USD/SGD - 1H - Technical analysis published on 07/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 1.3273 SGD
My targets
1.3323 SGD (+0.0015)
1.3373 SGD (+0.0065)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.3273 SGD remains possible. It is advisable to trade USD/SGD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.3273 SGD. The next bullish objective for buyers is set at 1.3323 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3373 SGD. If there is any crossing, the next objective would be the resistance located at 1.3545 SGD. PS: if there is a bearish break in the support located at 1.3273 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/SGD rating is 1.3308 SGD. On the day, this instrument lost -0.01% and was traded between 1.3300 SGD and 1.3342 SGD over the period. The price is currently at +0.06% from its lowest and -0.25% from its highest.1.3300
1.3342
1.3308
A study of price movements over other periods shows the following variations:
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/SGD chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 10 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3213 | 1.3247 | 1.3273 | 1.3308 | 1.3311 | 1.3323 | 1.3373 |
| Change (%) | -0.71% | -0.46% | -0.26% | - | +0.02% | +0.11% | +0.49% |
| Change | -0.0095 | -0.0061 | -0.0035 | - | +0.0003 | +0.0015 | +0.0065 |
| Level | Major | Minor | Major | - | Minor | Intermediate | 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 | 1.3135 | 1.3174 | 1.3242 | 1.3281 | 1.3349 | 1.3388 | 1.3456 |
| Camarilla | 1.3280 | 1.3289 | 1.3299 | 1.3309 | 1.3319 | 1.3329 | 1.3338 |
| Woodie | 1.3149 | 1.3181 | 1.3256 | 1.3288 | 1.3363 | 1.3395 | 1.3470 |
| Fibonacci | 1.3174 | 1.3215 | 1.3241 | 1.3281 | 1.3322 | 1.3348 | 1.3388 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3080 | 1.3127 | 1.3217 | 1.3264 | 1.3354 | 1.3401 | 1.3491 |
| Camarilla | 1.3269 | 1.3282 | 1.3294 | 1.3307 | 1.3320 | 1.3332 | 1.3345 |
| Woodie | 1.3102 | 1.3138 | 1.3239 | 1.3275 | 1.3376 | 1.3412 | 1.3513 |
| Fibonacci | 1.3127 | 1.3179 | 1.3212 | 1.3264 | 1.3316 | 1.3349 | 1.3401 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3171 | 1.3262 | 1.3392 | 1.3483 | 1.3613 | 1.3704 | 1.3834 |
| Camarilla | 1.3462 | 1.3483 | 1.3503 | 1.3523 | 1.3543 | 1.3564 | 1.3584 |
| Woodie | 1.3192 | 1.3272 | 1.3413 | 1.3493 | 1.3634 | 1.3714 | 1.3855 |
| Fibonacci | 1.3262 | 1.3346 | 1.3398 | 1.3483 | 1.3567 | 1.3619 | 1.3704 |
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): | 51.77 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 4.1600 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.3324 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3336 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.3289 | |
| Zig ZAG (10): | 1.3310 | |
| VORTEX (21): | 1.0463 | |
| Stochastique (14,3,5): | 37.30 | |
| TEMA (21): | 1.3324 | |
| Williams %R (14): | -76.19 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | -0.0665 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0139 | |
| Courbe Coppock: | 0.08 |
| MA7: | 1.3293 | |
| MA20: | 1.3343 | |
| MA50: | 1.3421 | |
| MA100: | 1.3380 | |
| MAexp7: | 1.3316 | |
| MAexp20: | 1.3311 | |
| MAexp50: | 1.3296 | |
| MAexp100: | 1.3286 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | -0.26% | |
| Price / MA50: | -0.84% | |
| Price / MA100: | -0.54% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.17% |
Quotes :
-
Real time data
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Forex
News
The last news published on USD/SGD at the time of the generation of this analysis was as follows:
-
USD/SGD and USD/ZAR Forecast May 17, 2022
-
USD/SGD and USD/ZAR Forecast February 28, 2022
-
USD/SGD and USD/ZAR Forecast February 9, 2022
-
USD/SGD "To Hit 2009 Highs"
-
USD/SGD Weakening Trend
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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