NZD/SGD - 1H - Technical analysis published on 06/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 0.8271 SGD
My targets
0.8354 SGD (+0.0021)
0.8393 SGD (+0.0060)
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 0.8271 SGD. The buyers' bullish objective is set at 0.8354 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8393 SGD. If there is any crossing, the next objective would be the resistance located at 0.8461 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
6.3
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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 NZD/SGD price is 0.8333 SGD. The price registered a decrease of -0.01% on the session and was traded between 0.8305 SGD and 0.8351 SGD over the period. The price is currently at +0.34% from its lowest and -0.22% from its highest.0.8305
0.8351
0.8333
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/SGD in 1H shows a strongly overall bullish trend. 82.14% 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.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of triangle
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 | 0.8226 | 0.8271 | 0.8328 | 0.8333 | 0.8354 | 0.8393 | 0.8461 |
| Change (%) | -1.28% | -0.74% | -0.06% | - | +0.25% | +0.72% | +1.54% |
| Change | -0.0107 | -0.0062 | -0.0005 | - | +0.0021 | +0.0060 | +0.0128 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | 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 | 0.8216 | 0.8243 | 0.8289 | 0.8316 | 0.8362 | 0.8389 | 0.8435 |
| Camarilla | 0.8314 | 0.8321 | 0.8327 | 0.8334 | 0.8341 | 0.8347 | 0.8354 |
| Woodie | 0.8225 | 0.8248 | 0.8298 | 0.8321 | 0.8371 | 0.8394 | 0.8444 |
| Fibonacci | 0.8243 | 0.8271 | 0.8288 | 0.8316 | 0.8344 | 0.8361 | 0.8389 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8052 | 0.8094 | 0.8163 | 0.8205 | 0.8274 | 0.8316 | 0.8385 |
| Camarilla | 0.8202 | 0.8212 | 0.8222 | 0.8232 | 0.8242 | 0.8252 | 0.8263 |
| Woodie | 0.8066 | 0.8101 | 0.8177 | 0.8212 | 0.8288 | 0.8323 | 0.8399 |
| Fibonacci | 0.8094 | 0.8136 | 0.8163 | 0.8205 | 0.8247 | 0.8274 | 0.8316 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7645 | 0.7879 | 0.8010 | 0.8244 | 0.8375 | 0.8609 | 0.8740 |
| Camarilla | 0.8041 | 0.8074 | 0.8108 | 0.8141 | 0.8175 | 0.8208 | 0.8241 |
| Woodie | 0.7594 | 0.7853 | 0.7959 | 0.8218 | 0.8324 | 0.8583 | 0.8689 |
| Fibonacci | 0.7879 | 0.8018 | 0.8105 | 0.8244 | 0.8383 | 0.8470 | 0.8609 |
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): | 54.60 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 3.4842 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.8331 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8307 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 0.8302 | |
| Zig ZAG (10): | 0.8333 | |
| VORTEX (21): | 1.0076 | |
| Stochastique (14,3,5): | 60.98 | |
| TEMA (21): | 0.8327 | |
| Williams %R (14): | -31.71 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.1493 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0045 | |
| Courbe Coppock: | 0.20 |
| MA7: | 0.8270 | |
| MA20: | 0.8238 | |
| MA50: | 0.8275 | |
| MA100: | 0.8314 | |
| MAexp7: | 0.8329 | |
| MAexp20: | 0.8328 | |
| MAexp50: | 0.8317 | |
| MAexp100: | 0.8293 | |
| Price / MA7: | +0.76% | |
| Price / MA20: | +1.15% | |
| Price / MA50: | +0.70% | |
| Price / MA100: | +0.23% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.48% |
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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