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

JPY/SGD - 1H - Technical analysis published on 01/22/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bearish
Technical indicators
61%
6%
33%
My opinion
Neutral between 0.00903 SGD and 0.00914 SGD
My targets
-
My analysis
The current short-term bullish thrust is in contrast to the bearish trend. JPY/SGD is apparently trying to reverse the trend. The return to a neutral and then bullish trend should not be long in coming if the current rebound continues. What is currently happening on JPY/SGD essentials for the price to rebound like this? In such a situation, it would be possible to stay away from JPY/SGD or not try to counterbalance this current rebound in the short term. If there is a purchase, the buyers could use the resistance located at 0.00914 SGD as an objective. Buyers would then use the next resistance located at 0.00916 SGD as an objective. Crossing it would then enable buyers to target 0.00921 SGD. Attention should be paid to the price reaction at the start of the resistance as trend traders may consider resuming sales if the basic trend has not been able to ease or if the short term has itself become excessive.

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

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:
Daily Weekly

Additional analysis

Quotes

JPY/SGD rating 0.00907 SGD. The price has increased by +0.22% since the last closing and was between 0.00903 SGD and 0.00907 SGD. This implies that the price is at +0.44% from its lowest and at 0% from its highest.

0.00903
0.00907
0.00907

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of JPY/SGD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this trend could quickly be called into question. A phase of indecision or a reversal of the trend could occur. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1R1PriceR2R3
ProTrendLines 0.00893 0.00903 0.00907 0.00907 0.00914 0.00916
Change (%) -1.54% -0.44% 0% - +0.77% +0.99%
Change -0.00014 -0.00004 0 - +0.00007 +0.00009
Level Major Intermediate Major - Major Intermediate



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
Standard0.008980.009000.009030.009050.009080.009100.00913
Camarilla0.009040.009040.009050.009050.009060.009060.00906
Woodie0.008980.009000.009030.009050.009080.009100.00913
Fibonacci0.009000.009020.009030.009050.009070.009080.00910


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.008820.008920.008990.009090.009160.009260.00933
Camarilla0.009000.009020.009030.009050.009070.009080.00910
Woodie0.008800.008910.008970.009080.009140.009250.00931
Fibonacci0.008920.008990.009030.009090.009160.009200.00926


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.008700.008860.009110.009270.009520.009680.00993
Camarilla0.009250.009290.009320.009360.009400.009440.00947
Woodie0.008750.008880.009160.009290.009570.009700.00998
Fibonacci0.008860.009020.009110.009270.009430.009520.00968

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): 52.12
MACD (12,26,9): 0.0000
Directional Movement: -3.91476
AROON (14): 35.71429
DEMA (21): 0.00905
Parabolic SAR (0,02-0,02-0,2): 0.00903
Elder Ray (13): 0.00001
Super Trend (3,10): 0.00907
Zig ZAG (10): 0.00907
VORTEX (21): 1.0714
Stochastique (14,3,5): 83.33
TEMA (21): 0.00906
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.00001
Repulse (5,40,3): 0.1725
ROCnROLL: 1
TRIX (15,9): -0.0053
Courbe Coppock: 0.09
MA7: 0.00910
MA20: 0.00920
MA50: 0.00915
MA100: 0.00916
MAexp7: 0.00906
MAexp20: 0.00905
MAexp50: 0.00906
MAexp100: 0.00909
Price / MA7: -0.33%
Price / MA20: -1.41%
Price / MA50: -0.87%
Price / MA100: -0.98%
Price / MAexp7: +0.11%
Price / MAexp20: +0.22%
Price / MAexp50: +0.11%
Price / MAexp100: -0.22%

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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