USD/SGD - 1H - Technical analysis published on 05/12/2021 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.3314 SGD
My targets
1.3368 SGD (+0.0030)
1.3392 SGD (+0.0054)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/SGD as long as the price remains well above 1.3314 SGD. The buyers' bullish objective is set at 1.3368 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3392 SGD. If there is any crossing, the next objective would be the resistance located at 1.3465 SGD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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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 1.3338 SGD. The price has increased by +0.57% since the last closing and was between 1.3257 SGD and 1.3345 SGD. This implies that the price is at +0.61% from its lowest and at -0.05% from its highest.1.3257
1.3345
1.3338
Here is a more detailed summary of the historical variations registered by USD/SGD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/SGD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong 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, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 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 a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.3246 | 1.3289 | 1.3314 | 1.3338 | 1.3339 | 1.3368 | 1.3392 |
| Change (%) | -0.69% | -0.37% | -0.18% | - | +0.01% | +0.22% | +0.40% |
| Change | -0.0092 | -0.0049 | -0.0024 | - | +0.0001 | +0.0030 | +0.0054 |
| Level | Intermediate | Major | Minor | - | Intermediate | 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 | 1.3209 | 1.3228 | 1.3245 | 1.3264 | 1.3281 | 1.3300 | 1.3317 |
| Camarilla | 1.3253 | 1.3256 | 1.3260 | 1.3263 | 1.3266 | 1.3270 | 1.3273 |
| Woodie | 1.3209 | 1.3228 | 1.3245 | 1.3264 | 1.3281 | 1.3300 | 1.3317 |
| Fibonacci | 1.3228 | 1.3241 | 1.3250 | 1.3264 | 1.3277 | 1.3286 | 1.3300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3037 | 1.3137 | 1.3193 | 1.3293 | 1.3349 | 1.3449 | 1.3505 |
| Camarilla | 1.3207 | 1.3221 | 1.3236 | 1.3250 | 1.3264 | 1.3279 | 1.3293 |
| Woodie | 1.3016 | 1.3126 | 1.3172 | 1.3282 | 1.3328 | 1.3438 | 1.3484 |
| Fibonacci | 1.3137 | 1.3196 | 1.3233 | 1.3293 | 1.3352 | 1.3389 | 1.3449 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2957 | 1.3095 | 1.3203 | 1.3341 | 1.3449 | 1.3587 | 1.3695 |
| Camarilla | 1.3242 | 1.3265 | 1.3288 | 1.3310 | 1.3333 | 1.3355 | 1.3378 |
| Woodie | 1.2941 | 1.3088 | 1.3187 | 1.3334 | 1.3433 | 1.3580 | 1.3679 |
| Fibonacci | 1.3095 | 1.3189 | 1.3247 | 1.3341 | 1.3435 | 1.3493 | 1.3587 |
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): | 77.18 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 23.3071 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.3331 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3317 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 1.3298 | |
| Zig ZAG (10): | 1.3338 | |
| VORTEX (21): | 1.2847 | |
| Stochastique (14,3,5): | 89.64 | |
| TEMA (21): | 1.3344 | |
| Williams %R (14): | -10.29 | |
| Chande Momentum Oscillator (20): | 0.0060 | |
| Repulse (5,40,3): | 0.1018 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0160 | |
| Courbe Coppock: | 0.74 |
| MA7: | 1.3309 | |
| MA20: | 1.3297 | |
| MA50: | 1.3378 | |
| MA100: | 1.3325 | |
| MAexp7: | 1.3330 | |
| MAexp20: | 1.3308 | |
| MAexp50: | 1.3289 | |
| MAexp100: | 1.3288 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.31% | |
| Price / MA50: | -0.30% | |
| Price / MA100: | +0.10% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.38% |
Quotes :
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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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