JPY/SGD

- SGD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	JPYSGD
ISIN:

JPY/SGD - 1H - Technical analysis published on 12/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 0.00891 SGD

My targets

0.00882 SGD (-0.00003)

0.00879 SGD (-0.00006)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on JPY/SGD. As long as you are under the resistance located at 0.00891 SGD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.00882 SGD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.00879 SGD as an objective. Crossing it would then enable sellers to target 0.00868 SGD. If the resistance 0.00891 SGD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.4

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.

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Additional analysis

Quotes

The JPY/SGD rating is 0.00885 SGD. The price registered an increase of +0.23% on the session and was traded between 0.00883 SGD and 0.00886 SGD over the period. The price is currently at +0.23% from its lowest and -0.11% from its highest.

0.00883

0.00886

0.00885

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a 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. 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.

In fact, 12 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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 : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.00868	0.00879	0.00882	0.00885	0.00891	0.00893	0.00896
Change (%)	-1.92%	-0.68%	-0.34%	-	+0.68%	+0.90%	+1.24%
Change	-0.00017	-0.00006	-0.00003	-	+0.00006	+0.00008	+0.00011
Level	Minor	Minor	Intermediate	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.00876	0.00879	0.00881	0.00884	0.00886	0.00889	0.00891
Camarilla	0.00882	0.00882	0.00883	0.00883	0.00884	0.00884	0.00884
Woodie	0.00876	0.00879	0.00881	0.00884	0.00886	0.00889	0.00891
Fibonacci	0.00879	0.00881	0.00882	0.00884	0.00886	0.00887	0.00889

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.00872	0.00880	0.00888	0.00896	0.00904	0.00912	0.00920
Camarilla	0.00891	0.00892	0.00894	0.00895	0.00897	0.00898	0.00899
Woodie	0.00871	0.00880	0.00887	0.00896	0.00903	0.00912	0.00919
Fibonacci	0.00880	0.00886	0.00890	0.00896	0.00902	0.00906	0.00912

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.00833	0.00846	0.00870	0.00883	0.00907	0.00920	0.00944
Camarilla	0.00884	0.00887	0.00891	0.00894	0.00897	0.00901	0.00904
Woodie	0.00839	0.00849	0.00876	0.00886	0.00913	0.00923	0.00950
Fibonacci	0.00846	0.00860	0.00869	0.00883	0.00897	0.00906	0.00920

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):	53.90
MACD (12,26,9):	0.0000
Directional Movement:	8.36946
AROON (14):	85.71428
DEMA (21):	0.00884
Parabolic SAR (0,02-0,02-0,2):	0.00883
Elder Ray (13):	0.00002
Super Trend (3,10):	0.00885
Zig ZAG (10):	0.00885
VORTEX (21):	1.0952
Stochastique (14,3,5):	83.33
TEMA (21):	0.00884
Williams %R (14):	-25.00
Chande Momentum Oscillator (20):	0.00002
Repulse (5,40,3):	-0.0182
ROCnROLL:	-1
TRIX (15,9):	-0.0133
Courbe Coppock:	0.18

MA7:	0.00890
MA20:	0.00881
MA50:	0.00875
MA100:	0.00887
MAexp7:	0.00885
MAexp20:	0.00884
MAexp50:	0.00886
MAexp100:	0.00888
Price / MA7:	-0.56%
Price / MA20:	+0.45%
Price / MA50:	+1.14%
Price / MA100:	-0.23%
Price / MAexp7:	-0%
Price / MAexp20:	+0.11%
Price / MAexp50:	-0.11%
Price / MAexp100:	-0.34%

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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