NZD/SGD - 1H - Technical analysis published on 04/12/2023 (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
39%
28%
33%
My opinion
Bearish under 0.8275 SGD
My targets
0.8226 SGD (-0.0027)
0.8170 SGD (-0.0083)
My analysis
The basic trend is very bearish on NZD/SGD but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on NZD/SGD. As long as you stay below the resistance 0.8275 SGD, sellers' retain the upper hand. A break in the support at 0.8226 SGD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 0.8170 SGD as an objective. Crossing it would then enable sellers to target 0.8039 SGD. If the price were to depress the resistance 0.8275 SGD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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Additional analysis
Quotes
The NZD/SGD rating is 0.8253 SGD. The price registered a decrease of -0.01% on the session and was traded between 0.8234 SGD and 0.8291 SGD over the period. The price is currently at +0.23% from its lowest and -0.46% from its highest.0.8234
0.8291
0.8253
A study of price movements over other periods shows the following variations:
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
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
A technical analysis in 1H of this NZD/SGD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7931 | 0.8039 | 0.8226 | 0.8253 | 0.8275 | 0.8338 | 0.8376 |
| Change (%) | -3.90% | -2.59% | -0.33% | - | +0.27% | +1.03% | +1.49% |
| Change | -0.0322 | -0.0214 | -0.0027 | - | +0.0022 | +0.0085 | +0.0123 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 0.8171 | 0.8207 | 0.8230 | 0.8266 | 0.8289 | 0.8325 | 0.8348 |
| Camarilla | 0.8238 | 0.8243 | 0.8249 | 0.8254 | 0.8259 | 0.8265 | 0.8270 |
| Woodie | 0.8166 | 0.8204 | 0.8225 | 0.8263 | 0.8284 | 0.8322 | 0.8343 |
| Fibonacci | 0.8207 | 0.8229 | 0.8243 | 0.8266 | 0.8288 | 0.8302 | 0.8325 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8065 | 0.8170 | 0.8244 | 0.8349 | 0.8423 | 0.8528 | 0.8602 |
| Camarilla | 0.8269 | 0.8285 | 0.8302 | 0.8318 | 0.8334 | 0.8351 | 0.8367 |
| Woodie | 0.8050 | 0.8162 | 0.8229 | 0.8341 | 0.8408 | 0.8520 | 0.8587 |
| Fibonacci | 0.8170 | 0.8238 | 0.8281 | 0.8349 | 0.8417 | 0.8460 | 0.8528 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.18 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 3.9080 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.8249 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8236 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.8274 | |
| Zig ZAG (10): | 0.8253 | |
| VORTEX (21): | 1.0070 | |
| Stochastique (14,3,5): | 33.92 | |
| TEMA (21): | 0.8253 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | -0.0476 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0090 | |
| Courbe Coppock: | 0.02 |
| MA7: | 0.8313 | |
| MA20: | 0.8313 | |
| MA50: | 0.8339 | |
| MA100: | 0.8437 | |
| MAexp7: | 0.8254 | |
| MAexp20: | 0.8254 | |
| MAexp50: | 0.8266 | |
| MAexp100: | 0.8285 | |
| Price / MA7: | -0.72% | |
| Price / MA20: | -0.72% | |
| Price / MA50: | -1.03% | |
| Price / MA100: | -2.18% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.39% |
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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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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