EUR/SGD - 1H - Technical analysis published on 07/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
28%
22%
50%
My opinion
Neutral between 1.4835 SGD and 1.4865 SGD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 1.4835 SGD. The first resistance is located at 1.4865 SGD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by EUR/SGD.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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Additional analysis
Quotes
EUR/SGD rating 1.4850 SGD. On the day, this instrument lost -0.03% with the lowest point at 1.4834 SGD and the highest point at 1.4893 SGD. The deviation from the price is +0.11% for the low point and -0.29% for the high point.1.4834
1.4893
1.4850
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/SGD:
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
Technical analysis of EUR/SGD in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 9 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.4765 | 1.4795 | 1.4835 | 1.4850 | 1.4865 | 1.4880 | 1.5317 |
| Change (%) | -0.57% | -0.37% | -0.10% | - | +0.10% | +0.20% | +3.14% |
| Change | -0.0085 | -0.0055 | -0.0015 | - | +0.0015 | +0.0030 | +0.0467 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | 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 | 1.4789 | 1.4808 | 1.4831 | 1.4850 | 1.4873 | 1.4892 | 1.4915 |
| Camarilla | 1.4843 | 1.4846 | 1.4850 | 1.4854 | 1.4858 | 1.4862 | 1.4866 |
| Woodie | 1.4791 | 1.4809 | 1.4833 | 1.4851 | 1.4875 | 1.4893 | 1.4917 |
| Fibonacci | 1.4808 | 1.4824 | 1.4834 | 1.4850 | 1.4866 | 1.4876 | 1.4892 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4651 | 1.4693 | 1.4764 | 1.4806 | 1.4877 | 1.4919 | 1.4990 |
| Camarilla | 1.4803 | 1.4813 | 1.4824 | 1.4834 | 1.4844 | 1.4855 | 1.4865 |
| Woodie | 1.4665 | 1.4700 | 1.4778 | 1.4813 | 1.4891 | 1.4926 | 1.5004 |
| Fibonacci | 1.4693 | 1.4737 | 1.4763 | 1.4806 | 1.4850 | 1.4876 | 1.4919 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4081 | 1.4239 | 1.4497 | 1.4655 | 1.4913 | 1.5071 | 1.5329 |
| Camarilla | 1.4642 | 1.4680 | 1.4718 | 1.4756 | 1.4794 | 1.4832 | 1.4870 |
| Woodie | 1.4132 | 1.4264 | 1.4548 | 1.4680 | 1.4964 | 1.5096 | 1.5380 |
| Fibonacci | 1.4239 | 1.4398 | 1.4496 | 1.4655 | 1.4814 | 1.4912 | 1.5071 |
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): | 46.05 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -1.1743 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.4851 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4858 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.4839 | |
| Zig ZAG (10): | 1.4848 | |
| VORTEX (21): | 0.9702 | |
| Stochastique (14,3,5): | 32.24 | |
| TEMA (21): | 1.4847 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | 0.0115 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.23 |
| MA7: | 1.4822 | |
| MA20: | 1.4768 | |
| MA50: | 1.4619 | |
| MA100: | 1.4558 | |
| MAexp7: | 1.4850 | |
| MAexp20: | 1.4852 | |
| MAexp50: | 1.4848 | |
| MAexp100: | 1.4832 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | +0.56% | |
| Price / MA50: | +1.58% | |
| Price / MA100: | +2.01% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.12% |
Quotes :
-
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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