NZD/SGD

- SGD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NZDSGD
ISIN:

NZD/SGD - Daily - Technical analysis published on 10/06/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

61%

17%

22%

My opinion

Bullish above 0.8078 SGD

My targets

0.8226 SGD (+0.0076)

0.8456 SGD (+0.0306)

My analysis

The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NZD/SGD as long as the price remains well above 0.8078 SGD. The buyers' bullish objective is set at 0.8226 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8456 SGD. If there is any crossing, the next objective would be the resistance located at 0.8571 SGD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.8226 SGD. On this resistance, against the trend traders who would like to go short on NZD/SGD with a bearish signal from their trading strategy, should not hesitate to act.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.1

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 arvind0134. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NZD/SGD rating is 0.8150 SGD. On the day, this instrument lost -0.10% and was traded between 0.8142 SGD and 0.8168 SGD over the period. The price is currently at +0.10% from its lowest and -0.22% from its highest.

0.8142

0.8168

0.8150

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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

A technical analysis in Daily of this NZD/SGD chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8005	0.8078	0.8142	0.8150	0.8226	0.8456	0.8571
Change (%)	-1.78%	-0.88%	-0.10%	-	+0.93%	+3.75%	+5.17%
Change	-0.0145	-0.0072	-0.0008	-	+0.0076	+0.0306	+0.0421
Level	Major	Intermediate	Major	-	Major	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8071	0.8090	0.8124	0.8143	0.8177	0.8196	0.8230
Camarilla	0.8143	0.8148	0.8153	0.8158	0.8163	0.8168	0.8173
Woodie	0.8079	0.8094	0.8132	0.8147	0.8185	0.8200	0.8238
Fibonacci	0.8090	0.8110	0.8123	0.8143	0.8163	0.8176	0.8196

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7985	0.8045	0.8119	0.8179	0.8253	0.8313	0.8387
Camarilla	0.8156	0.8168	0.8181	0.8193	0.8205	0.8218	0.8230
Woodie	0.7992	0.8049	0.8126	0.8183	0.8260	0.8317	0.8394
Fibonacci	0.8045	0.8096	0.8128	0.8179	0.8230	0.8262	0.8313

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7780	0.7881	0.8037	0.8138	0.8294	0.8395	0.8551
Camarilla	0.8122	0.8146	0.8169	0.8193	0.8217	0.8240	0.8264
Woodie	0.7808	0.7895	0.8065	0.8152	0.8322	0.8409	0.8579
Fibonacci	0.7881	0.7979	0.8040	0.8138	0.8236	0.8297	0.8395

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):	55.87
MACD (12,26,9):	0.0018
Directional Movement:	6.8204
AROON (14):	64.2857
DEMA (21):	0.8140
Parabolic SAR (0,02-0,02-0,2):	0.8223
Elder Ray (13):	0.0023
Super Trend (3,10):	0.8032
Zig ZAG (10):	0.8149
VORTEX (21):	1.1352
Stochastique (14,3,5):	49.65
TEMA (21):	0.8168
Williams %R (14):	-51.14
Chande Momentum Oscillator (20):	0.0055
Repulse (5,40,3):	0.1692
ROCnROLL:	1
TRIX (15,9):	0.0267
Courbe Coppock:	2.05

MA7:	0.8150
MA20:	0.8112
MA50:	0.8096
MA100:	0.8188
MAexp7:	0.8143
MAexp20:	0.8120
MAexp50:	0.8127
MAexp100:	0.8175
Price / MA7:	-0%
Price / MA20:	+0.47%
Price / MA50:	+0.67%
Price / MA100:	-0.46%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.37%
Price / MAexp50:	+0.28%
Price / MAexp100:	-0.31%

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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