GBP/SGD - 1H - Technical analysis published on 06/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.7243 SGD
My targets
1.7197 SGD (-0.0019)
1.7174 SGD (-0.0042)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GBP/SGD as long as the price remains well below 1.7243 SGD. The next bearish objective for sellers is set at 1.7197 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.7174 SGD. In case of crossing, the next objective would be the support located at 1.7157 SGD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.7197 SGD. With this support, against the trend traders who want to buy GBP/SGD on a buy signal from their trading strategy should not hesitate to act.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2
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This analysis was given by philiptino88. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/SGD rating 1.7216 SGD. The price registered a decrease of -0.15% on the session with the lowest point at 1.7214 SGD and the highest point at 1.7246 SGD. The deviation from the price is +0.01% for the low point and -0.17% for the high point.1.7214
1.7246
1.7216
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/SGD in 1H shows an overall slightly bullish trend. 50.00% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7157 | 1.7174 | 1.7197 | 1.7216 | 1.7223 | 1.7243 | 1.7251 |
| Change (%) | -0.34% | -0.24% | -0.11% | - | +0.04% | +0.16% | +0.20% |
| Change | -0.0059 | -0.0042 | -0.0019 | - | +0.0007 | +0.0027 | +0.0035 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 1.7142 | 1.7166 | 1.7204 | 1.7228 | 1.7266 | 1.7290 | 1.7328 |
| Camarilla | 1.7225 | 1.7231 | 1.7236 | 1.7242 | 1.7248 | 1.7253 | 1.7259 |
| Woodie | 1.7149 | 1.7170 | 1.7211 | 1.7232 | 1.7273 | 1.7294 | 1.7335 |
| Fibonacci | 1.7166 | 1.7190 | 1.7204 | 1.7228 | 1.7252 | 1.7266 | 1.7290 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7081 | 1.7118 | 1.7168 | 1.7205 | 1.7255 | 1.7292 | 1.7342 |
| Camarilla | 1.7194 | 1.7202 | 1.7210 | 1.7218 | 1.7226 | 1.7234 | 1.7242 |
| Woodie | 1.7088 | 1.7121 | 1.7175 | 1.7208 | 1.7262 | 1.7295 | 1.7349 |
| Fibonacci | 1.7118 | 1.7151 | 1.7172 | 1.7205 | 1.7238 | 1.7259 | 1.7292 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6636 | 1.6762 | 1.6990 | 1.7116 | 1.7344 | 1.7470 | 1.7698 |
| Camarilla | 1.7121 | 1.7153 | 1.7186 | 1.7218 | 1.7251 | 1.7283 | 1.7315 |
| Woodie | 1.6687 | 1.6788 | 1.7041 | 1.7142 | 1.7395 | 1.7496 | 1.7749 |
| Fibonacci | 1.6762 | 1.6897 | 1.6981 | 1.7116 | 1.7251 | 1.7335 | 1.7470 |
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): | 41.72 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -5.4247 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.7230 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7246 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.7207 | |
| Zig ZAG (10): | 1.7216 | |
| VORTEX (21): | 1.0789 | |
| Stochastique (14,3,5): | 10.37 | |
| TEMA (21): | 1.7226 | |
| Williams %R (14): | -94.29 | |
| Chande Momentum Oscillator (20): | -0.0025 | |
| Repulse (5,40,3): | -0.0582 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0033 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.7210 | |
| MA20: | 1.7142 | |
| MA50: | 1.7046 | |
| MA100: | 1.7031 | |
| MAexp7: | 1.7225 | |
| MAexp20: | 1.7228 | |
| MAexp50: | 1.7223 | |
| MAexp100: | 1.7216 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | +1.00% | |
| Price / MA100: | +1.09% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0% |
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.
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