AUD/SGD - Daily - Technical analysis published on 11/17/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 0.8829 SGD
My targets
0.8620 SGD (-0.0102)
0.8337 SGD (-0.0385)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.8829 SGD remains possible. It is advisable to trade AUD/SGD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.8829 SGD. The next bearish objective for sellers is set at 0.8620 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8337 SGD. PS: if there is a bullish break in the resistance located at 0.8829 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.3
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This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/SGD rating is 0.8722 SGD. On the day, this instrument gained +0.09% and was between 0.8704 SGD and 0.8730 SGD. This implies that the price is at +0.21% from its lowest and at -0.09% from its highest.0.8704
0.8730
0.8722
A study of price movements over other periods shows the following variations:
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
Technical
Technical analysis of AUD/SGD in Daily shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
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
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.8337 | 0.8620 | 0.8722 | 0.8829 | 0.8985 | 0.9156 |
| Change (%) | -4.41% | -1.17% | - | +1.23% | +3.02% | +4.98% |
| Change | -0.0385 | -0.0102 | - | +0.0107 | +0.0263 | +0.0434 |
| Level | Major | Major | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8595 | 0.8652 | 0.8683 | 0.8740 | 0.8771 | 0.8828 | 0.8859 |
| Camarilla | 0.8690 | 0.8698 | 0.8706 | 0.8714 | 0.8722 | 0.8730 | 0.8738 |
| Woodie | 0.8582 | 0.8646 | 0.8670 | 0.8734 | 0.8758 | 0.8822 | 0.8846 |
| Fibonacci | 0.8652 | 0.8686 | 0.8706 | 0.8740 | 0.8774 | 0.8794 | 0.8828 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8388 | 0.8508 | 0.8581 | 0.8701 | 0.8774 | 0.8894 | 0.8967 |
| Camarilla | 0.8601 | 0.8619 | 0.8636 | 0.8654 | 0.8672 | 0.8689 | 0.8707 |
| Woodie | 0.8365 | 0.8496 | 0.8558 | 0.8689 | 0.8751 | 0.8882 | 0.8944 |
| Fibonacci | 0.8508 | 0.8582 | 0.8627 | 0.8701 | 0.8775 | 0.8820 | 0.8894 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8394 | 0.8502 | 0.8591 | 0.8699 | 0.8788 | 0.8896 | 0.8985 |
| Camarilla | 0.8625 | 0.8643 | 0.8661 | 0.8679 | 0.8697 | 0.8715 | 0.8733 |
| Woodie | 0.8384 | 0.8497 | 0.8581 | 0.8694 | 0.8778 | 0.8891 | 0.8975 |
| Fibonacci | 0.8502 | 0.8578 | 0.8624 | 0.8699 | 0.8775 | 0.8821 | 0.8896 |
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): | 50.54 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 5.8977 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 0.8719 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8635 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 0.8831 | |
| Zig ZAG (10): | 0.8723 | |
| VORTEX (21): | 1.0433 | |
| Stochastique (14,3,5): | 57.79 | |
| TEMA (21): | 0.8731 | |
| Williams %R (14): | -52.26 | |
| Chande Momentum Oscillator (20): | -0.0052 | |
| Repulse (5,40,3): | -0.1254 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0006 | |
| Courbe Coppock: | 0.61 |
| MA7: | 0.8711 | |
| MA20: | 0.8711 | |
| MA50: | 0.8725 | |
| MA100: | 0.8787 | |
| MAexp7: | 0.8725 | |
| MAexp20: | 0.8717 | |
| MAexp50: | 0.8731 | |
| MAexp100: | 0.8782 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | -0.03% | |
| Price / MA100: | -0.74% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.10% | |
| Price / MAexp100: | -0.68% |
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.
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