USD/SGD

- SGD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	USDSGD
ISIN:

USD/SGD - Daily - Technical analysis published on 09/20/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 1.3412 SGD

My targets

1.3598 SGD (+0.0076)

1.3663 SGD (+0.0141)

My analysis

A bullish trend on USD/SGD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.3412 SGD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.3598 SGD. Then the price could move towards 1.3663 SGD. Then 1.3855 SGD by extension. Be careful, a return below 1.3412 SGD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

5.7

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

Additional analysis

Quotes

The USD/SGD price is 1.3522 SGD. The price has increased by +0.27% since the last closing and was between 1.3484 SGD and 1.3524 SGD. This implies that the price is at +0.28% from its lowest and at -0.01% from its highest.

1.3484

1.3524

1.3522

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this USD/SGD chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3367	1.3412	1.3472	1.3522	1.3551	1.3598	1.3663
Change (%)	-1.15%	-0.81%	-0.37%	-	+0.21%	+0.56%	+1.04%
Change	-0.0155	-0.0110	-0.0050	-	+0.0029	+0.0076	+0.0141
Level	Intermediate	Major	Major	-	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	1.3413	1.3431	1.3458	1.3476	1.3503	1.3521	1.3548
Camarilla	1.3473	1.3477	1.3481	1.3485	1.3489	1.3493	1.3497
Woodie	1.3418	1.3433	1.3463	1.3478	1.3508	1.3523	1.3553
Fibonacci	1.3431	1.3448	1.3459	1.3476	1.3493	1.3504	1.3521

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3333	1.3367	1.3426	1.3460	1.3519	1.3553	1.3612
Camarilla	1.3459	1.3468	1.3477	1.3485	1.3494	1.3502	1.3511
Woodie	1.3346	1.3373	1.3439	1.3466	1.3532	1.3559	1.3625
Fibonacci	1.3367	1.3403	1.3425	1.3460	1.3496	1.3518	1.3553

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3117	1.3268	1.3355	1.3506	1.3593	1.3744	1.3831
Camarilla	1.3378	1.3399	1.3421	1.3443	1.3465	1.3487	1.3509
Woodie	1.3086	1.3252	1.3324	1.3490	1.3562	1.3728	1.3800
Fibonacci	1.3268	1.3359	1.3415	1.3506	1.3597	1.3653	1.3744

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):	56.75
MACD (12,26,9):	-0.0017
Directional Movement:	0.6567
AROON (14):	42.8571
DEMA (21):	1.3445
Parabolic SAR (0,02-0,02-0,2):	1.3386
Elder Ray (13):	0.0041
Super Trend (3,10):	1.3546
Zig ZAG (10):	1.3515
VORTEX (21):	0.8674
Stochastique (14,3,5):	88.73
TEMA (21):	1.3437
Williams %R (14):	-0.72
Chande Momentum Oscillator (20):	0.0089
Repulse (5,40,3):	0.6121
ROCnROLL:	1
TRIX (15,9):	-0.0308
Courbe Coppock:	0.37

MA7:	1.3449
MA20:	1.3458
MA50:	1.3529
MA100:	1.3438
MAexp7:	1.3465
MAexp20:	1.3471
MAexp50:	1.3484
MAexp100:	1.3461
Price / MA7:	+0.54%
Price / MA20:	+0.48%
Price / MA50:	-0.05%
Price / MA100:	+0.63%
Price / MAexp7:	+0.42%
Price / MAexp20:	+0.38%
Price / MAexp50:	+0.28%
Price / MAexp100:	+0.45%

Quotes : - Real time data - Forex

News

The latest news and videos published on USD/SGD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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