EUR/SGD - Daily - Technical analysis published on 04/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.4476 SGD
My targets
1.4880 SGD (+0.0283)
1.5569 SGD (+0.0972)
My analysis
The bullish trend is currently very strong on EUR/SGD. As long as the price remains above the support at 1.4476 SGD, you could try to benefit from the boom. The first bullish objective is located at 1.4880 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.5569 SGD as an objective. Crossing it would then enable buyers to target 1.5899 SGD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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Additional analysis
Quotes
The EUR/SGD price is 1.4597 SGD. The price is lower by -0.01% since the last closing and was traded between 1.4565 SGD and 1.4612 SGD over the period. The price is currently at +0.22% from its lowest and -0.10% from its highest.1.4565
1.4612
1.4597
Here is a more detailed summary of the historical variations registered by EUR/SGD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EUR/SGD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4204 | 1.4375 | 1.4476 | 1.4597 | 1.4880 | 1.5569 | 1.5899 |
| Change (%) | -2.69% | -1.52% | -0.83% | - | +1.94% | +6.66% | +8.92% |
| Change | -0.0393 | -0.0222 | -0.0121 | - | +0.0283 | +0.0972 | +0.1302 |
| Level | Intermediate | Minor | Major | - | Major | Minor | 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 | 1.4473 | 1.4502 | 1.4551 | 1.4580 | 1.4629 | 1.4658 | 1.4707 |
| Camarilla | 1.4578 | 1.4585 | 1.4592 | 1.4599 | 1.4606 | 1.4613 | 1.4621 |
| Woodie | 1.4482 | 1.4507 | 1.4560 | 1.4585 | 1.4638 | 1.4663 | 1.4716 |
| Fibonacci | 1.4502 | 1.4532 | 1.4551 | 1.4580 | 1.4610 | 1.4629 | 1.4658 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4274 | 1.4335 | 1.4423 | 1.4484 | 1.4572 | 1.4633 | 1.4721 |
| Camarilla | 1.4471 | 1.4485 | 1.4498 | 1.4512 | 1.4526 | 1.4539 | 1.4553 |
| Woodie | 1.4289 | 1.4342 | 1.4438 | 1.4491 | 1.4587 | 1.4640 | 1.4736 |
| Fibonacci | 1.4335 | 1.4392 | 1.4427 | 1.4484 | 1.4541 | 1.4576 | 1.4633 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3965 | 1.4092 | 1.4259 | 1.4386 | 1.4553 | 1.4680 | 1.4847 |
| Camarilla | 1.4346 | 1.4373 | 1.4400 | 1.4427 | 1.4454 | 1.4481 | 1.4508 |
| Woodie | 1.3986 | 1.4102 | 1.4280 | 1.4396 | 1.4574 | 1.4690 | 1.4868 |
| Fibonacci | 1.4092 | 1.4204 | 1.4273 | 1.4386 | 1.4498 | 1.4567 | 1.4680 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.18 | |
| MACD (12,26,9): | 0.0062 | |
| Directional Movement: | 13.7561 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.4547 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4432 | |
| Elder Ray (13): | 0.0085 | |
| Super Trend (3,10): | 1.4357 | |
| Zig ZAG (10): | 1.4598 | |
| VORTEX (21): | 1.2045 | |
| Stochastique (14,3,5): | 96.61 | |
| TEMA (21): | 1.4578 | |
| Williams %R (14): | -5.38 | |
| Chande Momentum Oscillator (20): | 0.0203 | |
| Repulse (5,40,3): | 0.6772 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0508 | |
| Courbe Coppock: | 2.23 |
| MA7: | 1.4534 | |
| MA20: | 1.4454 | |
| MA50: | 1.4352 | |
| MA100: | 1.4325 | |
| MAexp7: | 1.4542 | |
| MAexp20: | 1.4470 | |
| MAexp50: | 1.4389 | |
| MAexp100: | 1.4332 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | +0.99% | |
| Price / MA50: | +1.71% | |
| Price / MA100: | +1.90% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.87% | |
| Price / MAexp50: | +1.44% | |
| Price / MAexp100: | +1.84% |
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.
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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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