EUR/SGD - 1H - Technical analysis published on 07/20/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 1.4202 SGD
My targets
1.4262 SGD (+0.0027)
1.4297 SGD (+0.0062)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.4202 SGD remains possible. 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 1.4202 SGD. The next bullish objective for buyers is set at 1.4262 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4297 SGD. If there is any crossing, the next objective would be the resistance located at 1.4493 SGD. PS: if there is a bearish break in the support located at 1.4202 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.4
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Additional analysis
Quotes
The EUR/SGD price is 1.4235 SGD. The price is lower by -0.01% since the last closing and was between 1.4185 SGD and 1.4296 SGD. This implies that the price is at +0.35% from its lowest and at -0.43% from its highest.1.4185
1.4296
1.4235
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/SGD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.4019 | 1.4131 | 1.4202 | 1.4235 | 1.4262 | 1.4297 | 1.4493 |
| Change (%) | -1.52% | -0.73% | -0.23% | - | +0.19% | +0.44% | +1.81% |
| Change | -0.0216 | -0.0104 | -0.0033 | - | +0.0027 | +0.0062 | +0.0258 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3981 | 1.4057 | 1.4146 | 1.4222 | 1.4311 | 1.4387 | 1.4476 |
| Camarilla | 1.4191 | 1.4206 | 1.4221 | 1.4236 | 1.4251 | 1.4266 | 1.4281 |
| Woodie | 1.3989 | 1.4060 | 1.4154 | 1.4225 | 1.4319 | 1.4390 | 1.4484 |
| Fibonacci | 1.4057 | 1.4120 | 1.4159 | 1.4222 | 1.4285 | 1.4324 | 1.4387 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3679 | 1.3824 | 1.3973 | 1.4118 | 1.4267 | 1.4412 | 1.4561 |
| Camarilla | 1.4042 | 1.4069 | 1.4096 | 1.4123 | 1.4150 | 1.4177 | 1.4204 |
| Woodie | 1.3682 | 1.3825 | 1.3976 | 1.4119 | 1.4270 | 1.4413 | 1.4564 |
| Fibonacci | 1.3824 | 1.3936 | 1.4005 | 1.4118 | 1.4230 | 1.4299 | 1.4412 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3997 | 1.4210 | 1.4389 | 1.4602 | 1.4781 | 1.4994 | 1.5173 |
| Camarilla | 1.4459 | 1.4495 | 1.4531 | 1.4567 | 1.4603 | 1.4639 | 1.4675 |
| Woodie | 1.3979 | 1.4202 | 1.4371 | 1.4594 | 1.4763 | 1.4986 | 1.5155 |
| Fibonacci | 1.4210 | 1.4360 | 1.4453 | 1.4602 | 1.4752 | 1.4845 | 1.4994 |
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): | 47.00 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -1.4730 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.4238 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4289 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 1.4291 | |
| Zig ZAG (10): | 1.4219 | |
| VORTEX (21): | 0.9482 | |
| Stochastique (14,3,5): | 25.83 | |
| TEMA (21): | 1.4226 | |
| Williams %R (14): | -59.46 | |
| Chande Momentum Oscillator (20): | -0.0021 | |
| Repulse (5,40,3): | 0.0869 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0075 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.4153 | |
| MA20: | 1.4355 | |
| MA50: | 1.4522 | |
| MA100: | 1.4671 | |
| MAexp7: | 1.4230 | |
| MAexp20: | 1.4233 | |
| MAexp50: | 1.4213 | |
| MAexp100: | 1.4186 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -1.98% | |
| Price / MA100: | -2.97% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.35% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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