GBP/SGD - 1H - Technical analysis published on 12/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.7022 SGD
My targets
1.7127 SGD (+0.0043)
1.7152 SGD (+0.0068)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/SGD as long as the price remains well above 1.7022 SGD. The buyers' bullish objective is set at 1.7127 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7152 SGD. If there is any crossing, the next objective would be the resistance located at 1.7221 SGD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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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 1.7084 SGD. The price registered a decrease of -0.04% on the session and was traded between 1.7046 SGD and 1.7097 SGD over the period. The price is currently at +0.22% from its lowest and -0.08% from its highest.1.7046
1.7097
1.7084
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/SGD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/SGD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6996 | 1.7022 | 1.7084 | 1.7084 | 1.7127 | 1.7152 | 1.7221 |
| Change (%) | -0.52% | -0.36% | 0% | - | +0.25% | +0.40% | +0.80% |
| Change | -0.0088 | -0.0062 | 0 | - | +0.0043 | +0.0068 | +0.0137 |
| Level | Intermediate | Major | 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 | 1.6940 | 1.6974 | 1.7032 | 1.7066 | 1.7124 | 1.7158 | 1.7216 |
| Camarilla | 1.7065 | 1.7073 | 1.7082 | 1.7090 | 1.7098 | 1.7107 | 1.7115 |
| Woodie | 1.6952 | 1.6980 | 1.7044 | 1.7072 | 1.7136 | 1.7164 | 1.7228 |
| Fibonacci | 1.6974 | 1.7009 | 1.7031 | 1.7066 | 1.7101 | 1.7123 | 1.7158 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6898 | 1.6941 | 1.7015 | 1.7058 | 1.7132 | 1.7175 | 1.7249 |
| Camarilla | 1.7058 | 1.7069 | 1.7079 | 1.7090 | 1.7101 | 1.7112 | 1.7122 |
| Woodie | 1.6915 | 1.6949 | 1.7032 | 1.7066 | 1.7149 | 1.7183 | 1.7266 |
| Fibonacci | 1.6941 | 1.6985 | 1.7013 | 1.7058 | 1.7102 | 1.7130 | 1.7175 |
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): | 55.38 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | -1.5991 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 1.7082 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7089 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.7033 | |
| Zig ZAG (10): | 1.7081 | |
| VORTEX (21): | 0.9944 | |
| Stochastique (14,3,5): | 68.63 | |
| TEMA (21): | 1.7079 | |
| Williams %R (14): | -27.45 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0299 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0066 | |
| Courbe Coppock: | 0.09 |
| MA7: | 1.7044 | |
| MA20: | 1.7075 | |
| MA50: | 1.7066 | |
| MA100: | 1.7084 | |
| MAexp7: | 1.7076 | |
| MAexp20: | 1.7072 | |
| MAexp50: | 1.7060 | |
| MAexp100: | 1.7053 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | -0% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.18% |
Quotes :
-
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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