EUR/SGD - 1H - Technical analysis published on 08/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1.4455 SGD
My targets
1.4364 SGD (-0.0064)
1.4204 SGD (-0.0224)
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 1.4455 SGD. The next support located at 1.4364 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 1.4204 SGD. Below this support, sellers could then target 1.3807 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
6.6
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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 price is 1.4428 SGD. On the day, this instrument lost -0.04% with the lowest point at 1.4420 SGD and the highest point at 1.4448 SGD. The deviation from the price is +0.06% for the low point and -0.14% for the high point.1.4420
1.4448
1.4428
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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
Technical analysis of this 1H chart of EUR/SGD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3807 | 1.4204 | 1.4419 | 1.4428 | 1.4455 | 1.4479 | 1.4514 |
| Change (%) | -4.30% | -1.55% | -0.06% | - | +0.19% | +0.35% | +0.60% |
| Change | -0.0621 | -0.0224 | -0.0009 | - | +0.0027 | +0.0051 | +0.0086 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4309 | 1.4364 | 1.4398 | 1.4453 | 1.4487 | 1.4542 | 1.4576 |
| Camarilla | 1.4409 | 1.4417 | 1.4425 | 1.4433 | 1.4441 | 1.4449 | 1.4458 |
| Woodie | 1.4300 | 1.4359 | 1.4389 | 1.4448 | 1.4478 | 1.4537 | 1.4567 |
| Fibonacci | 1.4364 | 1.4398 | 1.4419 | 1.4453 | 1.4487 | 1.4508 | 1.4542 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4364 | 1.4411 | 1.4487 | 1.4534 | 1.4610 | 1.4657 | 1.4733 |
| Camarilla | 1.4530 | 1.4542 | 1.4553 | 1.4564 | 1.4575 | 1.4587 | 1.4598 |
| Woodie | 1.4380 | 1.4418 | 1.4503 | 1.4541 | 1.4626 | 1.4664 | 1.4749 |
| Fibonacci | 1.4411 | 1.4458 | 1.4487 | 1.4534 | 1.4581 | 1.4610 | 1.4657 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4163 | 1.4307 | 1.4385 | 1.4529 | 1.4607 | 1.4751 | 1.4829 |
| Camarilla | 1.4403 | 1.4423 | 1.4444 | 1.4464 | 1.4484 | 1.4505 | 1.4525 |
| Woodie | 1.4131 | 1.4291 | 1.4353 | 1.4513 | 1.4575 | 1.4735 | 1.4797 |
| Fibonacci | 1.4307 | 1.4392 | 1.4444 | 1.4529 | 1.4614 | 1.4666 | 1.4751 |
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): | 37.04 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -8.9751 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.4425 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4445 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.4461 | |
| Zig ZAG (10): | 1.4424 | |
| VORTEX (21): | 0.9751 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 1.4431 | |
| Williams %R (14): | -78.57 | |
| Chande Momentum Oscillator (20): | -0.0005 | |
| Repulse (5,40,3): | -0.0562 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0076 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1.4513 | |
| MA20: | 1.4504 | |
| MA50: | 1.4547 | |
| MA100: | 1.4561 | |
| MAexp7: | 1.4431 | |
| MAexp20: | 1.4435 | |
| MAexp50: | 1.4456 | |
| MAexp100: | 1.4483 | |
| Price / MA7: | -0.59% | |
| Price / MA20: | -0.52% | |
| Price / MA50: | -0.82% | |
| Price / MA100: | -0.91% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.38% |
Quotes :
-
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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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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