JPY/SGD - 1H - Technical analysis published on 01/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.00908 SGD
My targets
0.00910 SGD (+0.00001)
0.00911 SGD (+0.00002)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/SGD as long as the price remains well above 0.00908 SGD. The buyers' bullish objective is set at 0.00910 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.00911 SGD. If there is any crossing, the next objective would be the resistance located at 0.00914 SGD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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Additional analysis
Quotes
The JPY/SGD rating is 0.00909 SGD. The price has increased by +0.11% since the last closing and was between 0.00908 SGD and 0.00910 SGD. This implies that the price is at +0.11% from its lowest and at -0.11% from its highest.0.00908
0.00910
0.00909
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 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of JPY/SGD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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 several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.00906 | 0.00907 | 0.00908 | 0.00909 | 0.00910 | 0.00911 | 0.00914 |
| Change (%) | -0.33% | -0.22% | -0.11% | - | +0.11% | +0.22% | +0.55% |
| Change | -0.00003 | -0.00002 | -0.00001 | - | +0.00001 | +0.00002 | +0.00005 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00899 | 0.00901 | 0.00905 | 0.00907 | 0.00911 | 0.00913 | 0.00917 |
| Camarilla | 0.00906 | 0.00907 | 0.00908 | 0.00908 | 0.00909 | 0.00909 | 0.00910 |
| Woodie | 0.00899 | 0.00902 | 0.00905 | 0.00908 | 0.00911 | 0.00914 | 0.00917 |
| Fibonacci | 0.00901 | 0.00904 | 0.00905 | 0.00907 | 0.00910 | 0.00911 | 0.00913 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00894 | 0.00898 | 0.00902 | 0.00906 | 0.00910 | 0.00914 | 0.00918 |
| Camarilla | 0.00903 | 0.00904 | 0.00904 | 0.00905 | 0.00906 | 0.00907 | 0.00907 |
| Woodie | 0.00893 | 0.00898 | 0.00901 | 0.00906 | 0.00909 | 0.00914 | 0.00917 |
| Fibonacci | 0.00898 | 0.00901 | 0.00903 | 0.00906 | 0.00909 | 0.00911 | 0.00914 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00870 | 0.00886 | 0.00911 | 0.00927 | 0.00952 | 0.00968 | 0.00993 |
| Camarilla | 0.00925 | 0.00929 | 0.00932 | 0.00936 | 0.00940 | 0.00944 | 0.00947 |
| Woodie | 0.00875 | 0.00888 | 0.00916 | 0.00929 | 0.00957 | 0.00970 | 0.00998 |
| Fibonacci | 0.00886 | 0.00902 | 0.00911 | 0.00927 | 0.00943 | 0.00952 | 0.00968 |
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): | 59.46 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 20.62447 | |
| AROON (14): | 57.14286 | |
| DEMA (21): | 0.00909 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.00907 | |
| Elder Ray (13): | 0.00001 | |
| Super Trend (3,10): | 0.00905 | |
| Zig ZAG (10): | 0.00909 | |
| VORTEX (21): | 1.1111 | |
| Stochastique (14,3,5): | 75.00 | |
| TEMA (21): | 0.00909 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.00002 | |
| Repulse (5,40,3): | 0.0297 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0091 | |
| Courbe Coppock: | 0.39 |
| MA7: | 0.00907 | |
| MA20: | 0.00913 | |
| MA50: | 0.00916 | |
| MA100: | 0.00915 | |
| MAexp7: | 0.00909 | |
| MAexp20: | 0.00908 | |
| MAexp50: | 0.00907 | |
| MAexp100: | 0.00907 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | -0.44% | |
| Price / MA50: | -0.76% | |
| Price / MA100: | -0.66% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.22% |
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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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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