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 07/25/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 0.8461 SGD

My targets

0.8141 SGD (-0.0114)

0.7931 SGD (-0.0324)

My analysis

NZD/SGD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.8461 SGD. The next support located at 0.8141 SGD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.7931 SGD. Below this support, sellers could then target 0.7607 SGD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

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 price is 0.8255 SGD. The price registered a decrease of -0.01% on the session and was between 0.8244 SGD and 0.8272 SGD. This implies that the price is at +0.13% from its lowest and at -0.21% from its highest.

0.8244

0.8272

0.8255

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 this Daily chart of NZD/SGD indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bearish. 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 these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7931	0.8141	0.8226	0.8255	0.8461	0.8571	0.8697
Change (%)	-3.92%	-1.38%	-0.35%	-	+2.50%	+3.83%	+5.35%
Change	-0.0324	-0.0114	-0.0029	-	+0.0206	+0.0316	+0.0442
Level	Intermediate	Major	Major	-	Major	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8129	0.8159	0.8208	0.8238	0.8287	0.8317	0.8366
Camarilla	0.8234	0.8242	0.8249	0.8256	0.8263	0.8271	0.8278
Woodie	0.8138	0.8164	0.8217	0.8243	0.8296	0.8322	0.8375
Fibonacci	0.8159	0.8190	0.8208	0.8238	0.8269	0.8287	0.8317

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7915	0.8059	0.8132	0.8276	0.8349	0.8493	0.8566
Camarilla	0.8146	0.8166	0.8186	0.8206	0.8226	0.8246	0.8266
Woodie	0.7881	0.8041	0.8098	0.8258	0.8315	0.8475	0.8532
Fibonacci	0.8059	0.8142	0.8193	0.8276	0.8359	0.8410	0.8493

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7896	0.8005	0.8150	0.8259	0.8404	0.8513	0.8658
Camarilla	0.8226	0.8249	0.8273	0.8296	0.8319	0.8343	0.8366
Woodie	0.7915	0.8014	0.8169	0.8268	0.8423	0.8522	0.8677
Fibonacci	0.8005	0.8102	0.8162	0.8259	0.8356	0.8416	0.8513

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	44.65
MACD (12,26,9):	-0.0009
Directional Movement:	-11.4961
AROON (14):	-50.0000
DEMA (21):	0.8302
Parabolic SAR (0,02-0,02-0,2):	0.8398
Elder Ray (13):	-0.0041
Super Trend (3,10):	0.8449
Zig ZAG (10):	0.8258
VORTEX (21):	0.9652
Stochastique (14,3,5):	16.69
TEMA (21):	0.8286
Williams %R (14):	-75.55
Chande Momentum Oscillator (20):	-0.0106
Repulse (5,40,3):	-0.4981
ROCnROLL:	2
TRIX (15,9):	0.0187
Courbe Coppock:	0.81

MA7:	0.8281
MA20:	0.8317
MA50:	0.8291
MA100:	0.8296
MAexp7:	0.8279
MAexp20:	0.8305
MAexp50:	0.8303
MAexp100:	0.8314
Price / MA7:	-0.31%
Price / MA20:	-0.75%
Price / MA50:	-0.43%
Price / MA100:	-0.49%
Price / MAexp7:	-0.29%
Price / MAexp20:	-0.60%
Price / MAexp50:	-0.58%
Price / MAexp100:	-0.71%

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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