JPY/SGD - 1H - Technical analysis published on 05/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.00975 SGD
My targets
0.00972 SGD (-0.00002)
0.00964 SGD (-0.00010)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.00975 SGD remains possible. It is advisable to trade JPY/SGD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.00975 SGD. The next bearish objective for sellers is set at 0.00972 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.00964 SGD. In case of crossing, the next objective would be the support located at 0.00956 SGD. PS: if there is a bullish break in the resistance located at 0.00975 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
0
10
2.7
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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 price is 0.00974 SGD. The price registered an increase of +0.21% on the session and was between 0.00972 SGD and 0.00974 SGD. This implies that the price is at +0.21% from its lowest and at 0% from its highest.0.00972
0.00974
0.00974
A study of price movements over other periods shows the following variations:
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 JPY/SGD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 0.00956 | 0.00964 | 0.00972 | 0.00974 | 0.00975 | 0.00980 | 0.00985 |
| Change (%) | -1.85% | -1.03% | -0.21% | - | +0.10% | +0.62% | +1.13% |
| Change | -0.00018 | -0.00010 | -0.00002 | - | +0.00001 | +0.00006 | +0.00011 |
| Level | Minor | Minor | Major | - | 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 | 0.00962 | 0.00967 | 0.00969 | 0.00974 | 0.00976 | 0.00981 | 0.00983 |
| Camarilla | 0.00970 | 0.00971 | 0.00971 | 0.00972 | 0.00973 | 0.00973 | 0.00974 |
| Woodie | 0.00962 | 0.00966 | 0.00969 | 0.00973 | 0.00976 | 0.00980 | 0.00983 |
| Fibonacci | 0.00967 | 0.00969 | 0.00971 | 0.00974 | 0.00976 | 0.00978 | 0.00981 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00967 | 0.00973 | 0.00980 | 0.00986 | 0.00993 | 0.00999 | 0.01006 |
| Camarilla | 0.00982 | 0.00984 | 0.00985 | 0.00986 | 0.00987 | 0.00988 | 0.00990 |
| Woodie | 0.00967 | 0.00973 | 0.00980 | 0.00986 | 0.00993 | 0.00999 | 0.01006 |
| Fibonacci | 0.00973 | 0.00978 | 0.00981 | 0.00986 | 0.00991 | 0.00994 | 0.00999 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00928 | 0.00953 | 0.00966 | 0.00991 | 0.01004 | 0.01029 | 0.01042 |
| Camarilla | 0.00969 | 0.00972 | 0.00976 | 0.00979 | 0.00983 | 0.00986 | 0.00990 |
| Woodie | 0.00922 | 0.00950 | 0.00960 | 0.00988 | 0.00998 | 0.01026 | 0.01036 |
| Fibonacci | 0.00953 | 0.00968 | 0.00977 | 0.00991 | 0.01006 | 0.01015 | 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): | 47.46 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -7.06459 | |
| AROON (14): | -57.14286 | |
| DEMA (21): | 0.00972 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.00975 | |
| Elder Ray (13): | 0.00001 | |
| Super Trend (3,10): | 0.00975 | |
| Zig ZAG (10): | 0.00974 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 0.00973 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.00001 | |
| Repulse (5,40,3): | 0.1793 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0178 | |
| Courbe Coppock: | 0.35 |
| MA7: | 0.00980 | |
| MA20: | 0.00985 | |
| MA50: | 0.00997 | |
| MA100: | 0.01002 | |
| MAexp7: | 0.00973 | |
| MAexp20: | 0.00974 | |
| MAexp50: | 0.00976 | |
| MAexp100: | 0.00979 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -1.12% | |
| Price / MA50: | -2.31% | |
| Price / MA100: | -2.79% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.51% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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