CAD/SGD - 1H - Technical analysis published on 07/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 1.0057 SGD
My targets
1.0024 SGD (-0.0016)
1.0010 SGD (-0.0030)
My analysis
The bearish basic trend is very strong on CAD/SGD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.0057 SGD. Crossing the first support at 1.0024 SGD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.0010 SGD as an objective. Crossing it would then enable sellers to target 0.9984 SGD. Caution, a return to above the resistance located at 1.0057 SGD would be a sign of a possible consolidation phase of the short-term basic trend. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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Additional analysis
Quotes
The CAD/SGD rating is 1.0040 SGD. The price is lower by -0.01% since the last closing with the lowest point at 1.0034 SGD and the highest point at 1.0049 SGD. The deviation from the price is +0.06% for the low point and -0.09% for the high point.1.0034
1.0049
1.0040
A study of price movements over other periods shows the following variations:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/SGD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
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 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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9984 | 1.0010 | 1.0024 | 1.0040 | 1.0057 | 1.0085 | 1.0106 |
| Change (%) | -0.56% | -0.30% | -0.16% | - | +0.17% | +0.45% | +0.66% |
| Change | -0.0056 | -0.0030 | -0.0016 | - | +0.0017 | +0.0045 | +0.0066 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
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 | 0.9962 | 0.9993 | 1.0017 | 1.0048 | 1.0072 | 1.0103 | 1.0127 |
| Camarilla | 1.0026 | 1.0031 | 1.0036 | 1.0041 | 1.0046 | 1.0051 | 1.0056 |
| Woodie | 0.9959 | 0.9991 | 1.0014 | 1.0046 | 1.0069 | 1.0101 | 1.0124 |
| Fibonacci | 0.9993 | 1.0014 | 1.0027 | 1.0048 | 1.0069 | 1.0082 | 1.0103 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9874 | 0.9929 | 0.9996 | 1.0051 | 1.0118 | 1.0173 | 1.0240 |
| Camarilla | 1.0030 | 1.0041 | 1.0052 | 1.0063 | 1.0074 | 1.0085 | 1.0097 |
| Woodie | 0.9880 | 0.9932 | 1.0002 | 1.0054 | 1.0124 | 1.0176 | 1.0246 |
| Fibonacci | 0.9929 | 0.9976 | 1.0004 | 1.0051 | 1.0098 | 1.0126 | 1.0173 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9669 | 0.9812 | 1.0014 | 1.0157 | 1.0359 | 1.0502 | 1.0704 |
| Camarilla | 1.0120 | 1.0152 | 1.0183 | 1.0215 | 1.0247 | 1.0278 | 1.0310 |
| Woodie | 0.9698 | 0.9827 | 1.0043 | 1.0172 | 1.0388 | 1.0517 | 1.0733 |
| Fibonacci | 0.9812 | 0.9944 | 1.0026 | 1.0157 | 1.0289 | 1.0371 | 1.0502 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.60 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -7.2781 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.0033 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0030 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.0064 | |
| Zig ZAG (10): | 1.0038 | |
| VORTEX (21): | 0.8661 | |
| Stochastique (14,3,5): | 50.57 | |
| TEMA (21): | 1.0033 | |
| Williams %R (14): | -51.72 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | -0.0422 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0137 | |
| Courbe Coppock: | 0.10 |
| MA7: | 1.0066 | |
| MA20: | 1.0101 | |
| MA50: | 1.0086 | |
| MA100: | 0.9967 | |
| MAexp7: | 1.0039 | |
| MAexp20: | 1.0043 | |
| MAexp50: | 1.0057 | |
| MAexp100: | 1.0065 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | -0.46% | |
| Price / MA100: | +0.73% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.25% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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