EUR/SGD
EUR SGD
- SGD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURSGD
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EUR/SGD - Daily - Technical analysis published on 07/28/2023 (GMT)

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  • Timeframe : Daily
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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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/SGD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.44091.45061.45581.46551.47071.48041.4856
Camarilla1.45681.45821.45951.46091.46231.46361.4650
Woodie1.43861.44951.45351.46441.46841.47931.4833
Fibonacci1.45061.45631.45981.46551.47121.47471.4804


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.46061.46831.47441.48211.48821.49591.5020
Camarilla1.47661.47791.47911.48041.48171.48291.4842
Woodie1.45971.46791.47351.48171.48731.49551.5011
Fibonacci1.46831.47361.47691.48211.48741.49071.4959


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.40811.42391.44971.46551.49131.50711.5329
Camarilla1.46421.46801.47181.47561.47941.48321.4870
Woodie1.41321.42641.45481.46801.49641.50961.5380
Fibonacci1.42391.43981.44961.46551.48141.49121.5071

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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