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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 08/28/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.8038 SGD
My targets
0.7993 SGD (-0.0019)
0.7931 SGD (-0.0081)
My analysis
The bearish trend is currently very strong for NZD/SGD. As long as the price remains below the resistance at 0.8038 SGD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.7993 SGD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.7931 SGD as an objective. Crossing it would then enable sellers to target 0.7607 SGD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
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 0.8012 SGD. On the day, this instrument lost -0.01% and was between 0.7991 SGD and 0.8027 SGD. This implies that the price is at +0.26% from its lowest and at -0.19% from its highest.

0.7991
0.8027
0.8012

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

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


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 1H of this NZD/SGD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.7931 0.7993 0.8010 0.8012 0.8038 0.8060 0.8094
Change (%) -1.01% -0.24% -0.02% - +0.32% +0.60% +1.02%
Change -0.0081 -0.0019 -0.0002 - +0.0026 +0.0048 +0.0082
Level Intermediate Minor Intermediate - Major Minor Intermediate



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
Standard0.79450.79690.79910.80150.80370.80610.8083
Camarilla0.80000.80050.80090.80130.80170.80210.8026
Woodie0.79440.79690.79900.80150.80360.80610.8082
Fibonacci0.79690.79870.79970.80150.80330.80430.8061


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.78720.79320.79730.80330.80740.81340.8175
Camarilla0.79850.79950.80040.80130.80220.80320.8041
Woodie0.78620.79270.79630.80280.80640.81290.8165
Fibonacci0.79320.79710.79950.80330.80720.80960.8134


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.78210.79920.81210.82920.84210.85920.8721
Camarilla0.81670.81940.82220.82490.82770.83040.8332
Woodie0.77990.79820.80990.82820.83990.85820.8699
Fibonacci0.79920.81070.81780.82920.84070.84780.8592

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): 45.42
MACD (12,26,9): -0.0002
Directional Movement: -6.6444
AROON (14): -21.4286
DEMA (21): 0.8012
Parabolic SAR (0,02-0,02-0,2): 0.8005
Elder Ray (13): -0.0002
Super Trend (3,10): 0.8037
Zig ZAG (10): 0.8010
VORTEX (21): 0.9593
Stochastique (14,3,5): 52.56
TEMA (21): 0.8014
Williams %R (14): -73.08
Chande Momentum Oscillator (20): -0.0014
Repulse (5,40,3): -0.1034
ROCnROLL: 2
TRIX (15,9): -0.0033
Courbe Coppock: 0.01
MA7: 0.8040
MA20: 0.8100
MA50: 0.8223
MA100: 0.8249
MAexp7: 0.8013
MAexp20: 0.8015
MAexp50: 0.8022
MAexp100: 0.8034
Price / MA7: -0.35%
Price / MA20: -1.09%
Price / MA50: -2.57%
Price / MA100: -2.87%
Price / MAexp7: -0.01%
Price / MAexp20: -0.04%
Price / MAexp50: -0.12%
Price / MAexp100: -0.27%

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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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