GBP/SGD - 1H - Technical analysis published on 04/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.6951 SGD
My targets
1.6886 SGD (-0.0046)
1.6821 SGD (-0.0111)
My analysis
GBP/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 1.6951 SGD. The next support located at 1.6886 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 1.6821 SGD. Below this support, sellers could then target 1.6743 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
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/SGD rating 1.6932 SGD. On the day, this instrument lost -0.02% and was between 1.6912 SGD and 1.6952 SGD. This implies that the price is at +0.12% from its lowest and at -0.12% from its highest.1.6912
1.6952
1.6932
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/SGD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6821 | 1.6886 | 1.6926 | 1.6932 | 1.6951 | 1.6969 | 1.7009 |
| Change (%) | -0.66% | -0.27% | -0.04% | - | +0.11% | +0.22% | +0.45% |
| Change | -0.0111 | -0.0046 | -0.0006 | - | +0.0019 | +0.0037 | +0.0077 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Major |
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 | 1.6878 | 1.6905 | 1.6920 | 1.6947 | 1.6962 | 1.6989 | 1.7004 |
| Camarilla | 1.6925 | 1.6928 | 1.6932 | 1.6936 | 1.6940 | 1.6944 | 1.6948 |
| Woodie | 1.6873 | 1.6902 | 1.6915 | 1.6944 | 1.6957 | 1.6986 | 1.6999 |
| Fibonacci | 1.6905 | 1.6921 | 1.6931 | 1.6947 | 1.6963 | 1.6973 | 1.6989 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6697 | 1.6807 | 1.6873 | 1.6983 | 1.7049 | 1.7159 | 1.7225 |
| Camarilla | 1.6891 | 1.6907 | 1.6923 | 1.6939 | 1.6955 | 1.6971 | 1.6987 |
| Woodie | 1.6675 | 1.6796 | 1.6851 | 1.6972 | 1.7027 | 1.7148 | 1.7203 |
| Fibonacci | 1.6807 | 1.6874 | 1.6916 | 1.6983 | 1.7050 | 1.7092 | 1.7159 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.99 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -2.7781 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.6934 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6956 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.6965 | |
| Zig ZAG (10): | 1.6929 | |
| VORTEX (21): | 0.9317 | |
| Stochastique (14,3,5): | 22.25 | |
| TEMA (21): | 1.6931 | |
| Williams %R (14): | -64.81 | |
| Chande Momentum Oscillator (20): | -0.0031 | |
| Repulse (5,40,3): | -0.0132 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0033 | |
| Courbe Coppock: | 0.25 |
| MA7: | 1.6952 | |
| MA20: | 1.6997 | |
| MA50: | 1.7014 | |
| MA100: | 1.6971 | |
| MAexp7: | 1.6934 | |
| MAexp20: | 1.6941 | |
| MAexp50: | 1.6949 | |
| MAexp100: | 1.6960 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | -0.38% | |
| Price / MA50: | -0.48% | |
| Price / MA100: | -0.23% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.17% |
Quotes :
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Real time data
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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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