EUR/SGD - 1H - Technical analysis published on 05/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 1.4544 SGD
My targets
1.4503 SGD (-0.0022)
1.4469 SGD (-0.0056)
My analysis
The bearish basic trend is very strong on EUR/SGD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.4544 SGD. Crossing the first support at 1.4503 SGD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.4469 SGD as an objective. Crossing it would then enable sellers to target 1.4379 SGD. Caution, a return to above the resistance located at 1.4544 SGD would be a sign of a possible consolidation phase of the short-term basic trend. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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Additional analysis
Quotes
The EUR/SGD rating is 1.4525 SGD. The price is lower by -0.01% since the last closing and was traded between 1.4515 SGD and 1.4586 SGD over the period. The price is currently at +0.07% from its lowest and -0.42% from its highest.1.4515
1.4586
1.4525
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/SGD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4469 | 1.4503 | 1.4512 | 1.4525 | 1.4544 | 1.4573 | 1.4582 |
| Change (%) | -0.39% | -0.15% | -0.09% | - | +0.13% | +0.33% | +0.39% |
| Change | -0.0056 | -0.0022 | -0.0013 | - | +0.0019 | +0.0048 | +0.0057 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | 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 | 1.4432 | 1.4473 | 1.4500 | 1.4541 | 1.4568 | 1.4609 | 1.4636 |
| Camarilla | 1.4507 | 1.4514 | 1.4520 | 1.4526 | 1.4532 | 1.4539 | 1.4545 |
| Woodie | 1.4424 | 1.4470 | 1.4492 | 1.4538 | 1.4560 | 1.4606 | 1.4628 |
| Fibonacci | 1.4473 | 1.4499 | 1.4515 | 1.4541 | 1.4567 | 1.4583 | 1.4609 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4365 | 1.4426 | 1.4497 | 1.4558 | 1.4629 | 1.4690 | 1.4761 |
| Camarilla | 1.4532 | 1.4544 | 1.4556 | 1.4568 | 1.4580 | 1.4592 | 1.4604 |
| Woodie | 1.4370 | 1.4429 | 1.4502 | 1.4561 | 1.4634 | 1.4693 | 1.4766 |
| Fibonacci | 1.4426 | 1.4476 | 1.4508 | 1.4558 | 1.4608 | 1.4640 | 1.4690 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4284 | 1.4371 | 1.4467 | 1.4554 | 1.4650 | 1.4737 | 1.4833 |
| Camarilla | 1.4512 | 1.4529 | 1.4545 | 1.4562 | 1.4579 | 1.4596 | 1.4612 |
| Woodie | 1.4288 | 1.4373 | 1.4471 | 1.4556 | 1.4654 | 1.4739 | 1.4837 |
| Fibonacci | 1.4371 | 1.4441 | 1.4484 | 1.4554 | 1.4624 | 1.4667 | 1.4737 |
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): | 45.26 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 20.8435 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 1.4525 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4581 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.4553 | |
| Zig ZAG (10): | 1.4527 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 10.61 | |
| TEMA (21): | 1.4528 | |
| Williams %R (14): | -89.39 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -0.0450 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0032 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.4559 | |
| MA20: | 1.4542 | |
| MA50: | 1.4563 | |
| MA100: | 1.4556 | |
| MAexp7: | 1.4528 | |
| MAexp20: | 1.4530 | |
| MAexp50: | 1.4538 | |
| MAexp100: | 1.4548 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | -0.26% | |
| Price / MA100: | -0.21% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.16% |
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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