EUR/SGD - 1H - Technical analysis published on 01/18/2022 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 1.5395 SGD
My targets
1.5351 SGD (-0.0021)
1.5322 SGD (-0.0050)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/SGD as long as the price remains well below 1.5395 SGD. The sellers' bearish objective is set at 1.5351 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.5322 SGD. In case of crossing, the next objective would be the support located at 1.5171 SGD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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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
The EUR/SGD rating is 1.5372 SGD. The price is lower by -0.09% since the last closing and was between 1.5359 SGD and 1.5388 SGD. This implies that the price is at +0.08% from its lowest and at -0.10% from its highest.1.5359
1.5388
1.5372
Here is a more detailed summary of the historical variations registered by EUR/SGD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/SGD in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
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 | 1.5322 | 1.5351 | 1.5363 | 1.5372 | 1.5375 | 1.5395 | 1.5414 |
| Change (%) | -0.33% | -0.14% | -0.06% | - | +0.02% | +0.15% | +0.27% |
| Change | -0.0050 | -0.0021 | -0.0009 | - | +0.0003 | +0.0023 | +0.0042 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5310 | 1.5337 | 1.5361 | 1.5388 | 1.5412 | 1.5439 | 1.5463 |
| Camarilla | 1.5372 | 1.5377 | 1.5381 | 1.5386 | 1.5391 | 1.5395 | 1.5400 |
| Woodie | 1.5310 | 1.5336 | 1.5361 | 1.5387 | 1.5412 | 1.5438 | 1.5463 |
| Fibonacci | 1.5337 | 1.5356 | 1.5368 | 1.5388 | 1.5407 | 1.5419 | 1.5439 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5200 | 1.5261 | 1.5321 | 1.5382 | 1.5442 | 1.5503 | 1.5563 |
| Camarilla | 1.5348 | 1.5359 | 1.5370 | 1.5381 | 1.5392 | 1.5403 | 1.5414 |
| Woodie | 1.5200 | 1.5261 | 1.5321 | 1.5382 | 1.5442 | 1.5503 | 1.5563 |
| Fibonacci | 1.5261 | 1.5307 | 1.5336 | 1.5382 | 1.5428 | 1.5457 | 1.5503 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4957 | 1.5110 | 1.5223 | 1.5376 | 1.5489 | 1.5642 | 1.5755 |
| Camarilla | 1.5264 | 1.5288 | 1.5313 | 1.5337 | 1.5361 | 1.5386 | 1.5410 |
| Woodie | 1.4938 | 1.5100 | 1.5204 | 1.5366 | 1.5470 | 1.5632 | 1.5736 |
| Fibonacci | 1.5110 | 1.5211 | 1.5274 | 1.5376 | 1.5477 | 1.5540 | 1.5642 |
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): | 45.61 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -5.3505 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.5369 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5387 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.5402 | |
| Zig ZAG (10): | 1.5374 | |
| VORTEX (21): | 0.9198 | |
| Stochastique (14,3,5): | 24.73 | |
| TEMA (21): | 1.5367 | |
| Williams %R (14): | -51.61 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | 0.0234 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0054 | |
| Courbe Coppock: | 0.14 |
| MA7: | 1.5383 | |
| MA20: | 1.5366 | |
| MA50: | 1.5400 | |
| MA100: | 1.5575 | |
| MAexp7: | 1.5370 | |
| MAexp20: | 1.5377 | |
| MAexp50: | 1.5386 | |
| MAexp100: | 1.5387 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | -0.18% | |
| Price / MA100: | -1.30% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.10% |
Quotes :
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Real time data
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Forex
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