CAD/SGD - 1H - Technical analysis published on 11/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 0.9612 SGD
My targets
0.9648 SGD (+0.0019)
0.9683 SGD (+0.0054)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.9612 SGD remains possible. It is advisable to trade CAD/SGD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.9612 SGD. The next bullish objective for buyers is set at 0.9648 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9683 SGD. If there is any crossing, the next objective would be the resistance located at 0.9873 SGD. PS: if there is a bearish break in the support located at 0.9612 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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 CAD/SGD rating is 0.9629 SGD. The price registered a decrease of -0.01% on the session with the lowest point at 0.9627 SGD and the highest point at 0.9638 SGD. The deviation from the price is +0.02% for the low point and -0.09% for the high point.0.9627
0.9638
0.9629
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/SGD in 1H shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9545 | 0.9562 | 0.9612 | 0.9629 | 0.9648 | 0.9683 | 0.9873 |
| Change (%) | -0.87% | -0.70% | -0.18% | - | +0.20% | +0.56% | +2.53% |
| Change | -0.0084 | -0.0067 | -0.0017 | - | +0.0019 | +0.0054 | +0.0244 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | 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 | 0.9563 | 0.9583 | 0.9607 | 0.9627 | 0.9651 | 0.9671 | 0.9695 |
| Camarilla | 0.9618 | 0.9622 | 0.9626 | 0.9630 | 0.9634 | 0.9638 | 0.9642 |
| Woodie | 0.9564 | 0.9584 | 0.9608 | 0.9628 | 0.9652 | 0.9672 | 0.9696 |
| Fibonacci | 0.9583 | 0.9600 | 0.9611 | 0.9627 | 0.9644 | 0.9655 | 0.9671 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9372 | 0.9442 | 0.9484 | 0.9554 | 0.9596 | 0.9666 | 0.9708 |
| Camarilla | 0.9496 | 0.9507 | 0.9517 | 0.9527 | 0.9537 | 0.9548 | 0.9558 |
| Woodie | 0.9359 | 0.9435 | 0.9471 | 0.9547 | 0.9583 | 0.9659 | 0.9695 |
| Fibonacci | 0.9442 | 0.9485 | 0.9511 | 0.9554 | 0.9597 | 0.9623 | 0.9666 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9245 | 0.9349 | 0.9410 | 0.9514 | 0.9575 | 0.9679 | 0.9740 |
| Camarilla | 0.9425 | 0.9440 | 0.9455 | 0.9470 | 0.9485 | 0.9500 | 0.9515 |
| Woodie | 0.9223 | 0.9338 | 0.9388 | 0.9503 | 0.9553 | 0.9668 | 0.9718 |
| Fibonacci | 0.9349 | 0.9412 | 0.9451 | 0.9514 | 0.9577 | 0.9616 | 0.9679 |
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): | 56.13 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | -6.6677 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 0.9638 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9645 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.9614 | |
| Zig ZAG (10): | 0.9631 | |
| VORTEX (21): | 1.1005 | |
| Stochastique (14,3,5): | 50.98 | |
| TEMA (21): | 0.9635 | |
| Williams %R (14): | -55.88 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | -0.0574 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0113 | |
| Courbe Coppock: | 0.18 |
| MA7: | 0.9585 | |
| MA20: | 0.9549 | |
| MA50: | 0.9538 | |
| MA100: | 0.9612 | |
| MAexp7: | 0.9632 | |
| MAexp20: | 0.9629 | |
| MAexp50: | 0.9614 | |
| MAexp100: | 0.9597 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +0.95% | |
| Price / MA100: | +0.18% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.33% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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