USD/SGD - 1H - Technical analysis published on 03/22/2021 (GMT)
- 239
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1.3418 SGD
My targets
1.3371 SGD (-0.0030)
1.3309 SGD (-0.0092)
My analysis
The bearish trend is currently very strong for USD/SGD. As long as the price remains below the resistance at 1.3418 SGD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.3371 SGD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.3309 SGD as an objective. Crossing it would then enable sellers to target 1.3181 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever 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 content. 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.
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 1.3401 SGD. The price is lower by -0.14% since the last closing and was traded between 1.3399 SGD and 1.3449 SGD over the period. The price is currently at +0.01% from its lowest and -0.36% from its highest.1.3399
1.3449
1.3401
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 (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/SGD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3309 | 1.3371 | 1.3390 | 1.3401 | 1.3405 | 1.3418 | 1.3438 |
| Change (%) | -0.69% | -0.22% | -0.08% | - | +0.03% | +0.13% | +0.28% |
| Change | -0.0092 | -0.0030 | -0.0011 | - | +0.0004 | +0.0017 | +0.0037 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3335 | 1.3370 | 1.3395 | 1.3430 | 1.3455 | 1.3490 | 1.3515 |
| Camarilla | 1.3404 | 1.3409 | 1.3415 | 1.3420 | 1.3426 | 1.3431 | 1.3437 |
| Woodie | 1.3330 | 1.3368 | 1.3390 | 1.3428 | 1.3450 | 1.3488 | 1.3510 |
| Fibonacci | 1.3370 | 1.3393 | 1.3407 | 1.3430 | 1.3453 | 1.3467 | 1.3490 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3285 | 1.3337 | 1.3379 | 1.3431 | 1.3473 | 1.3525 | 1.3567 |
| Camarilla | 1.3394 | 1.3403 | 1.3411 | 1.3420 | 1.3429 | 1.3437 | 1.3446 |
| Woodie | 1.3279 | 1.3335 | 1.3373 | 1.3429 | 1.3467 | 1.3523 | 1.3561 |
| Fibonacci | 1.3337 | 1.3373 | 1.3395 | 1.3431 | 1.3467 | 1.3489 | 1.3525 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2978 | 1.3071 | 1.3203 | 1.3296 | 1.3428 | 1.3521 | 1.3653 |
| Camarilla | 1.3272 | 1.3293 | 1.3313 | 1.3334 | 1.3355 | 1.3375 | 1.3396 |
| Woodie | 1.2997 | 1.3081 | 1.3222 | 1.3306 | 1.3447 | 1.3531 | 1.3672 |
| Fibonacci | 1.3071 | 1.3157 | 1.3210 | 1.3296 | 1.3382 | 1.3435 | 1.3521 |
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): | 43.87 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -2.1282 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.3414 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3427 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.3445 | |
| Zig ZAG (10): | 1.3406 | |
| VORTEX (21): | 0.9266 | |
| Stochastique (14,3,5): | 21.09 | |
| TEMA (21): | 1.3409 | |
| Williams %R (14): | -87.76 | |
| Chande Momentum Oscillator (20): | -0.0027 | |
| Repulse (5,40,3): | -0.0743 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0036 | |
| Courbe Coppock: | 0.34 |
| MA7: | 1.3431 | |
| MA20: | 1.3376 | |
| MA50: | 1.3317 | |
| MA100: | 1.3348 | |
| MAexp7: | 1.3410 | |
| MAexp20: | 1.3420 | |
| MAexp50: | 1.3426 | |
| MAexp100: | 1.3432 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | +0.63% | |
| Price / MA100: | +0.40% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.23% |
Quotes :
2021-03-22 15:27:27
-
Real time data
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis USD/SGD - 1H