NOK/SGD - 1H - Technical analysis published on 05/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 0.1242 SGD
My targets
0.1233 SGD (-0.0003)
My analysis
With a strongly bearish trend, the price of NOK/SGD is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.1242 SGD remains possible. It would be possible for traders to only trade short positions (for sale) on NOK/SGD as long as the price remains well below 0.1242 SGD. The next bearish objective for sellers is set at 0.1233 SGD. A bearish break of this support would revive the bearish momentum.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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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 NOK/SGD rating is 0.1236 SGD. On the day, this instrument gained +0.08% and was traded between 0.1235 SGD and 0.1236 SGD over the period. The price is currently at +0.08% from its lowest and 0% from its highest.0.1235
0.1236
0.1236
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NOK/SGD in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.1233 | 0.1236 | 0.1242 | 0.1251 | 0.1262 |
| Change (%) | -0.24% | - | +0.49% | +1.21% | +2.10% |
| Change | -0.0003 | - | +0.0006 | +0.0015 | +0.0026 |
| Level | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1221 | 0.1226 | 0.1231 | 0.1236 | 0.1241 | 0.1246 | 0.1251 |
| Camarilla | 0.1232 | 0.1233 | 0.1234 | 0.1235 | 0.1236 | 0.1237 | 0.1238 |
| Woodie | 0.1220 | 0.1226 | 0.1230 | 0.1236 | 0.1240 | 0.1246 | 0.1250 |
| Fibonacci | 0.1226 | 0.1230 | 0.1233 | 0.1236 | 0.1240 | 0.1243 | 0.1246 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1210 | 0.1226 | 0.1239 | 0.1255 | 0.1268 | 0.1284 | 0.1297 |
| Camarilla | 0.1245 | 0.1248 | 0.1250 | 0.1253 | 0.1256 | 0.1258 | 0.1261 |
| Woodie | 0.1210 | 0.1225 | 0.1239 | 0.1254 | 0.1268 | 0.1283 | 0.1297 |
| Fibonacci | 0.1226 | 0.1237 | 0.1244 | 0.1255 | 0.1266 | 0.1273 | 0.1284 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.1178 | 0.1210 | 0.1231 | 0.1263 | 0.1284 | 0.1316 | 0.1337 |
| Camarilla | 0.1238 | 0.1243 | 0.1248 | 0.1253 | 0.1258 | 0.1263 | 0.1268 |
| Woodie | 0.1174 | 0.1207 | 0.1227 | 0.1260 | 0.1280 | 0.1313 | 0.1333 |
| Fibonacci | 0.1210 | 0.1230 | 0.1242 | 0.1263 | 0.1283 | 0.1295 | 0.1316 |
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): | 47.48 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 7.5077 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.1236 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.1233 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 0.1240 | |
| Zig ZAG (10): | 0.1236 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 43.33 | |
| TEMA (21): | 0.1237 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | -0.1627 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0064 | |
| Courbe Coppock: | 0.04 |
| MA7: | 0.1248 | |
| MA20: | 0.1262 | |
| MA50: | 0.1271 | |
| MA100: | 0.1301 | |
| MAexp7: | 0.1236 | |
| MAexp20: | 0.1237 | |
| MAexp50: | 0.1239 | |
| MAexp100: | 0.1243 | |
| Price / MA7: | -0.96% | |
| Price / MA20: | -2.06% | |
| Price / MA50: | -2.75% | |
| Price / MA100: | -5.00% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.56% |
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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