JPY/SGD - 1H - Technical analysis published on 12/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 0.00993 SGD
My targets
0.00999 SGD (+0.00003)
0.01003 SGD (+0.00007)
My analysis
The bullish trend is currently very strong on JPY/SGD. As long as the price remains above the support at 0.00993 SGD, you could try to benefit from the boom. The first bullish objective is located at 0.00999 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.01003 SGD as an objective. Crossing it would then enable buyers to target 0.01006 SGD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/SGD rating is 0.00996 SGD. The price has increased by +0.20% since the last closing and was between 0.00993 SGD and 0.00996 SGD. This implies that the price is at +0.30% from its lowest and at 0% from its highest.0.00993
0.00996
0.00996
Here is a more detailed summary of the historical variations registered by JPY/SGD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of JPY/SGD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.00987 | 0.00993 | 0.00996 | 0.00996 | 0.00999 | 0.01003 | 0.01006 |
| Change (%) | -0.90% | -0.30% | 0% | - | +0.30% | +0.70% | +1.00% |
| Change | -0.00009 | -0.00003 | 0 | - | +0.00003 | +0.00007 | +0.00010 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00967 | 0.00975 | 0.00984 | 0.00992 | 0.01001 | 0.01009 | 0.01018 |
| Camarilla | 0.00989 | 0.00991 | 0.00992 | 0.00994 | 0.00996 | 0.00997 | 0.00999 |
| Woodie | 0.00969 | 0.00975 | 0.00986 | 0.00992 | 0.01003 | 0.01009 | 0.01020 |
| Fibonacci | 0.00975 | 0.00981 | 0.00985 | 0.00992 | 0.00998 | 0.01002 | 0.01009 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00960 | 0.00973 | 0.00982 | 0.00995 | 0.01004 | 0.01017 | 0.01026 |
| Camarilla | 0.00985 | 0.00987 | 0.00989 | 0.00991 | 0.00993 | 0.00995 | 0.00997 |
| Woodie | 0.00958 | 0.00972 | 0.00980 | 0.00994 | 0.01002 | 0.01016 | 0.01024 |
| Fibonacci | 0.00973 | 0.00981 | 0.00987 | 0.00995 | 0.01003 | 0.01009 | 0.01017 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00912 | 0.00931 | 0.00961 | 0.00980 | 0.01010 | 0.01029 | 0.01059 |
| Camarilla | 0.00977 | 0.00981 | 0.00986 | 0.00990 | 0.00995 | 0.00999 | 0.01004 |
| Woodie | 0.00917 | 0.00934 | 0.00966 | 0.00983 | 0.01015 | 0.01032 | 0.01064 |
| Fibonacci | 0.00931 | 0.00950 | 0.00962 | 0.00980 | 0.00999 | 0.01011 | 0.01029 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.14 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 15.91464 | |
| AROON (14): | -50.00000 | |
| DEMA (21): | 0.00996 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.00994 | |
| Elder Ray (13): | 0.00001 | |
| Super Trend (3,10): | 0.00990 | |
| Zig ZAG (10): | 0.00995 | |
| VORTEX (21): | 1.2222 | |
| Stochastique (14,3,5): | 56.67 | |
| TEMA (21): | 0.00997 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | -0.00001 | |
| Repulse (5,40,3): | 0.0419 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0306 | |
| Courbe Coppock: | 0.48 |
| MA7: | 0.00992 | |
| MA20: | 0.00990 | |
| MA50: | 0.00976 | |
| MA100: | 0.00991 | |
| MAexp7: | 0.00995 | |
| MAexp20: | 0.00993 | |
| MAexp50: | 0.00991 | |
| MAexp100: | 0.00991 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +0.61% | |
| Price / MA50: | +2.05% | |
| Price / MA100: | +0.50% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +0.50% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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