NZD/SGD - 1H - Technical analysis published on 04/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 0.8314 SGD
My targets
0.8376 SGD (+0.0019)
0.8412 SGD (+0.0055)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/SGD as long as the price remains well above 0.8314 SGD. The buyers' bullish objective is set at 0.8376 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8412 SGD. If there is any crossing, the next objective would be the resistance located at 0.8574 SGD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
6.6
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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 NZD/SGD rating is 0.8357 SGD. The price is lower by -0.02% since the last closing and was between 0.8332 SGD and 0.8373 SGD. This implies that the price is at +0.30% from its lowest and at -0.19% from its highest.0.8332
0.8373
0.8357
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/SGD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8280 | 0.8314 | 0.8349 | 0.8357 | 0.8376 | 0.8412 | 0.8574 |
| Change (%) | -0.92% | -0.51% | -0.10% | - | +0.23% | +0.66% | +2.60% |
| Change | -0.0077 | -0.0043 | -0.0008 | - | +0.0019 | +0.0055 | +0.0217 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | 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 | 0.8206 | 0.8244 | 0.8301 | 0.8339 | 0.8396 | 0.8434 | 0.8491 |
| Camarilla | 0.8333 | 0.8342 | 0.8350 | 0.8359 | 0.8368 | 0.8376 | 0.8385 |
| Woodie | 0.8217 | 0.8249 | 0.8312 | 0.8344 | 0.8407 | 0.8439 | 0.8502 |
| Fibonacci | 0.8244 | 0.8280 | 0.8302 | 0.8339 | 0.8375 | 0.8397 | 0.8434 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8146 | 0.8192 | 0.8258 | 0.8304 | 0.8370 | 0.8416 | 0.8482 |
| Camarilla | 0.8294 | 0.8305 | 0.8315 | 0.8325 | 0.8335 | 0.8346 | 0.8356 |
| Woodie | 0.8157 | 0.8197 | 0.8269 | 0.8309 | 0.8381 | 0.8421 | 0.8493 |
| Fibonacci | 0.8192 | 0.8235 | 0.8261 | 0.8304 | 0.8347 | 0.8373 | 0.8416 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8024 | 0.8130 | 0.8228 | 0.8334 | 0.8432 | 0.8538 | 0.8636 |
| Camarilla | 0.8269 | 0.8288 | 0.8306 | 0.8325 | 0.8344 | 0.8362 | 0.8381 |
| Woodie | 0.8019 | 0.8128 | 0.8223 | 0.8332 | 0.8427 | 0.8536 | 0.8631 |
| Fibonacci | 0.8130 | 0.8208 | 0.8256 | 0.8334 | 0.8412 | 0.8460 | 0.8538 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 51.37 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 1.2700 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 0.8357 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8334 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 0.8329 | |
| Zig ZAG (10): | 0.8353 | |
| VORTEX (21): | 0.9901 | |
| Stochastique (14,3,5): | 53.66 | |
| TEMA (21): | 0.8354 | |
| Williams %R (14): | -48.78 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0076 | |
| Courbe Coppock: | 0.22 |
| MA7: | 0.8312 | |
| MA20: | 0.8316 | |
| MA50: | 0.8363 | |
| MA100: | 0.8446 | |
| MAexp7: | 0.8353 | |
| MAexp20: | 0.8352 | |
| MAexp50: | 0.8342 | |
| MAexp100: | 0.8327 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | -0.07% | |
| Price / MA100: | -1.05% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.36% |
Quotes :
-
Real time data
-
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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