EUR/SGD - 1H - Technical analysis published on 11/18/2019 (GMT)
- Who voted?
- 142
- 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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 1.5043 SGD
My targets
1.5052 SGD (+0.02%)
1.5065 SGD (+0.11%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/SGD as long as the price remains well above 1.5043 SGD. The buyers” bullish objective is set at 1.5052 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.5065 SGD. If there is any crossing, the next objective would be the resistance located at 1.5073 SGD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.6
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 1.5049 SGD. The price registered an increase of +0.09% on the session and was between 1.5030 SGD and 1.5056 SGD. This implies that the price is at +0.13% from its lowest and at -0.05% from its highest.1.5030
1.5056
1.5049
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
Technical
Technical analysis of EUR/SGD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.4996 | 1.5021 | 1.5043 | 1.5049 | 1.5052 | 1.5065 | 1.5073 |
| Change (%) | -0.35% | -0.19% | -0.04% | - | +0.02% | +0.11% | +0.16% |
| Change | -0.0053 | -0.0028 | -0.0006 | - | +0.0003 | +0.0016 | +0.0024 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 1.4963 | 1.4979 | 1.5008 | 1.5024 | 1.5053 | 1.5069 | 1.5098 |
| Camarilla | 1.5024 | 1.5028 | 1.5032 | 1.5036 | 1.5040 | 1.5044 | 1.5048 |
| Woodie | 1.4969 | 1.4982 | 1.5014 | 1.5027 | 1.5059 | 1.5072 | 1.5104 |
| Fibonacci | 1.4979 | 1.4997 | 1.5007 | 1.5024 | 1.5042 | 1.5052 | 1.5069 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4934 | 1.4957 | 1.4996 | 1.5019 | 1.5058 | 1.5081 | 1.5120 |
| Camarilla | 1.5019 | 1.5025 | 1.5030 | 1.5036 | 1.5042 | 1.5047 | 1.5053 |
| Woodie | 1.4943 | 1.4961 | 1.5005 | 1.5023 | 1.5067 | 1.5085 | 1.5129 |
| Fibonacci | 1.4957 | 1.4980 | 1.4995 | 1.5019 | 1.5042 | 1.5057 | 1.5081 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4880 | 1.4966 | 1.5073 | 1.5159 | 1.5266 | 1.5352 | 1.5459 |
| Camarilla | 1.5127 | 1.5145 | 1.5162 | 1.5180 | 1.5198 | 1.5215 | 1.5233 |
| Woodie | 1.4891 | 1.4971 | 1.5084 | 1.5164 | 1.5277 | 1.5357 | 1.5470 |
| Fibonacci | 1.4966 | 1.5040 | 1.5085 | 1.5159 | 1.5233 | 1.5278 | 1.5352 |
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): | 55.46 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 7.5140 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.5049 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5053 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.5024 | |
| Zig ZAG (10): | 1.5038 | |
| VORTEX (21): | 1.1186 | |
| Stochastique (14,3,5): | 45.32 | |
| TEMA (21): | 1.5049 | |
| Williams %R (14): | -69.23 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | -0.0767 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0086 | |
| Courbe Coppock: | 0.16 |
| MA7: | 1.5012 | |
| MA20: | 1.5083 | |
| MA50: | 1.5130 | |
| MA100: | 1.5230 | |
| MAexp7: | 1.5045 | |
| MAexp20: | 1.5038 | |
| MAexp50: | 1.5025 | |
| MAexp100: | 1.5019 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -0.54% | |
| Price / MA100: | -1.19% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.20% |
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