USD/SGD
USD SGD
1.3598 SGD (+0.18%)
Real time data - Forex
Open: 1.3573
Change: +0.0025
Volume: 73,659
Low: 1.3555
High: 1.3600
High / Low range: 0.0045
Type: Forex
Ticker: USDSGD
ISIN:

USD/SGD - 1H - Technical analysis published on 09/16/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-09-16 15:42:46
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.3632 SGD
My targets
1.3468 SGD (-0.0103)
1.3317 SGD (-0.0254)
My analysis
USD/SGD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.3632 SGD. The next support located at 1.3468 SGD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.3317 SGD. Below this support, sellers could then target 1.3076 SGD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this analysis. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The USD/SGD price is 1.3571 SGD. On the day, this instrument lost -0.32% and was traded between 1.3566 SGD and 1.3622 SGD over the period. The price is currently at +0.04% from its lowest and -0.37% from its highest.

1.3566
1.3622
1.3571

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 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 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:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3076 1.3317 1.3468 1.3571 1.3581 1.3632 1.3660
Change (%) -3.65% -1.87% -0.76% - +0.07% +0.45% +0.66%
Change -0.0495 -0.0254 -0.0103 - +0.0010 +0.0061 +0.0089
Level Minor Minor Major - Major Intermediate Minor



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
Standard1.35251.35571.35861.36181.36471.36791.3708
Camarilla1.35971.36031.36081.36141.36201.36251.3631
Woodie1.35231.35561.35841.36171.36451.36781.3706
Fibonacci1.35571.35811.35951.36181.36421.36561.3679


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35471.35901.36351.36781.37231.37661.3811
Camarilla1.36571.36651.36731.36811.36891.36971.3705
Woodie1.35491.35911.36371.36791.37251.37671.3813
Fibonacci1.35901.36231.36441.36781.37111.37321.3766


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.33141.34451.35251.36561.37361.38671.3947
Camarilla1.35471.35661.35861.36051.36241.36441.3663
Woodie1.32891.34321.35001.36431.37111.38541.3922
Fibonacci1.34451.35261.35751.36561.37371.37861.3867

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): 25.64
MACD (12,26,9): -0.0012
Directional Movement: -5.2557
AROON (14): -100.0000
DEMA (21): 1.3572
Parabolic SAR (0,02-0,02-0,2): 1.3593
Elder Ray (13): -0.0011
Super Trend (3,10): 1.3601
Zig ZAG (10): 1.3570
VORTEX (21): 0.8134
Stochastique (14,3,5): 7.04
TEMA (21): 1.3569
Williams %R (14): -95.24
Chande Momentum Oscillator (20): -0.0032
Repulse (5,40,3): -0.1458
ROCnROLL: 2
TRIX (15,9): -0.0110
Courbe Coppock: 0.51
MA7: 1.3657
MA20: 1.3653
MA50: 1.3734
MA100: 1.3889
MAexp7: 1.3580
MAexp20: 1.3587
MAexp50: 1.3608
MAexp100: 1.3628
Price / MA7: -0.63%
Price / MA20: -0.60%
Price / MA50: -1.19%
Price / MA100: -2.29%
Price / MAexp7: -0.07%
Price / MAexp20: -0.12%
Price / MAexp50: -0.27%
Price / MAexp100: -0.42%

Quotes : 2020-09-16 15:42:43 - Real time data - Forex

News


The latest news and videos published on USD/SGD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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