NOK/SGD - Daily - Technical analysis published on 12/04/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 0.1371 SGD
My targets
0.1393 SGD (+0.0011)
0.1439 SGD (+0.0057)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on NOK/SGD as long as the price remains well above 0.1371 SGD. The buyers' bullish objective is set at 0.1393 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.1439 SGD. If there is any crossing, the next objective would be the resistance located at 0.1494 SGD.
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
4.8
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Additional analysis
Quotes
The NOK/SGD rating is 0.1382 SGD. The price registered a decrease of -0.72% on the session and was traded between 0.1377 SGD and 0.1393 SGD over the period. The price is currently at +0.36% from its lowest and -0.79% from its highest.0.1377
0.1393
0.1382
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NOK/SGD in Daily shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.1320 | 0.1346 | 0.1371 | 0.1382 | 0.1393 | 0.1439 | 0.1494 |
| Change (%) | -4.49% | -2.60% | -0.80% | - | +0.80% | +4.12% | +8.10% |
| Change | -0.0062 | -0.0036 | -0.0011 | - | +0.0011 | +0.0057 | +0.0112 |
| Level | Major | Minor | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1368 | 0.1373 | 0.1383 | 0.1388 | 0.1398 | 0.1403 | 0.1413 |
| Camarilla | 0.1388 | 0.1389 | 0.1391 | 0.1392 | 0.1393 | 0.1395 | 0.1396 |
| Woodie | 0.1370 | 0.1374 | 0.1385 | 0.1389 | 0.1400 | 0.1404 | 0.1415 |
| Fibonacci | 0.1373 | 0.1379 | 0.1383 | 0.1388 | 0.1394 | 0.1398 | 0.1403 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1305 | 0.1324 | 0.1358 | 0.1377 | 0.1411 | 0.1430 | 0.1464 |
| Camarilla | 0.1378 | 0.1383 | 0.1388 | 0.1393 | 0.1398 | 0.1403 | 0.1408 |
| Woodie | 0.1314 | 0.1328 | 0.1367 | 0.1381 | 0.1420 | 0.1434 | 0.1473 |
| Fibonacci | 0.1324 | 0.1344 | 0.1356 | 0.1377 | 0.1397 | 0.1409 | 0.1430 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1292 | 0.1315 | 0.1349 | 0.1372 | 0.1406 | 0.1429 | 0.1463 |
| Camarilla | 0.1367 | 0.1373 | 0.1378 | 0.1383 | 0.1388 | 0.1394 | 0.1399 |
| Woodie | 0.1298 | 0.1318 | 0.1355 | 0.1375 | 0.1412 | 0.1432 | 0.1469 |
| Fibonacci | 0.1315 | 0.1337 | 0.1350 | 0.1372 | 0.1394 | 0.1407 | 0.1429 |
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): | 54.33 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 5.7185 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 0.1381 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1358 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 0.1336 | |
| Zig ZAG (10): | 0.1382 | |
| VORTEX (21): | 1.1010 | |
| Stochastique (14,3,5): | 82.39 | |
| TEMA (21): | 0.1387 | |
| Williams %R (14): | -24.53 | |
| Chande Momentum Oscillator (20): | 0.0012 | |
| Repulse (5,40,3): | 0.0087 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0555 | |
| Courbe Coppock: | 2.25 |
| MA7: | 0.1384 | |
| MA20: | 0.1372 | |
| MA50: | 0.1358 | |
| MA100: | 0.1383 | |
| MAexp7: | 0.1381 | |
| MAexp20: | 0.1374 | |
| MAexp50: | 0.1371 | |
| MAexp100: | 0.1384 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | +0.73% | |
| Price / MA50: | +1.77% | |
| Price / MA100: | -0.07% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.58% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | -0.14% |
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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