USD/SGD

- SGD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDSGD
ISIN:

USD/SGD - Daily - Technical analysis published on 07/21/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 1.3371 SGD

My targets

1.3175 SGD (-0.0093)

1.3054 SGD (-0.0214)

My analysis

The bearish trend is currently very strong for USD/SGD. As long as the price remains below the resistance at 1.3371 SGD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.3175 SGD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.3054 SGD as an objective. Crossing it would then enable sellers to target 1.2847 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.4

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

USD/SGD rating 1.3268 SGD. On the day, this instrument lost -0.01% and was between 1.3263 SGD and 1.3278 SGD. This implies that the price is at +0.04% from its lowest and at -0.08% from its highest.

1.3263

1.3278

1.3268

Here is a more detailed summary of the historical variations registered by USD/SGD:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

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 USD/SGD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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, 4 are neutral and 10 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2847	1.3054	1.3175	1.3268	1.3371	1.3545	1.3855
Change (%)	-3.17%	-1.61%	-0.70%	-	+0.78%	+2.09%	+4.42%
Change	-0.0421	-0.0214	-0.0093	-	+0.0103	+0.0277	+0.0587
Level	Minor	Major	Major	-	Major	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3162	1.3188	1.3228	1.3254	1.3294	1.3320	1.3360
Camarilla	1.3251	1.3257	1.3263	1.3269	1.3275	1.3281	1.3287
Woodie	1.3170	1.3192	1.3236	1.3258	1.3302	1.3324	1.3368
Fibonacci	1.3188	1.3213	1.3229	1.3254	1.3279	1.3295	1.3320

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2765	1.2968	1.3091	1.3294	1.3417	1.3620	1.3743
Camarilla	1.3123	1.3153	1.3183	1.3213	1.3243	1.3273	1.3303
Woodie	1.2724	1.2948	1.3050	1.3274	1.3376	1.3600	1.3702
Fibonacci	1.2968	1.3093	1.3170	1.3294	1.3419	1.3496	1.3620

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3171	1.3262	1.3392	1.3483	1.3613	1.3704	1.3834
Camarilla	1.3462	1.3483	1.3503	1.3523	1.3543	1.3564	1.3584
Woodie	1.3192	1.3272	1.3413	1.3493	1.3634	1.3714	1.3855
Fibonacci	1.3262	1.3346	1.3398	1.3483	1.3567	1.3619	1.3704

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):	36.41
MACD (12,26,9):	-0.0059
Directional Movement:	-19.3141
AROON (14):	-42.8571
DEMA (21):	1.3284
Parabolic SAR (0,02-0,02-0,2):	1.3347
Elder Ray (13):	-0.0045
Super Trend (3,10):	1.3389
Zig ZAG (10):	1.3268
VORTEX (21):	0.8914
Stochastique (14,3,5):	23.02
TEMA (21):	1.3230
Williams %R (14):	-74.94
Chande Momentum Oscillator (20):	-0.0264
Repulse (5,40,3):	0.1719
ROCnROLL:	2
TRIX (15,9):	-0.0408
Courbe Coppock:	3.87

MA7:	1.3239
MA20:	1.3400
MA50:	1.3434
MA100:	1.3390
MAexp7:	1.3273
MAexp20:	1.3350
MAexp50:	1.3392
MAexp100:	1.3415
Price / MA7:	+0.22%
Price / MA20:	-0.99%
Price / MA50:	-1.24%
Price / MA100:	-0.91%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.61%
Price / MAexp50:	-0.93%
Price / MAexp100:	-1.10%

Quotes : - Real time data - Forex

News

The latest news and videos published on USD/SGD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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