JPY/SGD

- SGD (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	JPYSGD
ISIN:

JPY/SGD - Daily - Technical analysis published on 08/29/2023 (GMT)

Londinia

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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 0.00934 SGD

My targets

0.00911 SGD (-0.00015)

0.00891 SGD (-0.00035)

My analysis

The bearish trend is currently very strong for JPY/SGD. As long as the price remains below the resistance at 0.00934 SGD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.00911 SGD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.00891 SGD as an objective. 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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The JPY/SGD rating is 0.00926 SGD. The price registered an increase of +0.11% on the session and was traded between 0.00925 SGD and 0.00926 SGD over the period. The price is currently at +0.11% from its lowest and 0% from its highest.

0.00925

0.00926

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of JPY/SGD in Daily shows a overall strongly 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

Support of channel is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.00926	0.00934	0.00949	0.00961
Change (%)	-	+0.86%	+2.48%	+3.78%
Change	-	+0.00008	+0.00023	+0.00035
Level	-	Intermediate	Intermediate	Minor

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	0.00921	0.00922	0.00924	0.00925	0.00927	0.00928	0.00930
Camarilla	0.00924	0.00925	0.00925	0.00925	0.00925	0.00926	0.00926
Woodie	0.00921	0.00922	0.00924	0.00925	0.00927	0.00928	0.00930
Fibonacci	0.00922	0.00924	0.00924	0.00925	0.00927	0.00927	0.00928

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.00913	0.00920	0.00923	0.00930	0.00933	0.00940	0.00943
Camarilla	0.00924	0.00925	0.00926	0.00927	0.00928	0.00929	0.00930
Woodie	0.00912	0.00919	0.00922	0.00929	0.00932	0.00939	0.00942
Fibonacci	0.00920	0.00924	0.00926	0.00930	0.00934	0.00936	0.00940

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.00891	0.00911	0.00923	0.00943	0.00955	0.00975	0.00987
Camarilla	0.00925	0.00928	0.00931	0.00934	0.00937	0.00940	0.00943
Woodie	0.00886	0.00909	0.00918	0.00941	0.00950	0.00973	0.00982
Fibonacci	0.00911	0.00924	0.00931	0.00943	0.00956	0.00963	0.00975

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):	39.23
MACD (12,26,9):	0.0000
Directional Movement:	-7.28139
AROON (14):	-92.85714
DEMA (21):	0.00927
Parabolic SAR (0,02-0,02-0,2):	0.00936
Elder Ray (13):	-0.00006
Super Trend (3,10):	0.00942
Zig ZAG (10):	0.00926
VORTEX (21):	0.9397
Stochastique (14,3,5):	8.47
TEMA (21):	0.00926
Williams %R (14):	-85.71
Chande Momentum Oscillator (20):	-0.00007
Repulse (5,40,3):	-0.1931
ROCnROLL:	2
TRIX (15,9):	-0.0626
Courbe Coppock:	1.98

MA7:	0.00929
MA20:	0.00933
MA50:	0.00940
MA100:	0.00958
MAexp7:	0.00928
MAexp20:	0.00933
MAexp50:	0.00942
MAexp100:	0.00955
Price / MA7:	-0.32%
Price / MA20:	-0.75%
Price / MA50:	-1.49%
Price / MA100:	-3.34%
Price / MAexp7:	-0.22%
Price / MAexp20:	-0.75%
Price / MAexp50:	-1.70%
Price / MAexp100:	-3.04%

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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