USD/SGD - Daily - Technical analysis published on 08/30/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.3508 SGD
My targets
1.3367 SGD (-0.0091)
1.3311 SGD (-0.0147)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for USD/SGD as long as the price remains well below 1.3508 SGD. The sellers' bearish objective is set at 1.3367 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3311 SGD. If there is any crossing, the next objective would be the support located at 1.3203 SGD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.2
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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 1.3458 SGD. The price is lower by -0.04% since the last closing with the lowest point at 1.3450 SGD and the highest point at 1.3478 SGD. The deviation from the price is +0.06% for the low point and -0.15% for the high point.1.3450
1.3478
1.3458
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/SGD in Daily shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
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 | 1.3203 | 1.3311 | 1.3367 | 1.3458 | 1.3469 | 1.3508 | 1.3551 |
| Change (%) | -1.89% | -1.09% | -0.68% | - | +0.08% | +0.37% | +0.69% |
| Change | -0.0255 | -0.0147 | -0.0091 | - | +0.0011 | +0.0050 | +0.0093 |
| Level | Intermediate | Minor | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3321 | 1.3386 | 1.3425 | 1.3490 | 1.3529 | 1.3594 | 1.3633 |
| Camarilla | 1.3434 | 1.3444 | 1.3454 | 1.3463 | 1.3473 | 1.3482 | 1.3492 |
| Woodie | 1.3307 | 1.3380 | 1.3411 | 1.3484 | 1.3515 | 1.3588 | 1.3619 |
| Fibonacci | 1.3386 | 1.3426 | 1.3451 | 1.3490 | 1.3530 | 1.3555 | 1.3594 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3225 | 1.3338 | 1.3401 | 1.3514 | 1.3577 | 1.3690 | 1.3753 |
| Camarilla | 1.3415 | 1.3431 | 1.3447 | 1.3463 | 1.3479 | 1.3495 | 1.3511 |
| Woodie | 1.3199 | 1.3326 | 1.3375 | 1.3502 | 1.3551 | 1.3678 | 1.3727 |
| Fibonacci | 1.3338 | 1.3406 | 1.3447 | 1.3514 | 1.3582 | 1.3623 | 1.3690 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3146 | 1.3286 | 1.3415 | 1.3555 | 1.3684 | 1.3824 | 1.3953 |
| Camarilla | 1.3471 | 1.3496 | 1.3520 | 1.3545 | 1.3570 | 1.3594 | 1.3619 |
| Woodie | 1.3142 | 1.3283 | 1.3411 | 1.3552 | 1.3680 | 1.3821 | 1.3949 |
| Fibonacci | 1.3286 | 1.3388 | 1.3452 | 1.3555 | 1.3657 | 1.3721 | 1.3824 |
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): | 37.56 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -11.0858 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.3546 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3626 | |
| Elder Ray (13): | -0.0076 | |
| Super Trend (3,10): | 1.3610 | |
| Zig ZAG (10): | 1.3459 | |
| VORTEX (21): | 0.9305 | |
| Stochastique (14,3,5): | 8.04 | |
| TEMA (21): | 1.3513 | |
| Williams %R (14): | -96.12 | |
| Chande Momentum Oscillator (20): | -0.0119 | |
| Repulse (5,40,3): | -0.6784 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0104 | |
| Courbe Coppock: | 0.35 |
| MA7: | 1.3532 | |
| MA20: | 1.3556 | |
| MA50: | 1.3537 | |
| MA100: | 1.3417 | |
| MAexp7: | 1.3517 | |
| MAexp20: | 1.3546 | |
| MAexp50: | 1.3517 | |
| MAexp100: | 1.3466 | |
| Price / MA7: | -0.55% | |
| Price / MA20: | -0.72% | |
| Price / MA50: | -0.58% | |
| Price / MA100: | +0.31% | |
| Price / MAexp7: | -0.44% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -0.06% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on USD/SGD. At the time of publication of this analysis, the latest news 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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