USD/SGD - 1H - Technical analysis published on 03/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 1.3914 SGD
My targets
1.3853 SGD (-0.0042)
1.3778 SGD (-0.0117)
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 1.3914 SGD. The sellers” bearish objective is set at 1.3853 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3778 SGD. In case of crossing, the next objective would be the support located at 1.3682 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.3
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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 1.3895 SGD. The price registered a decrease of -0.27% on the session with the lowest point at 1.3880 SGD and the highest point at 1.3962 SGD. The deviation from the price is +0.11% for the low point and -0.48% for the high point.1.3880
1.3962
1.3895
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.3467 | 1.3531 | 1.3682 | 1.3895 | 1.3914 | 1.3938 | 1.3992 |
| Change (%) | -3.08% | -2.62% | -1.53% | - | +0.14% | +0.31% | +0.70% |
| Change | -0.0428 | -0.0364 | -0.0213 | - | +0.0019 | +0.0043 | +0.0097 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3847 | 1.3888 | 1.3910 | 1.3951 | 1.3973 | 1.4014 | 1.4036 |
| Camarilla | 1.3916 | 1.3921 | 1.3927 | 1.3933 | 1.3939 | 1.3945 | 1.3950 |
| Woodie | 1.3839 | 1.3883 | 1.3902 | 1.3946 | 1.3965 | 1.4009 | 1.4028 |
| Fibonacci | 1.3888 | 1.3912 | 1.3927 | 1.3951 | 1.3975 | 1.3990 | 1.4014 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3778 | 1.3853 | 1.3893 | 1.3968 | 1.4008 | 1.4083 | 1.4123 |
| Camarilla | 1.3901 | 1.3912 | 1.3923 | 1.3933 | 1.3944 | 1.3954 | 1.3965 |
| Woodie | 1.3761 | 1.3844 | 1.3876 | 1.3959 | 1.3991 | 1.4074 | 1.4106 |
| Fibonacci | 1.3853 | 1.3897 | 1.3924 | 1.3968 | 1.4012 | 1.4039 | 1.4083 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3243 | 1.3444 | 1.3688 | 1.3889 | 1.4133 | 1.4334 | 1.4578 |
| Camarilla | 1.3811 | 1.3851 | 1.3892 | 1.3933 | 1.3974 | 1.4015 | 1.4055 |
| Woodie | 1.3266 | 1.3455 | 1.3711 | 1.3900 | 1.4156 | 1.4345 | 1.4601 |
| Fibonacci | 1.3444 | 1.3614 | 1.3719 | 1.3889 | 1.4059 | 1.4164 | 1.4334 |
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): | 41.19 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -7.7547 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.3888 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3904 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.3927 | |
| Zig ZAG (10): | 1.3897 | |
| VORTEX (21): | 0.8571 | |
| Stochastique (14,3,5): | 37.48 | |
| TEMA (21): | 1.3885 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | 0.0467 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0145 | |
| Courbe Coppock: | 0.32 |
| MA7: | 1.3957 | |
| MA20: | 1.3911 | |
| MA50: | 1.3676 | |
| MA100: | 1.3644 | |
| MAexp7: | 1.3894 | |
| MAexp20: | 1.3905 | |
| MAexp50: | 1.3926 | |
| MAexp100: | 1.3944 | |
| Price / MA7: | -0.44% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | +1.60% | |
| Price / MA100: | +1.84% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.35% |
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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