NZD/SGD

- SGD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NZDSGD
ISIN:

NZD/SGD - 1H - Technical analysis published on 02/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 0.8235 SGD

My targets

0.8281 SGD (+0.0037)

0.8377 SGD (+0.0133)

My analysis

NZD/SGD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.8235 SGD. The next resistance located at 0.8281 SGD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.8377 SGD. After this resistance, buyers could then target 0.8456 SGD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

9.1

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

Additional analysis

Quotes

The NZD/SGD price is 0.8244 SGD. The price has increased by +0.12% since the last closing with the lowest point at 0.8225 SGD and the highest point at 0.8245 SGD. The deviation from the price is +0.23% for the low point and -0.01% for the high point.

0.8225

0.8245

0.8244

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

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

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of NZD/SGD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8208	0.8226	0.8235	0.8244	0.8251	0.8281	0.8377
Change (%)	-0.44%	-0.22%	-0.11%	-	+0.08%	+0.45%	+1.61%
Change	-0.0036	-0.0018	-0.0009	-	+0.0007	+0.0037	+0.0133
Level	Minor	Major	Minor	-	Minor	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	0.8167	0.8181	0.8207	0.8221	0.8247	0.8261	0.8287
Camarilla	0.8223	0.8227	0.8230	0.8234	0.8238	0.8241	0.8245
Woodie	0.8174	0.8184	0.8214	0.8224	0.8254	0.8264	0.8294
Fibonacci	0.8181	0.8196	0.8205	0.8221	0.8236	0.8245	0.8261

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7995	0.8067	0.8106	0.8178	0.8217	0.8289	0.8328
Camarilla	0.8114	0.8124	0.8134	0.8144	0.8154	0.8164	0.8175
Woodie	0.7978	0.8059	0.8089	0.8170	0.8200	0.8281	0.8311
Fibonacci	0.8067	0.8110	0.8136	0.8178	0.8221	0.8247	0.8289

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7885	0.8011	0.8103	0.8229	0.8321	0.8447	0.8539
Camarilla	0.8134	0.8154	0.8174	0.8194	0.8214	0.8234	0.8254
Woodie	0.7867	0.8003	0.8085	0.8221	0.8303	0.8439	0.8521
Fibonacci	0.8011	0.8095	0.8146	0.8229	0.8313	0.8364	0.8447

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):	74.32
MACD (12,26,9):	0.0005
Directional Movement:	19.5543
AROON (14):	78.5714
DEMA (21):	0.8219
Parabolic SAR (0,02-0,02-0,2):	0.8198
Elder Ray (13):	0.0017
Super Trend (3,10):	0.8199
Zig ZAG (10):	0.8238
VORTEX (21):	1.0365
Stochastique (14,3,5):	91.03
TEMA (21):	0.8220
Williams %R (14):	-4.26
Chande Momentum Oscillator (20):	0.0039
Repulse (5,40,3):	0.5065
ROCnROLL:	1
TRIX (15,9):	0.0035
Courbe Coppock:	0.21

MA7:	0.8199
MA20:	0.8201
MA50:	0.8255
MA100:	0.8170
MAexp7:	0.8222
MAexp20:	0.8213
MAexp50:	0.8204
MAexp100:	0.8196
Price / MA7:	+0.55%
Price / MA20:	+0.52%
Price / MA50:	-0.13%
Price / MA100:	+0.91%
Price / MAexp7:	+0.28%
Price / MAexp20:	+0.39%
Price / MAexp50:	+0.50%
Price / MAexp100:	+0.60%

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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