CHF/SGD - Daily - Technical analysis published on 11/14/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 1.5255 SGD
My targets
1.4949 SGD (-0.0131)
1.4472 SGD (-0.0608)
My analysis
CHF/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 1.5255 SGD. The next support located at 1.4949 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 1.4472 SGD. Below this support, sellers could then target 1.4253 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/SGD rating is 1.5080 SGD. The price registered an increase of +0.02% on the session with the lowest point at 1.5069 SGD and the highest point at 1.5107 SGD. The deviation from the price is +0.07% for the low point and -0.18% for the high point.1.5069
1.5107
1.5080
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
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CHF/SGD chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 5 are bullish, 7 are neutral and 6 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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:
Near support of channel
Type : Bullish
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 | 1.4253 | 1.4472 | 1.4949 | 1.5080 | 1.5105 | 1.5255 | 1.5523 |
| Change (%) | -5.48% | -4.03% | -0.87% | - | +0.17% | +1.16% | +2.94% |
| Change | -0.0827 | -0.0608 | -0.0131 | - | +0.0025 | +0.0175 | +0.0443 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Major |
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 | 1.4987 | 1.5010 | 1.5044 | 1.5067 | 1.5101 | 1.5124 | 1.5158 |
| Camarilla | 1.5061 | 1.5067 | 1.5072 | 1.5077 | 1.5082 | 1.5088 | 1.5093 |
| Woodie | 1.4992 | 1.5013 | 1.5049 | 1.5070 | 1.5106 | 1.5127 | 1.5163 |
| Fibonacci | 1.5010 | 1.5032 | 1.5046 | 1.5067 | 1.5089 | 1.5103 | 1.5124 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4944 | 1.4980 | 1.5030 | 1.5066 | 1.5116 | 1.5152 | 1.5202 |
| Camarilla | 1.5056 | 1.5064 | 1.5072 | 1.5080 | 1.5088 | 1.5096 | 1.5104 |
| Woodie | 1.4951 | 1.4984 | 1.5037 | 1.5070 | 1.5123 | 1.5156 | 1.5209 |
| Fibonacci | 1.4980 | 1.5013 | 1.5033 | 1.5066 | 1.5099 | 1.5119 | 1.5152 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4271 | 1.4573 | 1.4812 | 1.5114 | 1.5353 | 1.5655 | 1.5894 |
| Camarilla | 1.4902 | 1.4952 | 1.5001 | 1.5051 | 1.5101 | 1.5150 | 1.5200 |
| Woodie | 1.4240 | 1.4557 | 1.4781 | 1.5098 | 1.5322 | 1.5639 | 1.5863 |
| Fibonacci | 1.4573 | 1.4780 | 1.4907 | 1.5114 | 1.5321 | 1.5448 | 1.5655 |
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): | 45.41 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -4.1650 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.5083 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5138 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 1.5284 | |
| Zig ZAG (10): | 1.5081 | |
| VORTEX (21): | 0.9396 | |
| Stochastique (14,3,5): | 20.20 | |
| TEMA (21): | 1.5068 | |
| Williams %R (14): | -77.74 | |
| Chande Momentum Oscillator (20): | -0.0096 | |
| Repulse (5,40,3): | 0.0784 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0134 | |
| Courbe Coppock: | 2.73 |
| MA7: | 1.5066 | |
| MA20: | 1.5166 | |
| MA50: | 1.5131 | |
| MA100: | 1.5222 | |
| MAexp7: | 1.5080 | |
| MAexp20: | 1.5113 | |
| MAexp50: | 1.5146 | |
| MAexp100: | 1.5127 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -0.34% | |
| Price / MA100: | -0.93% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -0.31% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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