EUR/SGD

- SGD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURSGD
ISIN:

EUR/SGD - 1H - Technical analysis published on 03/22/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bullish

Technical indicators

56%

17%

28%

My opinion

Neutral between 1.4554 SGD and 1.4609 SGD

My targets

My analysis

The short-term decline on EUR/SGD remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 1.4554 SGD. The first resistance is located at 1.4609 SGD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/SGD rating is 1.4593 SGD. On the day, this instrument lost -0.01% and was traded between 1.4575 SGD and 1.4606 SGD over the period. The price is currently at +0.12% from its lowest and -0.09% from its highest.

1.4575

1.4606

1.4593

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

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

Technical analysis of this 1H chart of EUR/SGD indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.4513	1.4537	1.4554	1.4593	1.4596	1.4609	1.4623
Change (%)	-0.55%	-0.38%	-0.27%	-	+0.02%	+0.11%	+0.21%
Change	-0.0080	-0.0056	-0.0039	-	+0.0003	+0.0016	+0.0030
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4510	1.4548	1.4571	1.4609	1.4632	1.4670	1.4693
Camarilla	1.4578	1.4584	1.4589	1.4595	1.4601	1.4606	1.4612
Woodie	1.4504	1.4544	1.4565	1.4605	1.4626	1.4666	1.4687
Fibonacci	1.4548	1.4571	1.4585	1.4609	1.4632	1.4646	1.4670

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4445	1.4481	1.4523	1.4559	1.4601	1.4637	1.4679
Camarilla	1.4543	1.4550	1.4557	1.4564	1.4571	1.4578	1.4586
Woodie	1.4447	1.4483	1.4525	1.4561	1.4603	1.4639	1.4681
Fibonacci	1.4481	1.4511	1.4530	1.4559	1.4589	1.4608	1.4637

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4287	1.4360	1.4451	1.4524	1.4615	1.4688	1.4779
Camarilla	1.4496	1.4511	1.4526	1.4541	1.4556	1.4571	1.4586
Woodie	1.4295	1.4365	1.4459	1.4529	1.4623	1.4693	1.4787
Fibonacci	1.4360	1.4423	1.4462	1.4524	1.4587	1.4626	1.4688

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	49.02
MACD (12,26,9):	-0.0003
Directional Movement:	-2.8946
AROON (14):	-42.8572
DEMA (21):	1.4592
Parabolic SAR (0,02-0,02-0,2):	1.4576
Elder Ray (13):	0.0001
Super Trend (3,10):	1.4622
Zig ZAG (10):	1.4598
VORTEX (21):	1.0129
Stochastique (14,3,5):	67.74
TEMA (21):	1.4589
Williams %R (14):	-32.26
Chande Momentum Oscillator (20):	0.0002
Repulse (5,40,3):	0.0083
ROCnROLL:	-1
TRIX (15,9):	-0.0039
Courbe Coppock:	0.04

MA7:	1.4584
MA20:	1.4577
MA50:	1.4550
MA100:	1.4556
MAexp7:	1.4593
MAexp20:	1.4596
MAexp50:	1.4597
MAexp100:	1.4591
Price / MA7:	+0.06%
Price / MA20:	+0.11%
Price / MA50:	+0.30%
Price / MA100:	+0.25%
Price / MAexp7:	-0%
Price / MAexp20:	-0.02%
Price / MAexp50:	-0.03%
Price / MAexp100:	+0.01%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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