USD/SGD - 1H - Technical analysis published on 07/27/2020 (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:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.3819 SGD
My targets
1.3682 SGD (-0.0101)
1.3623 SGD (-0.0160)
My analysis
The bearish trend is currently very strong for USD/SGD. As long as the price remains below the resistance at 1.3819 SGD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.3682 SGD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.3623 SGD as an objective. Crossing it would then enable sellers to target 1.3468 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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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 1.3783 SGD. The price registered a decrease of -0.30% on the session and was traded between 1.3783 SGD and 1.3839 SGD over the period. The price is currently at 0% from its lowest and -0.40% from its highest.1.3783
1.3839
1.3783
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/SGD in 1H shows a overall strongly bearish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3076 | 1.3468 | 1.3682 | 1.3783 | 1.3819 | 1.3838 | 1.3873 |
| Change (%) | -5.13% | -2.29% | -0.73% | - | +0.26% | +0.40% | +0.65% |
| Change | -0.0707 | -0.0315 | -0.0101 | - | +0.0036 | +0.0055 | +0.0090 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3760 | 1.3791 | 1.3808 | 1.3839 | 1.3856 | 1.3887 | 1.3904 |
| Camarilla | 1.3812 | 1.3816 | 1.3821 | 1.3825 | 1.3829 | 1.3834 | 1.3838 |
| Woodie | 1.3753 | 1.3788 | 1.3801 | 1.3836 | 1.3849 | 1.3884 | 1.3897 |
| Fibonacci | 1.3791 | 1.3809 | 1.3821 | 1.3839 | 1.3857 | 1.3869 | 1.3887 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3690 | 1.3754 | 1.3790 | 1.3854 | 1.3890 | 1.3954 | 1.3990 |
| Camarilla | 1.3798 | 1.3807 | 1.3816 | 1.3825 | 1.3834 | 1.3843 | 1.3853 |
| Woodie | 1.3675 | 1.3747 | 1.3775 | 1.3847 | 1.3875 | 1.3947 | 1.3975 |
| Fibonacci | 1.3754 | 1.3793 | 1.3816 | 1.3854 | 1.3893 | 1.3916 | 1.3954 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3443 | 1.3623 | 1.3781 | 1.3961 | 1.4119 | 1.4299 | 1.4457 |
| Camarilla | 1.3845 | 1.3876 | 1.3907 | 1.3938 | 1.3969 | 1.4000 | 1.4031 |
| Woodie | 1.3431 | 1.3618 | 1.3769 | 1.3956 | 1.4107 | 1.4294 | 1.4445 |
| Fibonacci | 1.3623 | 1.3752 | 1.3832 | 1.3961 | 1.4090 | 1.4170 | 1.4299 |
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): | 32.52 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -7.3641 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.3788 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3812 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.3821 | |
| Zig ZAG (10): | 1.3787 | |
| VORTEX (21): | 0.8117 | |
| Stochastique (14,3,5): | 8.61 | |
| TEMA (21): | 1.3784 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.0653 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0131 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.3850 | |
| MA20: | 1.3898 | |
| MA50: | 1.3966 | |
| MA100: | 1.4102 | |
| MAexp7: | 1.3792 | |
| MAexp20: | 1.3804 | |
| MAexp50: | 1.3823 | |
| MAexp100: | 1.3840 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | -1.31% | |
| Price / MA100: | -2.26% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.41% |
Quotes :
2020-07-27 14:36:23
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Real time data
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Forex
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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