JPY/SGD - 1H - Technical analysis published on 09/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 0.00902 SGD
My targets
0.00907 SGD (+0.00003)
0.00916 SGD (+0.00012)
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 0.00902 SGD. The buyers' bullish objective is set at 0.00907 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.00916 SGD. If there is any crossing, the next objective would be the resistance located at 0.00945 SGD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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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 rating is 0.00904 SGD. On the day, this instrument gained +0.56% and was between 0.00898 SGD and 0.00905 SGD. This implies that the price is at +0.67% from its lowest and at -0.11% from its highest.0.00898
0.00905
0.00904
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
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 this 1H chart of JPY/SGD indicates that the overall trend is strongly bullish. 89.29% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.00898 | 0.00900 | 0.00902 | 0.00904 | 0.00904 | 0.00907 | 0.00916 |
| Change (%) | -0.66% | -0.44% | -0.22% | 0% | - | +0.33% | +1.33% |
| Change | -0.00006 | -0.00004 | -0.00002 | 0 | - | +0.00003 | +0.00012 |
| Level | Minor | Intermediate | Intermediate | Major | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00880 | 0.00884 | 0.00892 | 0.00896 | 0.00904 | 0.00908 | 0.00916 |
| Camarilla | 0.00896 | 0.00897 | 0.00898 | 0.00899 | 0.00900 | 0.00901 | 0.00902 |
| Woodie | 0.00881 | 0.00885 | 0.00893 | 0.00897 | 0.00905 | 0.00909 | 0.00917 |
| Fibonacci | 0.00884 | 0.00889 | 0.00892 | 0.00896 | 0.00901 | 0.00904 | 0.00908 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00873 | 0.00883 | 0.00888 | 0.00898 | 0.00903 | 0.00913 | 0.00918 |
| Camarilla | 0.00890 | 0.00891 | 0.00893 | 0.00894 | 0.00895 | 0.00897 | 0.00898 |
| Woodie | 0.00872 | 0.00882 | 0.00887 | 0.00897 | 0.00902 | 0.00912 | 0.00917 |
| Fibonacci | 0.00883 | 0.00888 | 0.00892 | 0.00898 | 0.00903 | 0.00907 | 0.00913 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00826 | 0.00855 | 0.00875 | 0.00904 | 0.00924 | 0.00953 | 0.00973 |
| Camarilla | 0.00881 | 0.00885 | 0.00890 | 0.00894 | 0.00899 | 0.00903 | 0.00908 |
| Woodie | 0.00821 | 0.00853 | 0.00870 | 0.00902 | 0.00919 | 0.00951 | 0.00968 |
| Fibonacci | 0.00855 | 0.00874 | 0.00886 | 0.00904 | 0.00923 | 0.00935 | 0.00953 |
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): | 66.54 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 22.95565 | |
| AROON (14): | 100.00000 | |
| DEMA (21): | 0.00902 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.00899 | |
| Elder Ray (13): | 0.00003 | |
| Super Trend (3,10): | 0.00898 | |
| Zig ZAG (10): | 0.00904 | |
| VORTEX (21): | 1.1351 | |
| Stochastique (14,3,5): | 75.24 | |
| TEMA (21): | 0.00903 | |
| Williams %R (14): | -14.29 | |
| Chande Momentum Oscillator (20): | 0.00005 | |
| Repulse (5,40,3): | 0.3947 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0243 | |
| Courbe Coppock: | 0.57 |
| MA7: | 0.00899 | |
| MA20: | 0.00898 | |
| MA50: | 0.00877 | |
| MA100: | 0.00871 | |
| MAexp7: | 0.00902 | |
| MAexp20: | 0.00900 | |
| MAexp50: | 0.00898 | |
| MAexp100: | 0.00897 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | +3.08% | |
| Price / MA100: | +3.79% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +0.67% | |
| Price / MAexp100: | +0.78% |
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.
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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