USD/SGD - Daily - Technical analysis published on 10/26/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1.3548 SGD
My targets
1.3855 SGD (+0.0128)
1.4077 SGD (+0.0350)
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 1.3548 SGD. The buyers' bullish objective is set at 1.3855 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4077 SGD. If there is any crossing, the next objective would be the resistance located at 1.4401 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
7.9
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This analysis was given by eugenchua. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/SGD rating 1.3727 SGD. On the day, this instrument gained +0.03% and was traded between 1.3715 SGD and 1.3734 SGD over the period. The price is currently at +0.09% from its lowest and -0.05% from its highest.1.3715
1.3734
1.3727
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this USD/SGD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.3464 | 1.3548 | 1.3710 | 1.3727 | 1.3855 | 1.4077 | 1.4401 |
| Change (%) | -1.92% | -1.30% | -0.12% | - | +0.93% | +2.55% | +4.91% |
| Change | -0.0263 | -0.0179 | -0.0017 | - | +0.0128 | +0.0350 | +0.0674 |
| Level | Major | Major | Intermediate | - | Minor | Minor | Major |
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 | 1.3621 | 1.3644 | 1.3683 | 1.3706 | 1.3745 | 1.3768 | 1.3807 |
| Camarilla | 1.3706 | 1.3712 | 1.3717 | 1.3723 | 1.3729 | 1.3734 | 1.3740 |
| Woodie | 1.3630 | 1.3648 | 1.3692 | 1.3710 | 1.3754 | 1.3772 | 1.3816 |
| Fibonacci | 1.3644 | 1.3667 | 1.3682 | 1.3706 | 1.3729 | 1.3744 | 1.3768 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3603 | 1.3637 | 1.3681 | 1.3715 | 1.3759 | 1.3793 | 1.3837 |
| Camarilla | 1.3704 | 1.3711 | 1.3718 | 1.3725 | 1.3732 | 1.3739 | 1.3747 |
| Woodie | 1.3608 | 1.3640 | 1.3686 | 1.3718 | 1.3764 | 1.3796 | 1.3842 |
| Fibonacci | 1.3637 | 1.3667 | 1.3685 | 1.3715 | 1.3745 | 1.3763 | 1.3793 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3241 | 1.3356 | 1.3509 | 1.3624 | 1.3777 | 1.3892 | 1.4045 |
| Camarilla | 1.3587 | 1.3612 | 1.3636 | 1.3661 | 1.3686 | 1.3710 | 1.3735 |
| Woodie | 1.3259 | 1.3366 | 1.3527 | 1.3634 | 1.3795 | 1.3902 | 1.4063 |
| Fibonacci | 1.3356 | 1.3459 | 1.3522 | 1.3624 | 1.3727 | 1.3790 | 1.3892 |
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): | 58.81 | |
| MACD (12,26,9): | 0.0021 | |
| Directional Movement: | 1.8669 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.3719 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3633 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 1.3578 | |
| Zig ZAG (10): | 1.3728 | |
| VORTEX (21): | 1.0252 | |
| Stochastique (14,3,5): | 73.56 | |
| TEMA (21): | 1.3711 | |
| Williams %R (14): | -13.79 | |
| Chande Momentum Oscillator (20): | 0.0101 | |
| Repulse (5,40,3): | 0.3545 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0221 | |
| Courbe Coppock: | 0.46 |
| MA7: | 1.3712 | |
| MA20: | 1.3691 | |
| MA50: | 1.3640 | |
| MA100: | 1.3527 | |
| MAexp7: | 1.3707 | |
| MAexp20: | 1.3689 | |
| MAexp50: | 1.3634 | |
| MAexp100: | 1.3567 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | +0.64% | |
| Price / MA100: | +1.48% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | +1.18% |
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 and USD/ZAR Forecast May 17, 2022
-
USD/SGD and USD/ZAR Forecast February 28, 2022
-
USD/SGD and USD/ZAR Forecast February 9, 2022
-
USD/SGD "To Hit 2009 Highs"
-
USD/SGD Weakening Trend
This member declared not having a position on this financial instrument or a related financial instrument.
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