USD/SGD - 1H - Technical analysis published on 12/17/2020 (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%
56%
28%
My opinion
Bearish under 1.3286 SGD
My targets
1.3149 SGD (-0.0105)
1.3074 SGD (-0.0180)
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 1.3286 SGD. The next support located at 1.3149 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 1.3074 SGD. Below this support, sellers could then target 1.2006 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.
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
7.3
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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 rating is 1.3254 SGD. On the day, this instrument lost -0.28% and was between 1.3249 SGD and 1.3293 SGD. This implies that the price is at +0.04% from its lowest and at -0.29% from its highest.1.3249
1.3293
1.3254
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
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 market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
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
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 these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.2006 | 1.3074 | 1.3254 | 1.3286 | 1.3317 | 1.3337 |
| Change (%) | -9.42% | -1.36% | - | +0.24% | +0.48% | +0.63% |
| Change | -0.1248 | -0.0180 | - | +0.0032 | +0.0063 | +0.0083 |
| Level | Minor | Major | - | Intermediate | Major | Intermediate |
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 | 1.3221 | 1.3254 | 1.3272 | 1.3305 | 1.3323 | 1.3356 | 1.3374 |
| Camarilla | 1.3277 | 1.3282 | 1.3286 | 1.3291 | 1.3296 | 1.3300 | 1.3305 |
| Woodie | 1.3215 | 1.3250 | 1.3266 | 1.3301 | 1.3317 | 1.3352 | 1.3368 |
| Fibonacci | 1.3254 | 1.3273 | 1.3285 | 1.3305 | 1.3324 | 1.3336 | 1.3356 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3261 | 1.3295 | 1.3333 | 1.3367 | 1.3405 | 1.3439 | 1.3477 |
| Camarilla | 1.3352 | 1.3359 | 1.3365 | 1.3372 | 1.3379 | 1.3385 | 1.3392 |
| Woodie | 1.3264 | 1.3296 | 1.3336 | 1.3368 | 1.3408 | 1.3440 | 1.3480 |
| Fibonacci | 1.3295 | 1.3322 | 1.3339 | 1.3367 | 1.3394 | 1.3411 | 1.3439 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2928 | 1.3149 | 1.3273 | 1.3494 | 1.3618 | 1.3839 | 1.3963 |
| Camarilla | 1.3303 | 1.3335 | 1.3366 | 1.3398 | 1.3430 | 1.3461 | 1.3493 |
| Woodie | 1.2881 | 1.3125 | 1.3226 | 1.3470 | 1.3571 | 1.3815 | 1.3916 |
| Fibonacci | 1.3149 | 1.3281 | 1.3362 | 1.3494 | 1.3626 | 1.3707 | 1.3839 |
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): | 22.24 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -21.5458 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.3264 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3291 | |
| Elder Ray (13): | -0.0023 | |
| Super Trend (3,10): | 1.3276 | |
| Zig ZAG (10): | 1.3252 | |
| VORTEX (21): | 0.7842 | |
| Stochastique (14,3,5): | 3.47 | |
| TEMA (21): | 1.3261 | |
| Williams %R (14): | -92.86 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | -0.1418 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0109 | |
| Courbe Coppock: | 0.34 |
| MA7: | 1.3331 | |
| MA20: | 1.3368 | |
| MA50: | 1.3477 | |
| MA100: | 1.3573 | |
| MAexp7: | 1.3271 | |
| MAexp20: | 1.3281 | |
| MAexp50: | 1.3302 | |
| MAexp100: | 1.3321 | |
| Price / MA7: | -0.58% | |
| Price / MA20: | -0.85% | |
| Price / MA50: | -1.65% | |
| Price / MA100: | -2.35% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.50% |
Quotes :
2020-12-17 08:18:54
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Real time data
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Forex
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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