EUR/SGD - 1H - Technical analysis published on 01/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 1.4981 SGD
My targets
1.4936 SGD (-0.0018)
1.4926 SGD (-0.0028)
My analysis
The bearish basic trend is very strong on EUR/SGD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.4981 SGD. Crossing the first support at 1.4936 SGD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.4926 SGD as an objective. Crossing it would then enable sellers to target 1.4848 SGD. Caution, a return to above the resistance located at 1.4981 SGD would be a sign of a possible consolidation phase of the short-term basic trend. 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
4.3
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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
EUR/SGD rating 1.4954 SGD. The price is lower by -0.07% since the last closing and was traded between 1.4935 SGD and 1.4973 SGD over the period. The price is currently at +0.13% from its lowest and -0.13% from its highest.1.4935
1.4973
1.4954
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
A technical analysis in 1H of this EUR/SGD chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
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.
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 | 1.4926 | 1.4936 | 1.4947 | 1.4954 | 1.4961 | 1.4981 | 1.5005 |
| Change (%) | -0.19% | -0.12% | -0.05% | - | +0.05% | +0.18% | +0.34% |
| Change | -0.0028 | -0.0018 | -0.0007 | - | +0.0007 | +0.0027 | +0.0051 |
| Level | Intermediate | Minor | Minor | - | Major | Major | Major |
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 | 1.4874 | 1.4906 | 1.4935 | 1.4967 | 1.4996 | 1.5028 | 1.5057 |
| Camarilla | 1.4948 | 1.4954 | 1.4959 | 1.4965 | 1.4971 | 1.4976 | 1.4982 |
| Woodie | 1.4874 | 1.4905 | 1.4935 | 1.4966 | 1.4996 | 1.5027 | 1.5057 |
| Fibonacci | 1.4906 | 1.4929 | 1.4943 | 1.4967 | 1.4990 | 1.5004 | 1.5028 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4811 | 1.4874 | 1.4908 | 1.4971 | 1.5005 | 1.5068 | 1.5102 |
| Camarilla | 1.4916 | 1.4925 | 1.4934 | 1.4943 | 1.4952 | 1.4961 | 1.4970 |
| Woodie | 1.4798 | 1.4867 | 1.4895 | 1.4964 | 1.4992 | 1.5061 | 1.5089 |
| Fibonacci | 1.4874 | 1.4911 | 1.4934 | 1.4971 | 1.5008 | 1.5031 | 1.5068 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4840 | 1.4918 | 1.5004 | 1.5082 | 1.5168 | 1.5246 | 1.5332 |
| Camarilla | 1.5045 | 1.5060 | 1.5075 | 1.5090 | 1.5105 | 1.5120 | 1.5135 |
| Woodie | 1.4844 | 1.4920 | 1.5008 | 1.5084 | 1.5172 | 1.5248 | 1.5336 |
| Fibonacci | 1.4918 | 1.4981 | 1.5019 | 1.5082 | 1.5145 | 1.5183 | 1.5246 |
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): | 51.02 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -2.1089 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.4952 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4966 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.4984 | |
| Zig ZAG (10): | 1.4956 | |
| VORTEX (21): | 0.9104 | |
| Stochastique (14,3,5): | 30.92 | |
| TEMA (21): | 1.4947 | |
| Williams %R (14): | -41.67 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | 0.0366 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0031 | |
| Courbe Coppock: | 0.16 |
| MA7: | 1.4974 | |
| MA20: | 1.5027 | |
| MA50: | 1.5050 | |
| MA100: | 1.5097 | |
| MAexp7: | 1.4951 | |
| MAexp20: | 1.4957 | |
| MAexp50: | 1.4960 | |
| MAexp100: | 1.4967 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | -0.64% | |
| Price / MA100: | -0.95% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.09% |
This member declared not having a position on this financial instrument or a related financial instrument.
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