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 07/19/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

11%

44%

My opinion

Bearish under 0.00971 SGD

My targets

0.00934 SGD (-0.00018)

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 0.00971 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 0.00971 SGD. The next bearish objective for sellers is set at 0.00934 SGD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.00971 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

1.4

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

JPY/SGD rating 0.00952 SGD. The price has increased by +0.11% since the last closing with the lowest point at 0.00951 SGD and the highest point at 0.00952 SGD. The deviation from the price is +0.11% for the low point and 0% for the high point.

0.00951

0.00952

Here is a more detailed summary of the historical variations registered by JPY/SGD:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of JPY/SGD in Daily shows an overall bearish trend. 71.43% 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 market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : Daily

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 : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.00934	0.00949	0.00952	0.00971	0.00985	0.01008
Change (%)	-1.89%	-0.32%	-	+2.00%	+3.47%	+5.88%
Change	-0.00018	-0.00003	-	+0.00019	+0.00033	+0.00056
Level	Major	Major	-	Intermediate	Intermediate	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	0.00939	0.00944	0.00948	0.00953	0.00957	0.00962	0.00966
Camarilla	0.00949	0.00949	0.00950	0.00951	0.00952	0.00953	0.00954
Woodie	0.00938	0.00944	0.00947	0.00953	0.00956	0.00962	0.00965
Fibonacci	0.00944	0.00948	0.00950	0.00953	0.00957	0.00959	0.00962

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.00922	0.00933	0.00942	0.00953	0.00962	0.00973	0.00982
Camarilla	0.00947	0.00948	0.00950	0.00952	0.00954	0.00956	0.00958
Woodie	0.00922	0.00933	0.00942	0.00953	0.00962	0.00973	0.00982
Fibonacci	0.00933	0.00940	0.00945	0.00953	0.00960	0.00965	0.00973

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.00883	0.00909	0.00923	0.00949	0.00963	0.00989	0.01003
Camarilla	0.00926	0.00930	0.00933	0.00937	0.00941	0.00944	0.00948
Woodie	0.00877	0.00906	0.00917	0.00946	0.00957	0.00986	0.00997
Fibonacci	0.00909	0.00924	0.00934	0.00949	0.00964	0.00974	0.00989

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):	50.86
MACD (12,26,9):	0.0000
Directional Movement:	6.49045
AROON (14):	50.00000
DEMA (21):	0.00948
Parabolic SAR (0,02-0,02-0,2):	0.00945
Elder Ray (13):	0.00002
Super Trend (3,10):	0.00940
Zig ZAG (10):	0.00952
VORTEX (21):	1.0597
Stochastique (14,3,5):	63.33
TEMA (21):	0.00953
Williams %R (14):	-36.67
Chande Momentum Oscillator (20):	0.00018
Repulse (5,40,3):	-0.3707
ROCnROLL:	-1
TRIX (15,9):	-0.0447
Courbe Coppock:	3.12

MA7:	0.00955
MA20:	0.00945
MA50:	0.00958
MA100:	0.00978
MAexp7:	0.00952
MAexp20:	0.00950
MAexp50:	0.00958
MAexp100:	0.00971
Price / MA7:	-0.31%
Price / MA20:	+0.74%
Price / MA50:	-0.63%
Price / MA100:	-2.66%
Price / MAexp7:	-0%
Price / MAexp20:	+0.21%
Price / MAexp50:	-0.63%
Price / MAexp100:	-1.96%

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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