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NZD/SGD
NZD SGD
- SGD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDSGD
ISIN:

NZD/SGD - 1H - Technical analysis published on 07/10/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.8345 SGD
My targets
0.8372 SGD (+0.0010)
0.8403 SGD (+0.0041)
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 0.8345 SGD. The buyers' bullish objective is set at 0.8372 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8403 SGD. If there is any crossing, the next objective would be the resistance located at 0.8461 SGD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

NZD/SGD rating 0.8362 SGD. On the day, this instrument lost -0.01% and was traded between 0.8323 SGD and 0.8370 SGD over the period. The price is currently at +0.47% from its lowest and -0.10% from its highest.

0.8323
0.8370
0.8362

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 this 1H chart of NZD/SGD indicates that the overall trend is bullish. The signals returned by the moving averages are 78.57% bullish. This 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:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 0.8249 0.8314 0.8345 0.8362 0.8372 0.8403 0.8461
Change (%) -1.35% -0.57% -0.20% - +0.12% +0.49% +1.18%
Change -0.0113 -0.0048 -0.0017 - +0.0010 +0.0041 +0.0099
Level Minor Intermediate Major - Minor Intermediate Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.82870.83060.83340.83530.83810.84000.8428
Camarilla0.83500.83540.83590.83630.83670.83720.8376
Woodie0.82930.83080.83400.83550.83870.84020.8434
Fibonacci0.83060.83240.83350.83530.83710.83820.8400


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.81650.82200.82920.83470.84190.84740.8546
Camarilla0.83280.83400.83510.83630.83750.83860.8398
Woodie0.81730.82240.83000.83510.84270.84780.8554
Fibonacci0.82200.82690.82990.83470.83960.84260.8474


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.78960.80050.81500.82590.84040.85130.8658
Camarilla0.82260.82490.82730.82960.83190.83430.8366
Woodie0.79150.80140.81690.82680.84230.85220.8677
Fibonacci0.80050.81020.81620.82590.83560.84160.8513

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): 59.06
MACD (12,26,9): 0.0000
Directional Movement: 3.8873
AROON (14): 35.7143
DEMA (21): 0.8346
Parabolic SAR (0,02-0,02-0,2): 0.8325
Elder Ray (13): 0.0013
Super Trend (3,10): 0.8324
Zig ZAG (10): 0.8361
VORTEX (21): 1.0126
Stochastique (14,3,5): 87.95
TEMA (21): 0.8348
Williams %R (14): -5.00
Chande Momentum Oscillator (20): 0.0026
Repulse (5,40,3): 0.2110
ROCnROLL: 1
TRIX (15,9): -0.0039
Courbe Coppock: 0.02
MA7: 0.8342
MA20: 0.8314
MA50: 0.8298
MA100: 0.8299
MAexp7: 0.8350
MAexp20: 0.8347
MAexp50: 0.8348
MAexp100: 0.8345
Price / MA7: +0.24%
Price / MA20: +0.58%
Price / MA50: +0.77%
Price / MA100: +0.76%
Price / MAexp7: +0.14%
Price / MAexp20: +0.18%
Price / MAexp50: +0.17%
Price / MAexp100: +0.20%

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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Londinia
Londinia AI

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