NZD/SGD

- SGD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDSGD
ISIN:

NZD/SGD - Daily - Technical analysis published on 05/09/2023 (GMT)

Londinia

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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

83%

11%

My opinion

Bullish above 0.8226 SGD

My targets

0.8574 SGD (+0.0177)

0.8697 SGD (+0.0300)

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 NZD/SGD as long as the price remains well above 0.8226 SGD. The buyers' bullish objective is set at 0.8574 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8697 SGD. If there is any crossing, the next objective would be the resistance located at 0.8877 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

5.4

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.

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 0.8397 SGD. The price is lower by -0.01% since the last closing with the lowest point at 0.8383 SGD and the highest point at 0.8411 SGD. The deviation from the price is +0.17% for the low point and -0.17% for the high point.

0.8383

0.8411

0.8397

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

The Central Records scanner for higher/lower results shows the following items:

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 this Daily chart of NZD/SGD indicates that the overall trend is slightly bullish. 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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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 : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8039	0.8226	0.8392	0.8397	0.8574	0.8697	0.8877
Change (%)	-4.26%	-2.04%	-0.06%	-	+2.11%	+3.57%	+5.72%
Change	-0.0358	-0.0171	-0.0005	-	+0.0177	+0.0300	+0.0480
Level	Minor	Major	Major	-	Intermediate	Major	Major

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	0.8264	0.8301	0.8349	0.8386	0.8434	0.8471	0.8519
Camarilla	0.8375	0.8382	0.8390	0.8398	0.8406	0.8414	0.8421
Woodie	0.8271	0.8304	0.8356	0.8389	0.8441	0.8474	0.8526
Fibonacci	0.8301	0.8333	0.8353	0.8386	0.8418	0.8438	0.8471

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8113	0.8168	0.8257	0.8312	0.8401	0.8456	0.8545
Camarilla	0.8305	0.8319	0.8332	0.8345	0.8358	0.8371	0.8385
Woodie	0.8129	0.8177	0.8273	0.8321	0.8417	0.8465	0.8561
Fibonacci	0.8168	0.8223	0.8257	0.8312	0.8367	0.8401	0.8456

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7835	0.7999	0.8126	0.8290	0.8417	0.8581	0.8708
Camarilla	0.8173	0.8200	0.8226	0.8253	0.8280	0.8306	0.8333
Woodie	0.7817	0.7990	0.8108	0.8281	0.8399	0.8572	0.8690
Fibonacci	0.7999	0.8110	0.8179	0.8290	0.8401	0.8470	0.8581

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):	60.65
MACD (12,26,9):	0.0016
Directional Movement:	13.6213
AROON (14):	57.1428
DEMA (21):	0.8307
Parabolic SAR (0,02-0,02-0,2):	0.8238
Elder Ray (13):	0.0089
Super Trend (3,10):	0.8202
Zig ZAG (10):	0.8397
VORTEX (21):	1.0937
Stochastique (14,3,5):	90.21
TEMA (21):	0.8339
Williams %R (14):	-8.88
Chande Momentum Oscillator (20):	0.0212
Repulse (5,40,3):	0.9243
ROCnROLL:	1
TRIX (15,9):	-0.0143
Courbe Coppock:	1.88

MA7:	0.8328
MA20:	0.8270
MA50:	0.8301
MA100:	0.8371
MAexp7:	0.8338
MAexp20:	0.8297
MAexp50:	0.8310
MAexp100:	0.8354
Price / MA7:	+0.83%
Price / MA20:	+1.54%
Price / MA50:	+1.16%
Price / MA100:	+0.31%
Price / MAexp7:	+0.71%
Price / MAexp20:	+1.21%
Price / MAexp50:	+1.05%
Price / MAexp100:	+0.51%

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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