GBP/SGD - 1H - Technical analysis published on 11/22/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.7526 SGD
My targets
1.7482 SGD (-0.14%)
1.7441 SGD (-0.38%)
My analysis
The bearish trend is currently very strong for GBP/SGD. As long as the price remains below the resistance at 1.7526 SGD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.7482 SGD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.7441 SGD as an objective. Crossing it would then enable sellers to target 1.7415 SGD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
7
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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
GBP/SGD rating 1.7507 SGD. The price is lower by -0.57% since the last closing and was between 1.7500 SGD and 1.7617 SGD. This implies that the price is at +0.04% from its lowest and at -0.62% from its highest.1.7500
1.7617
1.7507
Here is a more detailed summary of the historical variations registered by GBP/SGD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/SGD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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 on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7415 | 1.7441 | 1.7482 | 1.7507 | 1.7526 | 1.7551 | 1.7606 |
| Change (%) | -0.53% | -0.38% | -0.14% | - | +0.11% | +0.25% | +0.57% |
| Change | -0.0092 | -0.0066 | -0.0025 | - | +0.0019 | +0.0044 | +0.0099 |
| Level | Minor | Minor | Minor | - | Major | 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 | 1.7488 | 1.7532 | 1.7569 | 1.7613 | 1.7650 | 1.7694 | 1.7731 |
| Camarilla | 1.7585 | 1.7592 | 1.7600 | 1.7607 | 1.7614 | 1.7622 | 1.7629 |
| Woodie | 1.7486 | 1.7530 | 1.7567 | 1.7611 | 1.7648 | 1.7692 | 1.7729 |
| Fibonacci | 1.7532 | 1.7563 | 1.7582 | 1.7613 | 1.7644 | 1.7663 | 1.7694 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7244 | 1.7317 | 1.7436 | 1.7509 | 1.7628 | 1.7701 | 1.7820 |
| Camarilla | 1.7503 | 1.7521 | 1.7538 | 1.7556 | 1.7574 | 1.7591 | 1.7609 |
| Woodie | 1.7268 | 1.7329 | 1.7460 | 1.7521 | 1.7652 | 1.7713 | 1.7844 |
| Fibonacci | 1.7317 | 1.7390 | 1.7435 | 1.7509 | 1.7582 | 1.7627 | 1.7701 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6158 | 1.6490 | 1.7048 | 1.7380 | 1.7938 | 1.8270 | 1.8828 |
| Camarilla | 1.7360 | 1.7442 | 1.7523 | 1.7605 | 1.7687 | 1.7768 | 1.7850 |
| Woodie | 1.6270 | 1.6547 | 1.7160 | 1.7437 | 1.8050 | 1.8327 | 1.8940 |
| Fibonacci | 1.6490 | 1.6830 | 1.7040 | 1.7380 | 1.7720 | 1.7930 | 1.8270 |
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): | 29.00 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -23.5982 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 1.7542 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7577 | |
| Elder Ray (13): | -0.0037 | |
| Super Trend (3,10): | 1.7582 | |
| Zig ZAG (10): | 1.7519 | |
| VORTEX (21): | 0.8184 | |
| Stochastique (14,3,5): | 5.27 | |
| TEMA (21): | 1.7522 | |
| Williams %R (14): | -97.35 | |
| Chande Momentum Oscillator (20): | -0.0094 | |
| Repulse (5,40,3): | -0.1836 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0124 | |
| Courbe Coppock: | 0.80 |
| MA7: | 1.7577 | |
| MA20: | 1.7529 | |
| MA50: | 1.7350 | |
| MA100: | 1.7126 | |
| MAexp7: | 1.7527 | |
| MAexp20: | 1.7566 | |
| MAexp50: | 1.7585 | |
| MAexp100: | 1.7584 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | +0.90% | |
| Price / MA100: | +2.22% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -0.45% |
This member declared not having a position on this financial instrument or a related financial instrument.
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