USD/SGD - 1H - Technical analysis published on 08/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 1.3682 SGD
My targets
1.3628 SGD (-0.0036)
1.3468 SGD (-0.0196)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/SGD. As long as you are under the resistance located at 1.3682 SGD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.3628 SGD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.3468 SGD as an objective. Crossing it would then enable sellers to target 1.3317 SGD. If the resistance 1.3682 SGD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.1
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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 1.3664 SGD. The price registered an increase of +0.08% on the session and was between 1.3649 SGD and 1.3669 SGD. This implies that the price is at +0.11% from its lowest and at -0.04% from its highest.1.3649
1.3669
1.3664
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/SGD in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral 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, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.3468 | 1.3628 | 1.3652 | 1.3664 | 1.3682 | 1.3713 | 1.3736 |
| Change (%) | -1.43% | -0.26% | -0.09% | - | +0.13% | +0.36% | +0.53% |
| Change | -0.0196 | -0.0036 | -0.0012 | - | +0.0018 | +0.0049 | +0.0072 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3594 | 1.3623 | 1.3638 | 1.3667 | 1.3682 | 1.3711 | 1.3726 |
| Camarilla | 1.3641 | 1.3645 | 1.3649 | 1.3653 | 1.3657 | 1.3661 | 1.3665 |
| Woodie | 1.3587 | 1.3620 | 1.3631 | 1.3664 | 1.3675 | 1.3708 | 1.3719 |
| Fibonacci | 1.3623 | 1.3640 | 1.3650 | 1.3667 | 1.3684 | 1.3694 | 1.3711 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3543 | 1.3586 | 1.3651 | 1.3694 | 1.3759 | 1.3802 | 1.3867 |
| Camarilla | 1.3687 | 1.3697 | 1.3707 | 1.3717 | 1.3727 | 1.3737 | 1.3747 |
| Woodie | 1.3555 | 1.3592 | 1.3663 | 1.3700 | 1.3771 | 1.3808 | 1.3879 |
| Fibonacci | 1.3586 | 1.3627 | 1.3652 | 1.3694 | 1.3735 | 1.3760 | 1.3802 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3349 | 1.3519 | 1.3632 | 1.3802 | 1.3915 | 1.4085 | 1.4198 |
| Camarilla | 1.3667 | 1.3693 | 1.3719 | 1.3745 | 1.3771 | 1.3797 | 1.3823 |
| Woodie | 1.3321 | 1.3505 | 1.3604 | 1.3788 | 1.3887 | 1.4071 | 1.4170 |
| Fibonacci | 1.3519 | 1.3627 | 1.3694 | 1.3802 | 1.3910 | 1.3977 | 1.4085 |
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): | 49.09 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | 10.8425 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.3656 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3649 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.3675 | |
| Zig ZAG (10): | 1.3668 | |
| VORTEX (21): | 0.9068 | |
| Stochastique (14,3,5): | 62.18 | |
| TEMA (21): | 1.3656 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0622 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0073 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.3684 | |
| MA20: | 1.3704 | |
| MA50: | 1.3816 | |
| MA100: | 1.3968 | |
| MAexp7: | 1.3659 | |
| MAexp20: | 1.3663 | |
| MAexp50: | 1.3673 | |
| MAexp100: | 1.3681 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -0.29% | |
| Price / MA50: | -1.10% | |
| Price / MA100: | -2.18% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.12% |
Quotes :
2020-08-27 07:20:31
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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.
About author
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