GBP/SGD

- SGD (-)

- Real time data - Forex

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

Type:	Forex
Ticker:	GBPSGD
ISIN:

GBP/SGD - 1H - Technical analysis published on 04/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

56%

33%

My opinion

Bearish under 1.7037 SGD

My targets

1.6886 SGD (-0.0085)

1.6743 SGD (-0.0228)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/SGD as long as the price remains well below 1.7037 SGD. The sellers' bearish objective is set at 1.6886 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6743 SGD. In case of crossing, the next objective would be the support located at 1.6674 SGD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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

7.5

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/SGD price is 1.6971 SGD. The price registered a decrease of -0.02% on the session with the lowest point at 1.6968 SGD and the highest point at 1.6981 SGD. The deviation from the price is +0.02% for the low point and -0.06% for the high point.

1.6968

1.6981

1.6971

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/SGD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a bearish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.6743	1.6886	1.6964	1.6971	1.6985	1.7037	1.7078
Change (%)	-1.34%	-0.50%	-0.04%	-	+0.08%	+0.39%	+0.63%
Change	-0.0228	-0.0085	-0.0007	-	+0.0014	+0.0066	+0.0107
Level	Minor	Minor	Intermediate	-	Minor	Minor	Intermediate

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	1.6785	1.6871	1.6922	1.7008	1.7059	1.7145	1.7196
Camarilla	1.6936	1.6949	1.6961	1.6974	1.6987	1.6999	1.7012
Woodie	1.6769	1.6862	1.6906	1.6999	1.7043	1.7136	1.7180
Fibonacci	1.6871	1.6923	1.6955	1.7008	1.7060	1.7092	1.7145

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6871	1.6918	1.6981	1.7028	1.7091	1.7138	1.7201
Camarilla	1.7015	1.7025	1.7035	1.7045	1.7055	1.7065	1.7075
Woodie	1.6880	1.6922	1.6990	1.7032	1.7100	1.7142	1.7210
Fibonacci	1.6918	1.6960	1.6986	1.7028	1.7070	1.7096	1.7138

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6777	1.6869	1.6956	1.7048	1.7135	1.7227	1.7314
Camarilla	1.6995	1.7011	1.7028	1.7044	1.7060	1.7077	1.7093
Woodie	1.6776	1.6868	1.6955	1.7047	1.7134	1.7226	1.7313
Fibonacci	1.6869	1.6937	1.6979	1.7048	1.7116	1.7158	1.7227

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):	31.37
MACD (12,26,9):	-0.0017
Directional Movement:	-17.4244
AROON (14):	-7.1429
DEMA (21):	1.6966
Parabolic SAR (0,02-0,02-0,2):	1.6987
Elder Ray (13):	-0.0009
Super Trend (3,10):	1.7009
Zig ZAG (10):	1.6971
VORTEX (21):	0.7535
Stochastique (14,3,5):	42.81
TEMA (21):	1.6960
Williams %R (14):	-51.61
Chande Momentum Oscillator (20):	-0.0009
Repulse (5,40,3):	-0.0391
ROCnROLL:	2
TRIX (15,9):	-0.0164
Courbe Coppock:	0.43

MA7:	1.7027
MA20:	1.7028
MA50:	1.7015
MA100:	1.6966
MAexp7:	1.6975
MAexp20:	1.6990
MAexp50:	1.7014
MAexp100:	1.7026
Price / MA7:	-0.33%
Price / MA20:	-0.33%
Price / MA50:	-0.26%
Price / MA100:	+0.03%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.11%
Price / MAexp50:	-0.25%
Price / MAexp100:	-0.32%

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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