USD/SGD

- SGD (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	USDSGD
ISIN:

USD/SGD - Daily - Technical analysis published on 12/03/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

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Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 1.3706 SGD

My targets

1.3178 SGD (-0.0340)

1.2847 SGD (-0.0671)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/SGD as long as the price remains well below 1.3706 SGD. The sellers' bearish objective is set at 1.3178 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2847 SGD. In case of crossing, the next objective would be the support located at 1.2365 SGD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.1

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

Additional analysis

Quotes

The USD/SGD rating is 1.3518 SGD. The price registered a decrease of -0.14% on the session and was between 1.3487 SGD and 1.3600 SGD. This implies that the price is at +0.23% from its lowest and at -0.60% from its highest.

1.3487

1.3600

1.3518

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this USD/SGD chart shows a sharp bearish trend. The signals given by moving averages are 89.29% 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.

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2847	1.3178	1.3468	1.3518	1.3706	1.3855	1.3963
Change (%)	-4.96%	-2.52%	-0.37%	-	+1.39%	+2.49%	+3.29%
Change	-0.0671	-0.0340	-0.0050	-	+0.0188	+0.0337	+0.0445
Level	Minor	Minor	Major	-	Major	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3357	1.3422	1.3470	1.3535	1.3583	1.3648	1.3696
Camarilla	1.3487	1.3497	1.3508	1.3518	1.3528	1.3539	1.3549
Woodie	1.3349	1.3418	1.3462	1.3531	1.3575	1.3644	1.3688
Fibonacci	1.3422	1.3465	1.3492	1.3535	1.3578	1.3605	1.3648

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3089	1.3288	1.3403	1.3602	1.3717	1.3916	1.4031
Camarilla	1.3432	1.3460	1.3489	1.3518	1.3547	1.3576	1.3604
Woodie	1.3047	1.3267	1.3361	1.3581	1.3675	1.3895	1.3989
Fibonacci	1.3288	1.3408	1.3482	1.3602	1.3722	1.3796	1.3916

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2719	1.3154	1.3374	1.3809	1.4029	1.4464	1.4684
Camarilla	1.3414	1.3474	1.3534	1.3594	1.3654	1.3714	1.3774
Woodie	1.2612	1.3100	1.3267	1.3755	1.3922	1.4410	1.4577
Fibonacci	1.3154	1.3404	1.3559	1.3809	1.4059	1.4214	1.4464

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):	24.87
MACD (12,26,9):	-0.0123
Directional Movement:	-20.3568
AROON (14):	-50.0000
DEMA (21):	1.3616
Parabolic SAR (0,02-0,02-0,2):	1.3840
Elder Ray (13):	-0.0165
Super Trend (3,10):	1.3841
Zig ZAG (10):	1.3518
VORTEX (21):	0.6976
Stochastique (14,3,5):	5.34
TEMA (21):	1.3562
Williams %R (14):	-91.67
Chande Momentum Oscillator (20):	-0.0182
Repulse (5,40,3):	-1.3329
ROCnROLL:	2
TRIX (15,9):	-0.1182
Courbe Coppock:	2.69

MA7:	1.3674
MA20:	1.3765
MA50:	1.4053
MA100:	1.3992
MAexp7:	1.3639
MAexp20:	1.3775
MAexp50:	1.3924
MAexp100:	1.3950
Price / MA7:	-1.14%
Price / MA20:	-1.79%
Price / MA50:	-3.81%
Price / MA100:	-3.39%
Price / MAexp7:	-0.89%
Price / MAexp20:	-1.87%
Price / MAexp50:	-2.92%
Price / MAexp100:	-3.10%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on USD/SGD. At the time of publication of this analysis, the latest news was as follows:

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

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