USD/SGD

- SGD (-)

- Real time data - Forex

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

Type:	Forex
Ticker:	USDSGD
ISIN:

USD/SGD - Daily - Technical analysis published on 08/23/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 1.3187 SGD

My targets

1.2847 SGD (-0.0185)

1.2365 SGD (-0.0667)

My analysis

The bearish trend is currently very strong for USD/SGD. As long as the price remains below the resistance at 1.3187 SGD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.2847 SGD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.2365 SGD as an objective. Crossing it would then enable sellers to target 1.2006 SGD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.5

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

Additional analysis

Quotes

The USD/SGD rating is 1.3032 SGD. The price is lower by -0.53% since the last closing and was traded between 1.3017 SGD and 1.3106 SGD over the period. The price is currently at +0.12% from its lowest and -0.56% from its highest.

1.3017

1.3106

1.3032

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 Central Records scanner for higher/lower results shows the following items:

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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 92.86% 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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2006	1.2365	1.2847	1.3032	1.3054	1.3187	1.3303
Change (%)	-7.87%	-5.12%	-1.42%	-	+0.17%	+1.19%	+2.08%
Change	-0.1026	-0.0667	-0.0185	-	+0.0022	+0.0155	+0.0271
Level	Minor	Minor	Minor	-	Major	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2993	1.3021	1.3061	1.3089	1.3129	1.3157	1.3197
Camarilla	1.3083	1.3090	1.3096	1.3102	1.3108	1.3115	1.3121
Woodie	1.3000	1.3024	1.3068	1.3092	1.3136	1.3160	1.3204
Fibonacci	1.3021	1.3047	1.3063	1.3089	1.3115	1.3131	1.3157

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3004	1.3073	1.3116	1.3185	1.3228	1.3297	1.3340
Camarilla	1.3129	1.3140	1.3150	1.3160	1.3170	1.3181	1.3191
Woodie	1.2992	1.3067	1.3104	1.3179	1.3216	1.3291	1.3328
Fibonacci	1.3073	1.3116	1.3142	1.3185	1.3228	1.3254	1.3297

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3046	1.3200	1.3282	1.3436	1.3518	1.3672	1.3754
Camarilla	1.3298	1.3320	1.3341	1.3363	1.3385	1.3406	1.3428
Woodie	1.3009	1.3182	1.3245	1.3418	1.3481	1.3654	1.3717
Fibonacci	1.3200	1.3291	1.3346	1.3436	1.3527	1.3582	1.3672

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):	25.49
MACD (12,26,9):	-0.0096
Directional Movement:	-26.8969
AROON (14):	-85.7143
DEMA (21):	1.3080
Parabolic SAR (0,02-0,02-0,2):	1.3151
Elder Ray (13):	-0.0088
Super Trend (3,10):	1.3236
Zig ZAG (10):	1.3032
VORTEX (21):	0.6929
Stochastique (14,3,5):	12.34
TEMA (21):	1.3037
Williams %R (14):	-94.53
Chande Momentum Oscillator (20):	-0.0236
Repulse (5,40,3):	-0.7629
ROCnROLL:	2
TRIX (15,9):	-0.0902
Courbe Coppock:	3.44

MA7:	1.3100
MA20:	1.3220
MA50:	1.3385
MA100:	1.3459
MAexp7:	1.3096
MAexp20:	1.3201
MAexp50:	1.3326
MAexp100:	1.3400
Price / MA7:	-0.52%
Price / MA20:	-1.42%
Price / MA50:	-2.64%
Price / MA100:	-3.17%
Price / MAexp7:	-0.49%
Price / MAexp20:	-1.28%
Price / MAexp50:	-2.21%
Price / MAexp100:	-2.75%

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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