GBP/SGD

- SGD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPSGD
ISIN:

GBP/SGD - 1H - Technical analysis published on 12/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

39%

11%

50%

My opinion

Bullish above 1.7022 SGD

My targets

1.7064 SGD (+0.0022)

1.7084 SGD (+0.0042)

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 GBP/SGD. As long as you are above the support located at 1.7022 SGD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.7064 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 1.7084 SGD as an objective. Crossing it would then enable buyers to target 1.7110 SGD. If the support 1.7022 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

3.4

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 rating is 1.7042 SGD. The price is lower by -0.01% since the last closing and was traded between 1.7039 SGD and 1.7060 SGD over the period. The price is currently at +0.02% from its lowest and -0.11% from its highest.

1.7039

1.7060

1.7042

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

Here is a more detailed summary of the historical variations registered by GBP/SGD:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/SGD in 1H shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. 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

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.6897	1.6936	1.7022	1.7042	1.7064	1.7084	1.7110
Change (%)	-0.85%	-0.62%	-0.12%	-	+0.13%	+0.25%	+0.40%
Change	-0.0145	-0.0106	-0.0020	-	+0.0022	+0.0042	+0.0068
Level	Minor	Intermediate	Intermediate	-	Minor	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6961	1.6985	1.7015	1.7039	1.7069	1.7093	1.7123
Camarilla	1.7029	1.7034	1.7039	1.7044	1.7049	1.7054	1.7059
Woodie	1.6963	1.6987	1.7017	1.7041	1.7071	1.7095	1.7125
Fibonacci	1.6985	1.7006	1.7019	1.7039	1.7060	1.7073	1.7093

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6767	1.6830	1.6939	1.7002	1.7111	1.7174	1.7283
Camarilla	1.7002	1.7018	1.7033	1.7049	1.7065	1.7081	1.7096
Woodie	1.6791	1.6842	1.6963	1.7014	1.7135	1.7186	1.7307
Fibonacci	1.6830	1.6895	1.6936	1.7002	1.7067	1.7108	1.7174

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6487	1.6669	1.6859	1.7041	1.7231	1.7413	1.7603
Camarilla	1.6947	1.6981	1.7015	1.7049	1.7083	1.7117	1.7151
Woodie	1.6491	1.6671	1.6863	1.7043	1.7235	1.7415	1.7607
Fibonacci	1.6669	1.6811	1.6899	1.7041	1.7183	1.7271	1.7413

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):	51.05
MACD (12,26,9):	0.0002
Directional Movement:	1.7710
AROON (14):	35.7143
DEMA (21):	1.7046
Parabolic SAR (0,02-0,02-0,2):	1.7019
Elder Ray (13):	0.0002
Super Trend (3,10):	1.7073
Zig ZAG (10):	1.7047
VORTEX (21):	1.0510
Stochastique (14,3,5):	61.23
TEMA (21):	1.7048
Williams %R (14):	-46.67
Chande Momentum Oscillator (20):	0.0008
Repulse (5,40,3):	-0.0625
ROCnROLL:	-1
TRIX (15,9):	0.0015
Courbe Coppock:	0.15

MA7:	1.7016
MA20:	1.7016
MA50:	1.7072
MA100:	1.7095
MAexp7:	1.7045
MAexp20:	1.7043
MAexp50:	1.7039
MAexp100:	1.7027
Price / MA7:	+0.15%
Price / MA20:	+0.15%
Price / MA50:	-0.18%
Price / MA100:	-0.31%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.01%
Price / MAexp50:	+0.02%
Price / MAexp100:	+0.09%

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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