USD/SGD - 1H - Technical analysis published on 05/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
39%
6%
56%
My opinion
Bearish under 1.4156 SGD
My targets
1.4110 SGD (-0.0022)
1.4092 SGD (-0.0040)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.4156 SGD remains possible. It is advisable to trade USD/SGD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.4156 SGD. The next bearish objective for sellers is set at 1.4110 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4092 SGD. In case of crossing, the next objective would be the support located at 1.4071 SGD. PS: if there is a bullish break in the resistance located at 1.4156 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
2.1
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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
USD/SGD rating 1.4132 SGD. The price registered a decrease of +0.02% on the session and was traded between 1.4115 SGD and 1.4145 SGD over the period. The price is currently at +0.12% from its lowest and -0.09% from its highest.1.4115
1.4145
1.4132
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/SGD chart shows a bearish trend. 75% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 1.4092 | 1.4110 | 1.4130 | 1.4132 | 1.4156 | 1.4215 | 1.4233 |
| Change (%) | -0.28% | -0.16% | -0.01% | - | +0.17% | +0.59% | +0.71% |
| Change | -0.0040 | -0.0022 | -0.0002 | - | +0.0024 | +0.0083 | +0.0101 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4071 | 1.4090 | 1.4110 | 1.4129 | 1.4149 | 1.4168 | 1.4188 |
| Camarilla | 1.4118 | 1.4122 | 1.4125 | 1.4129 | 1.4133 | 1.4136 | 1.4140 |
| Woodie | 1.4071 | 1.4090 | 1.4110 | 1.4129 | 1.4149 | 1.4168 | 1.4188 |
| Fibonacci | 1.4090 | 1.4105 | 1.4114 | 1.4129 | 1.4144 | 1.4153 | 1.4168 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3959 | 1.4034 | 1.4082 | 1.4157 | 1.4205 | 1.4280 | 1.4328 |
| Camarilla | 1.4095 | 1.4107 | 1.4118 | 1.4129 | 1.4140 | 1.4152 | 1.4163 |
| Woodie | 1.3945 | 1.4027 | 1.4068 | 1.4150 | 1.4191 | 1.4273 | 1.4314 |
| Fibonacci | 1.4034 | 1.4081 | 1.4110 | 1.4157 | 1.4204 | 1.4233 | 1.4280 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3638 | 1.3855 | 1.3984 | 1.4201 | 1.4330 | 1.4547 | 1.4676 |
| Camarilla | 1.4019 | 1.4051 | 1.4082 | 1.4114 | 1.4146 | 1.4177 | 1.4209 |
| Woodie | 1.3595 | 1.3833 | 1.3941 | 1.4179 | 1.4287 | 1.4525 | 1.4633 |
| Fibonacci | 1.3855 | 1.3987 | 1.4069 | 1.4201 | 1.4333 | 1.4415 | 1.4547 |
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): | 47.18 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 7.8467 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.4123 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4142 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.4152 | |
| Zig ZAG (10): | 1.4130 | |
| VORTEX (21): | 0.9826 | |
| Stochastique (14,3,5): | 50.00 | |
| TEMA (21): | 1.4128 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 0.0041 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0043 | |
| Courbe Coppock: | 0.00 |
| MA7: | 1.4158 | |
| MA20: | 1.4192 | |
| MA50: | 1.4200 | |
| MA100: | 1.3938 | |
| MAexp7: | 1.4129 | |
| MAexp20: | 1.4129 | |
| MAexp50: | 1.4140 | |
| MAexp100: | 1.4151 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.42% | |
| Price / MA50: | -0.48% | |
| Price / MA100: | +1.39% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.13% |
News
The latest news and videos published on USD/SGD at the time of the analysis were as follows:
USD/SGD "To Hit 2009 Highs"This member declared not having a position on this financial instrument or a related financial instrument.
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