CAD/SGD
CAD SGD
- SGD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADSGD
ISIN:

CAD/SGD - 1H - Technical analysis published on 01/15/2025 (GMT)

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

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.9510 SGD
My targets
0.9541 SGD (+0.0010)
0.9562 SGD (+0.0031)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/SGD as long as the price remains well above 0.9510 SGD. The buyers' bullish objective is set at 0.9541 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.9562 SGD. If there is any crossing, the next objective would be the resistance located at 0.9632 SGD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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
0
10
8.6

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/SGD rating 0.9531 SGD. The price registered an increase of +0.04% on the session and was between 0.9523 SGD and 0.9533 SGD. This implies that the price is at +0.08% from its lowest and at -0.02% from its highest.

0.9523
0.9533
0.9531

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 1H of this CAD/SGD chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.9483 0.9496 0.9510 0.9531 0.9533 0.9541 0.9549
Change (%) -0.50% -0.37% -0.22% - +0.02% +0.10% +0.19%
Change -0.0048 -0.0035 -0.0021 - +0.0002 +0.0010 +0.0018
Level Intermediate Minor Intermediate - Intermediate Minor 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
Standard0.94870.94980.95130.95240.95390.95500.9565
Camarilla0.95200.95220.95250.95270.95290.95320.9534
Woodie0.94880.94990.95140.95250.95400.95510.9566
Fibonacci0.94980.95080.95140.95240.95340.95400.9550


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.94010.94340.94740.95070.95470.95800.9620
Camarilla0.94930.95000.95060.95130.95200.95260.9533
Woodie0.94040.94360.94770.95090.95500.95820.9623
Fibonacci0.94340.94620.94790.95070.95350.95520.9580


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.91980.93000.93950.94970.95920.96940.9789
Camarilla0.94370.94550.94730.94910.95090.95270.9545
Woodie0.91960.92980.93930.94950.95900.96920.9787
Fibonacci0.93000.93750.94210.94970.95720.96180.9694

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): 57.50
MACD (12,26,9): 0.0001
Directional Movement: 17.9567
AROON (14): 57.1429
DEMA (21): 0.9526
Parabolic SAR (0,02-0,02-0,2): 0.9512
Elder Ray (13): 0.0004
Super Trend (3,10): 0.9506
Zig ZAG (10): 0.9532
VORTEX (21): 1.0107
Stochastique (14,3,5): 67.95
TEMA (21): 0.9527
Williams %R (14): -19.23
Chande Momentum Oscillator (20): 0.0016
Repulse (5,40,3): 0.0986
ROCnROLL: 1
TRIX (15,9): 0.0008
Courbe Coppock: 0.09
MA7: 0.9516
MA20: 0.9480
MA50: 0.9520
MA100: 0.9538
MAexp7: 0.9527
MAexp20: 0.9525
MAexp50: 0.9522
MAexp100: 0.9517
Price / MA7: +0.16%
Price / MA20: +0.54%
Price / MA50: +0.12%
Price / MA100: -0.07%
Price / MAexp7: +0.04%
Price / MAexp20: +0.06%
Price / MAexp50: +0.09%
Price / MAexp100: +0.15%

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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