EUR/SGD - Daily - Technical analysis published on 07/28/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.4745 SGD
My targets
1.4479 SGD (-0.0123)
1.4375 SGD (-0.0227)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for EUR/SGD as long as the price remains well below 1.4745 SGD. The next bearish objective for sellers is set at 1.4479 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4375 SGD. In case of crossing, the next objective would be the support located at 1.4204 SGD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.4479 SGD. With this support, against the trend traders who want to buy EUR/SGD on a buy signal from their trading strategy should not hesitate to act.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2.1
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.
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Additional analysis
Quotes
The EUR/SGD rating is 1.4602 SGD. The price registered a decrease of -0.05% on the session and was between 1.4580 SGD and 1.4639 SGD. This implies that the price is at +0.15% from its lowest and at -0.25% from its highest.1.4580
1.4639
1.4602
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EUR/SGD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4204 | 1.4375 | 1.4479 | 1.4602 | 1.4745 | 1.4880 | 1.5317 |
| Change (%) | -2.73% | -1.55% | -0.84% | - | +0.98% | +1.90% | +4.90% |
| Change | -0.0398 | -0.0227 | -0.0123 | - | +0.0143 | +0.0278 | +0.0715 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 1.4409 | 1.4506 | 1.4558 | 1.4655 | 1.4707 | 1.4804 | 1.4856 |
| Camarilla | 1.4568 | 1.4582 | 1.4595 | 1.4609 | 1.4623 | 1.4636 | 1.4650 |
| Woodie | 1.4386 | 1.4495 | 1.4535 | 1.4644 | 1.4684 | 1.4793 | 1.4833 |
| Fibonacci | 1.4506 | 1.4563 | 1.4598 | 1.4655 | 1.4712 | 1.4747 | 1.4804 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4606 | 1.4683 | 1.4744 | 1.4821 | 1.4882 | 1.4959 | 1.5020 |
| Camarilla | 1.4766 | 1.4779 | 1.4791 | 1.4804 | 1.4817 | 1.4829 | 1.4842 |
| Woodie | 1.4597 | 1.4679 | 1.4735 | 1.4817 | 1.4873 | 1.4955 | 1.5011 |
| Fibonacci | 1.4683 | 1.4736 | 1.4769 | 1.4821 | 1.4874 | 1.4907 | 1.4959 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.10 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -15.2954 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.4738 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4860 | |
| Elder Ray (13): | -0.0111 | |
| Super Trend (3,10): | 1.4829 | |
| Zig ZAG (10): | 1.4607 | |
| VORTEX (21): | 0.8961 | |
| Stochastique (14,3,5): | 8.67 | |
| TEMA (21): | 1.4696 | |
| Williams %R (14): | -89.97 | |
| Chande Momentum Oscillator (20): | -0.0205 | |
| Repulse (5,40,3): | -0.9156 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0327 | |
| Courbe Coppock: | 0.83 |
| MA7: | 1.4698 | |
| MA20: | 1.4755 | |
| MA50: | 1.4648 | |
| MA100: | 1.4590 | |
| MAexp7: | 1.4685 | |
| MAexp20: | 1.4725 | |
| MAexp50: | 1.4677 | |
| MAexp100: | 1.4586 | |
| Price / MA7: | -0.65% | |
| Price / MA20: | -1.04% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | +0.08% | |
| Price / MAexp7: | -0.57% | |
| Price / MAexp20: | -0.84% | |
| Price / MAexp50: | -0.51% | |
| Price / MAexp100: | +0.11% |
Quotes :
-
Real time data
-
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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