 | 1.5321 | 1.5624 | 1.5779 | 1.6082 | 1.6237 |
| Fibonacci | 1.5191 | 1.5366 | 1.5474 | 1.5649 | 1.5824 | 1.5932 | 1.6107 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4737 | 1.5043 | 1.5359 | 1.5665 | 1.5981 | 1.6287 | 1.6603 |
| Camarilla | 1.5504 | 1.5561 | 1.5618 | 1.5675 | 1.5732 | 1.5789 | 1.5846 |
| Woodie | 1.4742 | 1.5046 | 1.5364 | 1.5668 | 1.5986 | 1.6290 | 1.6608 |
| Fibonacci | 1.5043 | 1.5281 | 1.5427 | 1.5665 | 1.5903 | 1.6049 | 1.6287 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.26 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 6.3705 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.5514 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5539 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.5453 | |
| Zig ZAG (10): | 1.5513 | |
| VORTEX (21): | 1.0346 | |
| Stochastique (14,3,5): | 55.88 | |
| TEMA (21): | 1.5516 | |
| Williams %R (14): | -48.53 | |
| Chande Momentum Oscillator (20): | -0.0015 | |
| Repulse (5,40,3): | -0.0154 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0046 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.5564 | |
| MA20: | 1.5666 | |
| MA50: | 1.5429 | |
| MA100: | 1.5234 | |
| MAexp7: | 1.5510 | |
| MAexp20: | 1.5510 | |
| MAexp50: | 1.5510 | |
| MAexp100: | 1.5536 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | +0.58% | |
| Price / MA100: | +1.87% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | -0.11% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/SGD - 1H