CAD/SGD - 1H - Technical analysis published on 12/05/2023 (GMT)
- 108
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.9868 SGD
My targets
0.9894 SGD (+0.0016)
0.9910 SGD (+0.0032)
My analysis
A bullish trend on CAD/SGD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.9868 SGD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.9894 SGD. Then the price could move towards 0.9910 SGD. Then 0.9958 SGD by extension. Be careful, a return below 0.9868 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.5
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/SGD rating 0.9878 SGD. The price is lower by -0.02% since the last closing and was between 0.9867 SGD and 0.9881 SGD. This implies that the price is at +0.11% from its lowest and at -0.03% from its highest.0.9867
0.9881
0.9878
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/SGD indicates that the overall trend is bullish. The signals given by moving averages are 78.57% 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:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
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 | 0.9829 | 0.9852 | 0.9868 | 0.9878 | 0.9894 | 0.9910 | 0.9958 |
| Change (%) | -0.50% | -0.26% | -0.10% | - | +0.16% | +0.32% | +0.81% |
| Change | -0.0049 | -0.0026 | -0.0010 | - | +0.0016 | +0.0032 | +0.0080 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Major |
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 | 0.9811 | 0.9831 | 0.9855 | 0.9875 | 0.9899 | 0.9919 | 0.9943 |
| Camarilla | 0.9868 | 0.9872 | 0.9876 | 0.9880 | 0.9884 | 0.9888 | 0.9892 |
| Woodie | 0.9814 | 0.9832 | 0.9858 | 0.9876 | 0.9902 | 0.9920 | 0.9946 |
| Fibonacci | 0.9831 | 0.9848 | 0.9858 | 0.9875 | 0.9892 | 0.9902 | 0.9919 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9696 | 0.9745 | 0.9813 | 0.9862 | 0.9930 | 0.9979 | 1.0047 |
| Camarilla | 0.9850 | 0.9861 | 0.9871 | 0.9882 | 0.9893 | 0.9904 | 0.9914 |
| Woodie | 0.9707 | 0.9750 | 0.9824 | 0.9867 | 0.9941 | 0.9984 | 1.0058 |
| Fibonacci | 0.9745 | 0.9789 | 0.9817 | 0.9862 | 0.9906 | 0.9934 | 0.9979 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9537 | 0.9631 | 0.9747 | 0.9841 | 0.9957 | 1.0051 | 1.0167 |
| Camarilla | 0.9804 | 0.9824 | 0.9843 | 0.9862 | 0.9881 | 0.9901 | 0.9920 |
| Woodie | 0.9547 | 0.9637 | 0.9757 | 0.9847 | 0.9967 | 1.0057 | 1.0177 |
| Fibonacci | 0.9631 | 0.9712 | 0.9761 | 0.9841 | 0.9922 | 0.9971 | 1.0051 |
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): | 53.98 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -1.8791 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 0.9876 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9893 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.9853 | |
| Zig ZAG (10): | 0.9877 | |
| VORTEX (21): | 1.1158 | |
| Stochastique (14,3,5): | 31.19 | |
| TEMA (21): | 0.9873 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.0007 | |
| Repulse (5,40,3): | 0.0263 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0006 | |
| Courbe Coppock: | 0.13 |
| MA7: | 0.9848 | |
| MA20: | 0.9828 | |
| MA50: | 0.9920 | |
| MA100: | 0.9982 | |
| MAexp7: | 0.9875 | |
| MAexp20: | 0.9875 | |
| MAexp50: | 0.9871 | |
| MAexp100: | 0.9857 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | -0.42% | |
| Price / MA100: | -1.04% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.21% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CAD/SGD - 1H