JPY/SGD

- SGD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	JPYSGD
ISIN:

JPY/SGD - Daily - Technical analysis published on 07/28/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 0.01034 SGD

My targets

0.01004 SGD (-0.00017)

0.00984 SGD (-0.00037)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on JPY/SGD. As long as you are under the resistance located at 0.01034 SGD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.01004 SGD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.00984 SGD as an objective. Crossing it would then enable sellers to target 0.00954 SGD. If the resistance 0.01034 SGD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

2.3

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 JPY/SGD price is 0.01021 SGD. The price has increased by +0.49% since the last closing with the lowest point at 0.01014 SGD and the highest point at 0.01023 SGD. The deviation from the price is +0.69% for the low point and -0.20% for the high point.

0.01014

0.01023

0.01021

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 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

Technical analysis of this Daily chart of JPY/SGD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.01017	0.01021	0.01058	0.01184	0.01203
Change (%)	-0.39%	-	+3.62%	+15.96%	+17.83%
Change	-0.00004	-	+0.00037	+0.00163	+0.00182
Level	Intermediate	-	Minor	Intermediate	Major

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	0.01006	0.01008	0.01012	0.01014	0.01018	0.01020	0.01024
Camarilla	0.01014	0.01015	0.01016	0.01016	0.01017	0.01017	0.01018
Woodie	0.01007	0.01009	0.01013	0.01015	0.01019	0.01021	0.01025
Fibonacci	0.01008	0.01010	0.01012	0.01014	0.01016	0.01018	0.01020

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.00989	0.00996	0.01008	0.01015	0.01027	0.01034	0.01046
Camarilla	0.01015	0.01017	0.01018	0.01020	0.01022	0.01024	0.01025
Woodie	0.00992	0.00997	0.01011	0.01016	0.01030	0.01035	0.01049
Fibonacci	0.00996	0.01003	0.01008	0.01015	0.01022	0.01027	0.01034

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.00954	0.00984	0.01004	0.01034	0.01054	0.01084	0.01104
Camarilla	0.01010	0.01015	0.01019	0.01024	0.01029	0.01033	0.01038
Woodie	0.00949	0.00982	0.00999	0.01032	0.01049	0.01082	0.01099
Fibonacci	0.00984	0.01003	0.01015	0.01034	0.01053	0.01065	0.01084

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	48.74
MACD (12,26,9):	-0.0001
Directional Movement:	-0.12228
AROON (14):	-64.28571
DEMA (21):	0.01012
Parabolic SAR (0,02-0,02-0,2):	0.01026
Elder Ray (13):	0.00002
Super Trend (3,10):	0.01034
Zig ZAG (10):	0.01021
VORTEX (21):	0.9899
Stochastique (14,3,5):	45.67
TEMA (21):	0.01014
Williams %R (14):	-35.71
Chande Momentum Oscillator (20):	-0.00008
Repulse (5,40,3):	0.9541
ROCnROLL:	-1
TRIX (15,9):	-0.0899
Courbe Coppock:	2.51

MA7:	0.01015
MA20:	0.01020
MA50:	0.01034
MA100:	0.01063
MAexp7:	0.01017
MAexp20:	0.01020
MAexp50:	0.01035
MAexp100:	0.01064
Price / MA7:	+0.59%
Price / MA20:	+0.10%
Price / MA50:	-1.26%
Price / MA100:	-3.95%
Price / MAexp7:	+0.39%
Price / MAexp20:	+0.10%
Price / MAexp50:	-1.35%
Price / MAexp100:	-4.04%

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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Londinia AI

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