EUR/SGD - 1H - Technical analysis published on 11/10/2021 (GMT)
- 194
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 1.5635 SGD
My targets
1.5575 SGD (-0.0031)
1.5444 SGD (-0.0162)
My analysis
The bearish trend is currently very strong for EUR/SGD. As long as the price remains below the resistance at 1.5635 SGD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.5575 SGD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.5444 SGD as an objective. Crossing it would then enable sellers to target 1.5314 SGD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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
The EUR/SGD price is 1.5606 SGD. The price registered a decrease of -0.11% on the session with the lowest point at 1.5582 SGD and the highest point at 1.5629 SGD. The deviation from the price is +0.15% for the low point and -0.15% for the high point.1.5582
1.5629
1.5606
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of EUR/SGD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | 1.5561 | 1.5575 | 1.5591 | 1.5606 | 1.5613 | 1.5635 | 1.5671 |
| Change (%) | -0.29% | -0.20% | -0.10% | - | +0.04% | +0.19% | +0.42% |
| Change | -0.0045 | -0.0031 | -0.0015 | - | +0.0007 | +0.0029 | +0.0065 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5551 | 1.5570 | 1.5597 | 1.5616 | 1.5643 | 1.5662 | 1.5689 |
| Camarilla | 1.5610 | 1.5615 | 1.5619 | 1.5623 | 1.5627 | 1.5631 | 1.5636 |
| Woodie | 1.5554 | 1.5572 | 1.5600 | 1.5618 | 1.5646 | 1.5664 | 1.5692 |
| Fibonacci | 1.5570 | 1.5588 | 1.5599 | 1.5616 | 1.5634 | 1.5645 | 1.5662 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5444 | 1.5500 | 1.5560 | 1.5616 | 1.5676 | 1.5732 | 1.5792 |
| Camarilla | 1.5589 | 1.5600 | 1.5610 | 1.5621 | 1.5632 | 1.5642 | 1.5653 |
| Woodie | 1.5447 | 1.5501 | 1.5563 | 1.5617 | 1.5679 | 1.5733 | 1.5795 |
| Fibonacci | 1.5500 | 1.5544 | 1.5571 | 1.5616 | 1.5660 | 1.5687 | 1.5732 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5301 | 1.5436 | 1.5514 | 1.5649 | 1.5727 | 1.5862 | 1.5940 |
| Camarilla | 1.5533 | 1.5553 | 1.5573 | 1.5592 | 1.5612 | 1.5631 | 1.5651 |
| Woodie | 1.5273 | 1.5422 | 1.5486 | 1.5635 | 1.5699 | 1.5848 | 1.5912 |
| Fibonacci | 1.5436 | 1.5517 | 1.5568 | 1.5649 | 1.5730 | 1.5781 | 1.5862 |
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): | 48.04 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -7.6065 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.5603 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5621 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 1.5584 | |
| Zig ZAG (10): | 1.5600 | |
| VORTEX (21): | 0.9719 | |
| Stochastique (14,3,5): | 20.11 | |
| TEMA (21): | 1.5599 | |
| Williams %R (14): | -57.45 | |
| Chande Momentum Oscillator (20): | -0.0019 | |
| Repulse (5,40,3): | 0.0479 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0007 | |
| Courbe Coppock: | 0.19 |
| MA7: | 1.5619 | |
| MA20: | 1.5639 | |
| MA50: | 1.5742 | |
| MA100: | 1.5863 | |
| MAexp7: | 1.5601 | |
| MAexp20: | 1.5607 | |
| MAexp50: | 1.5610 | |
| MAexp100: | 1.5613 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | -0.86% | |
| Price / MA100: | -1.62% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.04% |
Quotes :
-
Real time data
-
Forex
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