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 08/21/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 0.8226 SGD

My targets

0.7931 SGD (-0.0104)

0.7607 SGD (-0.0428)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/SGD as long as the price remains well below 0.8226 SGD. The sellers' bearish objective is set at 0.7931 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.7607 SGD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

8.2

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 0.8035 SGD. On the day, this instrument lost -0.04% and was between 0.8022 SGD and 0.8054 SGD. This implies that the price is at +0.16% from its lowest and at -0.24% from its highest.

0.8022

0.8054

0.8035

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

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 Daily of this NZD/SGD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.7607	0.7931	0.8035	0.8226	0.8459	0.8571
Change (%)	-5.33%	-1.29%	-	+2.38%	+5.28%	+6.67%
Change	-0.0428	-0.0104	-	+0.0191	+0.0424	+0.0536
Level	Minor	Intermediate	-	Major	Major	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	0.7990	0.8009	0.8023	0.8042	0.8056	0.8075	0.8089
Camarilla	0.8029	0.8032	0.8035	0.8038	0.8041	0.8044	0.8047
Woodie	0.7989	0.8008	0.8022	0.8041	0.8055	0.8074	0.8088
Fibonacci	0.8009	0.8021	0.8029	0.8042	0.8054	0.8062	0.8075

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7897	0.7962	0.8000	0.8065	0.8103	0.8168	0.8206
Camarilla	0.8010	0.8019	0.8029	0.8038	0.8047	0.8057	0.8066
Woodie	0.7884	0.7955	0.7987	0.8058	0.8090	0.8161	0.8193
Fibonacci	0.7962	0.8001	0.8026	0.8065	0.8104	0.8129	0.8168

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7821	0.7992	0.8121	0.8292	0.8421	0.8592	0.8721
Camarilla	0.8167	0.8194	0.8222	0.8249	0.8277	0.8304	0.8332
Woodie	0.7799	0.7982	0.8099	0.8282	0.8399	0.8582	0.8699
Fibonacci	0.7992	0.8107	0.8178	0.8292	0.8407	0.8478	0.8592

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):	27.56
MACD (12,26,9):	-0.0061
Directional Movement:	-16.2821
AROON (14):	-100.0000
DEMA (21):	0.8062
Parabolic SAR (0,02-0,02-0,2):	0.8164
Elder Ray (13):	-0.0066
Super Trend (3,10):	0.8204
Zig ZAG (10):	0.8033
VORTEX (21):	0.8492
Stochastique (14,3,5):	5.05
TEMA (21):	0.8028
Williams %R (14):	-94.21
Chande Momentum Oscillator (20):	-0.0119
Repulse (5,40,3):	-0.6507
ROCnROLL:	2
TRIX (15,9):	-0.0910
Courbe Coppock:	3.47

MA7:	0.8068
MA20:	0.8148
MA50:	0.8250
MA100:	0.8264
MAexp7:	0.8068
MAexp20:	0.8138
MAexp50:	0.8210
MAexp100:	0.8255
Price / MA7:	-0.41%
Price / MA20:	-1.39%
Price / MA50:	-2.61%
Price / MA100:	-2.77%
Price / MAexp7:	-0.41%
Price / MAexp20:	-1.27%
Price / MAexp50:	-2.13%
Price / MAexp100:	-2.67%

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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