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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 07/25/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.00876 SGD
My targets
0.00891 SGD (+0.00009)
0.00892 SGD (+0.00010)
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 0.00876 SGD. The buyers' bullish objective is set at 0.00891 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.00892 SGD. If there is any crossing, the next objective would be the resistance located at 0.00904 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
8.8

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.

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Daily Weekly

Additional analysis

Quotes

The JPY/SGD rating is 0.00882 SGD. On the day, this instrument gained +1.03% and was between 0.00873 SGD and 0.00883 SGD. This implies that the price is at +1.03% from its lowest and at -0.11% from its highest.

0.00873
0.00883
0.00882

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this JPY/SGD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

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:

Central Patterns

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.00868 0.00872 0.00876 0.00882 0.00892 0.00904 0.00945
Change (%) -1.59% -1.13% -0.68% - +1.13% +2.49% +7.14%
Change -0.00014 -0.00010 -0.00006 - +0.00010 +0.00022 +0.00063
Level Minor 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
Standard0.008520.008580.008650.008710.008780.008840.00891
Camarilla0.008690.008710.008720.008730.008740.008750.00877
Woodie0.008540.008580.008670.008710.008800.008840.00893
Fibonacci0.008580.008630.008660.008710.008760.008790.00884


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.008320.008390.008470.008540.008620.008690.00877
Camarilla0.008500.008510.008530.008540.008550.008570.00858
Woodie0.008320.008390.008470.008540.008620.008690.00877
Fibonacci0.008390.008450.008490.008540.008600.008640.00869


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.008040.008230.008330.008520.008620.008810.00891
Camarilla0.008350.008380.008400.008430.008460.008480.00851
Woodie0.008000.008210.008290.008500.008580.008790.00887
Fibonacci0.008230.008340.008410.008520.008630.008700.00881

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): 80.58
MACD (12,26,9): 0.0000
Directional Movement: 37.07502
AROON (14): 100.00000
DEMA (21): 0.00879
Parabolic SAR (0,02-0,02-0,2): 0.00875
Elder Ray (13): 0.00006
Super Trend (3,10): 0.00875
Zig ZAG (10): 0.00881
VORTEX (21): 1.2609
Stochastique (14,3,5): 90.24
TEMA (21): 0.00879
Williams %R (14): -18.18
Chande Momentum Oscillator (20): 0.00006
Repulse (5,40,3): 0.3107
ROCnROLL: 1
TRIX (15,9): 0.0451
Courbe Coppock: 1.19
MA7: 0.00864
MA20: 0.00850
MA50: 0.00855
MA100: 0.00869
MAexp7: 0.00878
MAexp20: 0.00875
MAexp50: 0.00869
MAexp100: 0.00864
Price / MA7: +2.08%
Price / MA20: +3.76%
Price / MA50: +3.16%
Price / MA100: +1.50%
Price / MAexp7: +0.46%
Price / MAexp20: +0.80%
Price / MAexp50: +1.50%
Price / MAexp100: +2.08%

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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Londinia AI

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