USD/SGD - 1H - Technical analysis published on 11/06/2020 (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
28%
39%
33%
My opinion
Bearish under 1.3490 SGD
My targets
1.3408 SGD (-0.0065)
1.3317 SGD (-0.0156)
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 1.3490 SGD. The sellers” bearish objective is set at 1.3408 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3317 SGD. In case of crossing, the next objective would be the support located at 1.3076 SGD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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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 1.3473 SGD. The price is lower by -0.28% since the last closing and was between 1.3468 SGD and 1.3527 SGD. This implies that the price is at +0.04% from its lowest and at -0.40% from its highest.1.3468
1.3527
1.3473
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/SGD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
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 | 1.3076 | 1.3317 | 1.3468 | 1.3473 | 1.3490 | 1.3577 | 1.3629 |
| Change (%) | -2.95% | -1.16% | -0.04% | - | +0.13% | +0.77% | +1.16% |
| Change | -0.0397 | -0.0156 | -0.0005 | - | +0.0017 | +0.0104 | +0.0156 |
| Level | Minor | Minor | Major | - | Intermediate | 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 | 1.3352 | 1.3421 | 1.3466 | 1.3535 | 1.3580 | 1.3649 | 1.3694 |
| Camarilla | 1.3480 | 1.3490 | 1.3501 | 1.3511 | 1.3522 | 1.3532 | 1.3542 |
| Woodie | 1.3340 | 1.3415 | 1.3454 | 1.3529 | 1.3568 | 1.3643 | 1.3682 |
| Fibonacci | 1.3421 | 1.3465 | 1.3492 | 1.3535 | 1.3579 | 1.3606 | 1.3649 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3485 | 1.3529 | 1.3596 | 1.3640 | 1.3707 | 1.3751 | 1.3818 |
| Camarilla | 1.3633 | 1.3643 | 1.3653 | 1.3663 | 1.3673 | 1.3683 | 1.3694 |
| Woodie | 1.3497 | 1.3535 | 1.3608 | 1.3646 | 1.3719 | 1.3757 | 1.3830 |
| Fibonacci | 1.3529 | 1.3571 | 1.3598 | 1.3640 | 1.3682 | 1.3709 | 1.3751 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3408 | 1.3468 | 1.3565 | 1.3625 | 1.3722 | 1.3782 | 1.3879 |
| Camarilla | 1.3620 | 1.3634 | 1.3649 | 1.3663 | 1.3677 | 1.3692 | 1.3706 |
| Woodie | 1.3428 | 1.3477 | 1.3585 | 1.3634 | 1.3742 | 1.3791 | 1.3899 |
| Fibonacci | 1.3468 | 1.3528 | 1.3565 | 1.3625 | 1.3685 | 1.3722 | 1.3782 |
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): | 37.19 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | 2.2024 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 1.3467 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3469 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 1.3514 | |
| Zig ZAG (10): | 1.3472 | |
| VORTEX (21): | 0.9286 | |
| Stochastique (14,3,5): | 12.08 | |
| TEMA (21): | 1.3469 | |
| Williams %R (14): | -93.02 | |
| Chande Momentum Oscillator (20): | -0.0029 | |
| Repulse (5,40,3): | -0.0654 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0183 | |
| Courbe Coppock: | 0.43 |
| MA7: | 1.3588 | |
| MA20: | 1.3589 | |
| MA50: | 1.3623 | |
| MA100: | 1.3716 | |
| MAexp7: | 1.3478 | |
| MAexp20: | 1.3489 | |
| MAexp50: | 1.3523 | |
| MAexp100: | 1.3559 | |
| Price / MA7: | -0.85% | |
| Price / MA20: | -0.85% | |
| Price / MA50: | -1.10% | |
| Price / MA100: | -1.77% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -0.63% |
Quotes :
2020-11-06 17:56:30
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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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