EUR/SGD

- SGD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURSGD
ISIN:

EUR/SGD - 1H - Technical analysis published on 02/03/2025 (GMT)

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!

Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 1.4044 SGD

My targets

1.3934 SGD (-0.0088)

1.3807 SGD (-0.0215)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.4044 SGD remains possible. 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 1.4044 SGD. The next bearish objective for sellers is set at 1.3934 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3807 SGD. PS: if there is a bullish break in the resistance located at 1.4044 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/SGD rating 1.4022 SGD. The price registered a decrease of -0.35% on the session and was between 1.3952 SGD and 1.4045 SGD. This implies that the price is at +0.50% from its lowest and at -0.16% from its highest.

1.3952

1.4045

1.4022

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/SGD chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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 support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	1.3807	1.4022	1.4044	1.4061	1.4081
Change (%)	-1.53%	-	+0.16%	+0.28%	+0.42%
Change	-0.0215	-	+0.0022	+0.0039	+0.0059
Level	Major	-	Major	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3979	1.4014	1.4043	1.4078	1.4107	1.4142	1.4171
Camarilla	1.4053	1.4059	1.4065	1.4071	1.4077	1.4083	1.4089
Woodie	1.3975	1.4013	1.4039	1.4077	1.4103	1.4141	1.4167
Fibonacci	1.4014	1.4039	1.4054	1.4078	1.4103	1.4118	1.4142

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3934	1.3988	1.4029	1.4083	1.4124	1.4178	1.4219
Camarilla	1.4045	1.4054	1.4062	1.4071	1.4080	1.4088	1.4097
Woodie	1.3929	1.3985	1.4024	1.4080	1.4119	1.4175	1.4214
Fibonacci	1.3988	1.4024	1.4046	1.4083	1.4119	1.4141	1.4178

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3786	1.3890	1.3981	1.4085	1.4176	1.4280	1.4371
Camarilla	1.4017	1.4035	1.4053	1.4071	1.4089	1.4107	1.4125
Woodie	1.3779	1.3887	1.3974	1.4082	1.4169	1.4277	1.4364
Fibonacci	1.3890	1.3965	1.4011	1.4085	1.4160	1.4206	1.4280

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):	45.27
MACD (12,26,9):	-0.0017
Directional Movement:	-1.6991
AROON (14):	-64.2857
DEMA (21):	1.3994
Parabolic SAR (0,02-0,02-0,2):	1.4041
Elder Ray (13):	0.0004
Super Trend (3,10):	1.4065
Zig ZAG (10):	1.4010
VORTEX (21):	0.9777
Stochastique (14,3,5):	55.43
TEMA (21):	1.3987
Williams %R (14):	-49.32
Chande Momentum Oscillator (20):	0.0000
Repulse (5,40,3):	0.0484
ROCnROLL:	-1
TRIX (15,9):	-0.0204
Courbe Coppock:	0.66

MA7:	1.4073
MA20:	1.4083
MA50:	1.4115
MA100:	1.4201
MAexp7:	1.4003
MAexp20:	1.4017
MAexp50:	1.4041
MAexp100:	1.4059
Price / MA7:	-0.36%
Price / MA20:	-0.43%
Price / MA50:	-0.66%
Price / MA100:	-1.26%
Price / MAexp7:	+0.14%
Price / MAexp20:	+0.04%
Price / MAexp50:	-0.14%
Price / MAexp100:	-0.26%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15802

Number of analyses :

93923

Followers :

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…