USD/SGD - 1H - Technical analysis published on 05/26/2020 (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:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.4223 SGD
My targets
1.4138 SGD (-0.0039)
1.4119 SGD (-0.0058)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/SGD as long as the price remains well below 1.4223 SGD. The sellers” bearish objective is set at 1.4138 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4119 SGD. In case of crossing, the next objective would be the support located at 1.3873 SGD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
5.4
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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
The USD/SGD price is 1.4177 SGD. The price has increased by -0.45% since the last closing and was between 1.4175 SGD and 1.4246 SGD. This implies that the price is at +0.01% from its lowest and at -0.48% from its highest.1.4175
1.4246
1.4177
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
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/SGD chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bearish. 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
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4119 | 1.4138 | 1.4163 | 1.4177 | 1.4182 | 1.4223 | 1.4239 |
| Change (%) | -0.41% | -0.28% | -0.10% | - | +0.04% | +0.32% | +0.44% |
| Change | -0.0058 | -0.0039 | -0.0014 | - | +0.0005 | +0.0046 | +0.0062 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Intermediate |
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 | 1.4192 | 1.4213 | 1.4227 | 1.4248 | 1.4262 | 1.4283 | 1.4297 |
| Camarilla | 1.4231 | 1.4235 | 1.4238 | 1.4241 | 1.4244 | 1.4247 | 1.4251 |
| Woodie | 1.4189 | 1.4211 | 1.4224 | 1.4246 | 1.4259 | 1.4281 | 1.4294 |
| Fibonacci | 1.4213 | 1.4226 | 1.4235 | 1.4248 | 1.4261 | 1.4270 | 1.4283 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3996 | 1.4059 | 1.4154 | 1.4217 | 1.4312 | 1.4375 | 1.4470 |
| Camarilla | 1.4207 | 1.4221 | 1.4236 | 1.4250 | 1.4265 | 1.4279 | 1.4294 |
| Woodie | 1.4013 | 1.4067 | 1.4171 | 1.4225 | 1.4329 | 1.4383 | 1.4487 |
| Fibonacci | 1.4059 | 1.4119 | 1.4156 | 1.4217 | 1.4277 | 1.4314 | 1.4375 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 29.91 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -16.2957 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.4201 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4217 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 1.4232 | |
| Zig ZAG (10): | 1.4190 | |
| VORTEX (21): | 0.8007 | |
| Stochastique (14,3,5): | 8.57 | |
| TEMA (21): | 1.4188 | |
| Williams %R (14): | -91.43 | |
| Chande Momentum Oscillator (20): | -0.0053 | |
| Repulse (5,40,3): | -0.1248 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0102 | |
| Courbe Coppock: | 0.62 |
| MA7: | 1.4192 | |
| MA20: | 1.4180 | |
| MA50: | 1.4248 | |
| MA100: | 1.4016 | |
| MAexp7: | 1.4198 | |
| MAexp20: | 1.4217 | |
| MAexp50: | 1.4224 | |
| MAexp100: | 1.4216 | |
| Price / MA7: | -0.11% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | +1.15% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -0.27% |
News
The last news published on USD/SGD at the time of the generation of this analysis was 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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