CAD/SGD

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Type:	Forex
Ticker:	CADSGD
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CAD/SGD - 1H - Technical analysis published on 11/22/2024 (GMT)

99
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11/22/2024 - 03:50
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Londinia

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Timeframe : 1H
- Analysis generated on 11/22/2024 - 03:50
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

3.8

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 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:

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 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

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 : 11/22/2024 - 03:50 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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