EUR/SGD - 1H - Technical analysis published on 08/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 1.4817 SGD
My targets
1.4773 SGD (-0.0019)
1.4745 SGD (-0.0047)
My analysis
EUR/SGD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.4817 SGD. The next support located at 1.4773 SGD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.4745 SGD. Below this support, sellers could then target 1.4712 SGD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/SGD rating is 1.4792 SGD. The price registered a decrease of -0.01% on the session and was between 1.4782 SGD and 1.4815 SGD. This implies that the price is at +0.07% from its lowest and at -0.16% from its highest.1.4782
1.4815
1.4792
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/SGD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 2 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4745 | 1.4773 | 1.4792 | 1.4792 | 1.4817 | 1.4833 | 1.4863 |
| Change (%) | -0.32% | -0.13% | 0% | - | +0.17% | +0.28% | +0.48% |
| Change | -0.0047 | -0.0019 | 0 | - | +0.0025 | +0.0041 | +0.0071 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Intermediate |
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 | 1.4707 | 1.4740 | 1.4767 | 1.4800 | 1.4827 | 1.4860 | 1.4887 |
| Camarilla | 1.4777 | 1.4782 | 1.4788 | 1.4793 | 1.4799 | 1.4804 | 1.4810 |
| Woodie | 1.4703 | 1.4739 | 1.4763 | 1.4799 | 1.4823 | 1.4859 | 1.4883 |
| Fibonacci | 1.4740 | 1.4763 | 1.4777 | 1.4800 | 1.4823 | 1.4837 | 1.4860 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4577 | 1.4645 | 1.4728 | 1.4796 | 1.4879 | 1.4947 | 1.5030 |
| Camarilla | 1.4771 | 1.4784 | 1.4798 | 1.4812 | 1.4826 | 1.4840 | 1.4854 |
| Woodie | 1.4586 | 1.4649 | 1.4737 | 1.4800 | 1.4888 | 1.4951 | 1.5039 |
| Fibonacci | 1.4645 | 1.4702 | 1.4738 | 1.4796 | 1.4853 | 1.4889 | 1.4947 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4184 | 1.4382 | 1.4503 | 1.4701 | 1.4822 | 1.5020 | 1.5141 |
| Camarilla | 1.4536 | 1.4566 | 1.4595 | 1.4624 | 1.4653 | 1.4683 | 1.4712 |
| Woodie | 1.4146 | 1.4363 | 1.4465 | 1.4682 | 1.4784 | 1.5001 | 1.5103 |
| Fibonacci | 1.4382 | 1.4504 | 1.4579 | 1.4701 | 1.4823 | 1.4898 | 1.5020 |
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): | 43.11 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -12.3688 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.4795 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4814 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 1.4823 | |
| Zig ZAG (10): | 1.4790 | |
| VORTEX (21): | 0.9277 | |
| Stochastique (14,3,5): | 33.09 | |
| TEMA (21): | 1.4794 | |
| Williams %R (14): | -75.76 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0423 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0040 | |
| Courbe Coppock: | 0.04 |
| MA7: | 1.4799 | |
| MA20: | 1.4736 | |
| MA50: | 1.4724 | |
| MA100: | 1.4643 | |
| MAexp7: | 1.4796 | |
| MAexp20: | 1.4800 | |
| MAexp50: | 1.4805 | |
| MAexp100: | 1.4804 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +0.38% | |
| Price / MA50: | +0.46% | |
| Price / MA100: | +1.02% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.08% |
Quotes :
-
Real time data
-
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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