EUR/SGD - 1H - Technical analysis published on 06/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 1.4670 SGD
My targets
1.4634 SGD (-0.0016)
1.4596 SGD (-0.0054)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade EUR/SGD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.4670 SGD. The next bearish objective for sellers is set at 1.4634 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4596 SGD. In case of crossing, the next objective would be the support located at 1.4579 SGD. In the event of a bullish break in the resistance located at 1.4670 SGD a certain indecision would take hold.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/SGD rating 1.4650 SGD. The price registered a decrease of -0.03% on the session and was between 1.4637 SGD and 1.4675 SGD. This implies that the price is at +0.09% from its lowest and at -0.17% from its highest.1.4637
1.4675
1.4650
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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 slightly bearish trend. 50.00% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.4596 | 1.4621 | 1.4634 | 1.4650 | 1.4657 | 1.4670 | 1.4692 |
| Change (%) | -0.37% | -0.20% | -0.11% | - | +0.05% | +0.14% | +0.29% |
| Change | -0.0054 | -0.0029 | -0.0016 | - | +0.0007 | +0.0020 | +0.0042 |
| Level | Minor | Minor | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4571 | 1.4602 | 1.4629 | 1.4660 | 1.4687 | 1.4718 | 1.4745 |
| Camarilla | 1.4639 | 1.4644 | 1.4650 | 1.4655 | 1.4660 | 1.4666 | 1.4671 |
| Woodie | 1.4568 | 1.4601 | 1.4626 | 1.4659 | 1.4684 | 1.4717 | 1.4742 |
| Fibonacci | 1.4602 | 1.4625 | 1.4638 | 1.4660 | 1.4683 | 1.4696 | 1.4718 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4516 | 1.4556 | 1.4608 | 1.4648 | 1.4700 | 1.4740 | 1.4792 |
| Camarilla | 1.4635 | 1.4643 | 1.4652 | 1.4660 | 1.4668 | 1.4677 | 1.4685 |
| Woodie | 1.4522 | 1.4559 | 1.4614 | 1.4651 | 1.4706 | 1.4743 | 1.4798 |
| Fibonacci | 1.4556 | 1.4591 | 1.4613 | 1.4648 | 1.4683 | 1.4705 | 1.4740 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4381 | 1.4448 | 1.4554 | 1.4621 | 1.4727 | 1.4794 | 1.4900 |
| Camarilla | 1.4612 | 1.4628 | 1.4644 | 1.4660 | 1.4676 | 1.4692 | 1.4708 |
| Woodie | 1.4401 | 1.4458 | 1.4574 | 1.4631 | 1.4747 | 1.4804 | 1.4920 |
| Fibonacci | 1.4448 | 1.4514 | 1.4555 | 1.4621 | 1.4687 | 1.4728 | 1.4794 |
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): | 44.19 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -8.0291 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 1.4653 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4674 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.4671 | |
| Zig ZAG (10): | 1.4646 | |
| VORTEX (21): | 0.9815 | |
| Stochastique (14,3,5): | 41.23 | |
| TEMA (21): | 1.4654 | |
| Williams %R (14): | -84.21 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | -0.1007 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0010 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.4643 | |
| MA20: | 1.4628 | |
| MA50: | 1.4582 | |
| MA100: | 1.4565 | |
| MAexp7: | 1.4654 | |
| MAexp20: | 1.4654 | |
| MAexp50: | 1.4654 | |
| MAexp100: | 1.4651 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | +0.15% | |
| Price / MA50: | +0.47% | |
| Price / MA100: | +0.58% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.01% |
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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