EUR/SGD - 1H - Technical analysis published on 01/24/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 1.4092 SGD
My targets
1.4155 SGD (+0.0030)
1.4195 SGD (+0.0070)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/SGD. As long as you are above the support located at 1.4092 SGD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.4155 SGD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.4195 SGD as an objective. Crossing it would then enable buyers to target 1.4420 SGD. If the support 1.4092 SGD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.9
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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 1.4125 SGD. The price is lower by -0.01% since the last closing and was between 1.4081 SGD and 1.4154 SGD. This implies that the price is at +0.31% from its lowest and at -0.20% from its highest.1.4081
1.4154
1.4125
A study of price movements over other periods shows the following variations:
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 bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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 | 1.4061 | 1.4092 | 1.4124 | 1.4125 | 1.4134 | 1.4155 | 1.4195 |
| Change (%) | -0.45% | -0.23% | -0.01% | - | +0.06% | +0.21% | +0.50% |
| Change | -0.0064 | -0.0033 | -0.0001 | - | +0.0009 | +0.0030 | +0.0070 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4064 | 1.4078 | 1.4103 | 1.4117 | 1.4142 | 1.4156 | 1.4181 |
| Camarilla | 1.4116 | 1.4120 | 1.4123 | 1.4127 | 1.4131 | 1.4134 | 1.4138 |
| Woodie | 1.4069 | 1.4081 | 1.4108 | 1.4120 | 1.4147 | 1.4159 | 1.4186 |
| Fibonacci | 1.4078 | 1.4093 | 1.4102 | 1.4117 | 1.4132 | 1.4141 | 1.4156 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3838 | 1.3916 | 1.3989 | 1.4067 | 1.4140 | 1.4218 | 1.4291 |
| Camarilla | 1.4020 | 1.4033 | 1.4047 | 1.4061 | 1.4075 | 1.4089 | 1.4103 |
| Woodie | 1.3835 | 1.3915 | 1.3986 | 1.4066 | 1.4137 | 1.4217 | 1.4288 |
| Fibonacci | 1.3916 | 1.3974 | 1.4010 | 1.4067 | 1.4125 | 1.4161 | 1.4218 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3950 | 1.4017 | 1.4076 | 1.4143 | 1.4202 | 1.4269 | 1.4328 |
| Camarilla | 1.4100 | 1.4112 | 1.4124 | 1.4135 | 1.4147 | 1.4158 | 1.4170 |
| Woodie | 1.3946 | 1.4015 | 1.4072 | 1.4141 | 1.4198 | 1.4267 | 1.4324 |
| Fibonacci | 1.4017 | 1.4065 | 1.4095 | 1.4143 | 1.4191 | 1.4221 | 1.4269 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.55 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -2.9351 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.4132 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4106 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.4098 | |
| Zig ZAG (10): | 1.4125 | |
| VORTEX (21): | 1.0242 | |
| Stochastique (14,3,5): | 60.93 | |
| TEMA (21): | 1.4135 | |
| Williams %R (14): | -39.13 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -0.0667 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.4102 | |
| MA20: | 1.4104 | |
| MA50: | 1.4126 | |
| MA100: | 1.4222 | |
| MAexp7: | 1.4130 | |
| MAexp20: | 1.4126 | |
| MAexp50: | 1.4119 | |
| MAexp100: | 1.4110 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +0.15% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | -0.68% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.04% | |
| 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.
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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