CHF/SGD - 1H - Technical analysis published on 12/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 1.5458 SGD
My targets
1.5523 SGD (+0.0026)
1.5599 SGD (+0.0102)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/SGD as long as the price remains well above 1.5458 SGD. The buyers' bullish objective is set at 1.5523 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.5599 SGD. If there is any crossing, the next objective would be the resistance located at 1.6818 SGD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/SGD rating 1.5497 SGD. On the day, this instrument lost -0.02% and was traded between 1.5470 SGD and 1.5523 SGD over the period. The price is currently at +0.17% from its lowest and -0.17% from its highest.1.5470
1.5523
1.5497
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/SGD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/SGD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.5366 | 1.5391 | 1.5458 | 1.5497 | 1.5523 | 1.6818 |
| Change (%) | -0.85% | -0.68% | -0.25% | - | +0.17% | +8.52% |
| Change | -0.0131 | -0.0106 | -0.0039 | - | +0.0026 | +0.1321 |
| Level | Intermediate | Major | Intermediate | - | 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 | 1.5360 | 1.5394 | 1.5447 | 1.5481 | 1.5534 | 1.5568 | 1.5621 |
| Camarilla | 1.5476 | 1.5484 | 1.5492 | 1.5500 | 1.5508 | 1.5516 | 1.5524 |
| Woodie | 1.5370 | 1.5399 | 1.5457 | 1.5486 | 1.5544 | 1.5573 | 1.5631 |
| Fibonacci | 1.5394 | 1.5427 | 1.5448 | 1.5481 | 1.5514 | 1.5535 | 1.5568 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5341 | 1.5387 | 1.5427 | 1.5473 | 1.5513 | 1.5559 | 1.5599 |
| Camarilla | 1.5442 | 1.5450 | 1.5458 | 1.5466 | 1.5474 | 1.5482 | 1.5490 |
| Woodie | 1.5337 | 1.5386 | 1.5423 | 1.5472 | 1.5509 | 1.5558 | 1.5595 |
| Fibonacci | 1.5387 | 1.5420 | 1.5441 | 1.5473 | 1.5506 | 1.5527 | 1.5559 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4741 | 1.4878 | 1.5082 | 1.5219 | 1.5423 | 1.5560 | 1.5764 |
| Camarilla | 1.5191 | 1.5223 | 1.5254 | 1.5285 | 1.5316 | 1.5348 | 1.5379 |
| Woodie | 1.4774 | 1.4895 | 1.5115 | 1.5236 | 1.5456 | 1.5577 | 1.5797 |
| Fibonacci | 1.4878 | 1.5009 | 1.5089 | 1.5219 | 1.5350 | 1.5430 | 1.5560 |
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): | 56.05 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 8.6435 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.5504 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5474 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.5463 | |
| Zig ZAG (10): | 1.5506 | |
| VORTEX (21): | 1.0912 | |
| Stochastique (14,3,5): | 57.86 | |
| TEMA (21): | 1.5504 | |
| Williams %R (14): | -43.40 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0291 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0067 | |
| Courbe Coppock: | 0.00 |
| MA7: | 1.5477 | |
| MA20: | 1.5380 | |
| MA50: | 1.5252 | |
| MA100: | 1.5233 | |
| MAexp7: | 1.5500 | |
| MAexp20: | 1.5495 | |
| MAexp50: | 1.5484 | |
| MAexp100: | 1.5468 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.76% | |
| Price / MA50: | +1.61% | |
| Price / MA100: | +1.73% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.19% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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