CAD/SGD

- SGD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	CADSGD
ISIN:

CAD/SGD - 1H - Technical analysis published on 02/12/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

56%

44%

My opinion

Bullish above 0.9969 SGD

My targets

1.0014 SGD (+0.0018)

1.0027 SGD (+0.0031)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/SGD. As long as you are above the support located at 0.9969 SGD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.0014 SGD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.0027 SGD as an objective. Crossing it would then enable buyers to target 1.0074 SGD. If the support 0.9969 SGD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

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

Force

4.5

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

Additional analysis

Quotes

CAD/SGD rating 0.9996 SGD. The price registered a decrease of -0.03% on the session with the lowest point at 0.9980 SGD and the highest point at 1.0013 SGD. The deviation from the price is +0.16% for the low point and -0.17% for the high point.

0.9980

1.0013

0.9996

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 CAD/SGD:

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 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 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, 10 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

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

Near support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9958	0.9969	0.9989	0.9996	1.0001	1.0014	1.0027
Change (%)	-0.38%	-0.27%	-0.07%	-	+0.05%	+0.18%	+0.31%
Change	-0.0038	-0.0027	-0.0007	-	+0.0005	+0.0018	+0.0031
Level	Major	Intermediate	Intermediate	-	Intermediate	Minor	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	0.9945	0.9967	0.9983	1.0005	1.0021	1.0043	1.0059
Camarilla	0.9989	0.9992	0.9996	0.9999	1.0003	1.0006	1.0010
Woodie	0.9942	0.9966	0.9980	1.0004	1.0018	1.0042	1.0056
Fibonacci	0.9967	0.9982	0.9991	1.0005	1.0020	1.0029	1.0043

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9860	0.9899	0.9949	0.9988	1.0038	1.0077	1.0127
Camarilla	0.9975	0.9983	0.9991	0.9999	1.0007	1.0015	1.0024
Woodie	0.9866	0.9902	0.9955	0.9991	1.0044	1.0080	1.0133
Fibonacci	0.9899	0.9933	0.9954	0.9988	1.0022	1.0043	1.0077

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9808	0.9853	0.9916	0.9961	1.0024	1.0069	1.0132
Camarilla	0.9949	0.9959	0.9969	0.9979	0.9989	0.9999	1.0009
Woodie	0.9817	0.9858	0.9925	0.9966	1.0033	1.0074	1.0141
Fibonacci	0.9853	0.9894	0.9920	0.9961	1.0002	1.0028	1.0069

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	50.38
MACD (12,26,9):	0.0000
Directional Movement:	2.7740
AROON (14):	28.5714
DEMA (21):	0.9995
Parabolic SAR (0,02-0,02-0,2):	0.9988
Elder Ray (13):	-0.0001
Super Trend (3,10):	0.9981
Zig ZAG (10):	0.9996
VORTEX (21):	0.9923
Stochastique (14,3,5):	65.38
TEMA (21):	0.9996
Williams %R (14):	-38.46
Chande Momentum Oscillator (20):	0.0008
Repulse (5,40,3):	-0.0262
ROCnROLL:	1
TRIX (15,9):	-0.0019
Courbe Coppock:	0.08

MA7:	0.9981
MA20:	0.9971
MA50:	0.9948
MA100:	0.9942
MAexp7:	0.9997
MAexp20:	0.9995
MAexp50:	0.9995
MAexp100:	0.9990
Price / MA7:	+0.15%
Price / MA20:	+0.25%
Price / MA50:	+0.48%
Price / MA100:	+0.54%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.01%
Price / MAexp50:	+0.01%
Price / MAexp100:	+0.06%

Quotes : - Real time data - Forex

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

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Londinia AI

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