NZD/SGD - 1H - Technical analysis published on 09/06/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 0.8035 SGD
My targets
0.7991 SGD (-0.0016)
0.7931 SGD (-0.0076)
My analysis
The bearish basic trend is very strong on NZD/SGD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.8035 SGD. Crossing the first support at 0.7991 SGD would be a sign of a further potential price plummet. 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. Caution, a return to above the resistance located at 0.8035 SGD would be a sign of a possible consolidation phase of the short-term basic trend. 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
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/SGD rating 0.8007 SGD. The price registered a decrease of -0.01% on the session and was between 0.7990 SGD and 0.8032 SGD. This implies that the price is at +0.21% from its lowest and at -0.31% from its highest.0.7990
0.8032
0.8007
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/SGD indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.7931 | 0.7991 | 0.8005 | 0.8007 | 0.8035 | 0.8061 | 0.8082 |
| Change (%) | -0.95% | -0.20% | -0.02% | - | +0.35% | +0.67% | +0.94% |
| Change | -0.0076 | -0.0016 | -0.0002 | - | +0.0028 | +0.0054 | +0.0075 |
| Level | Major | 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 | 0.7909 | 0.7945 | 0.7977 | 0.8013 | 0.8045 | 0.8081 | 0.8113 |
| Camarilla | 0.7989 | 0.7996 | 0.8002 | 0.8008 | 0.8014 | 0.8021 | 0.8027 |
| Woodie | 0.7906 | 0.7944 | 0.7974 | 0.8012 | 0.8042 | 0.8080 | 0.8110 |
| Fibonacci | 0.7945 | 0.7971 | 0.7987 | 0.8013 | 0.8039 | 0.8055 | 0.8081 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7872 | 0.7931 | 0.7985 | 0.8044 | 0.8098 | 0.8157 | 0.8211 |
| Camarilla | 0.8007 | 0.8017 | 0.8028 | 0.8038 | 0.8048 | 0.8059 | 0.8069 |
| Woodie | 0.7869 | 0.7930 | 0.7982 | 0.8043 | 0.8095 | 0.8156 | 0.8208 |
| Fibonacci | 0.7931 | 0.7975 | 0.8001 | 0.8044 | 0.8088 | 0.8114 | 0.8157 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7678 | 0.7834 | 0.7953 | 0.8109 | 0.8228 | 0.8384 | 0.8503 |
| Camarilla | 0.7995 | 0.8021 | 0.8046 | 0.8071 | 0.8096 | 0.8121 | 0.8147 |
| Woodie | 0.7659 | 0.7825 | 0.7934 | 0.8100 | 0.8209 | 0.8375 | 0.8484 |
| Fibonacci | 0.7834 | 0.7939 | 0.8004 | 0.8109 | 0.8214 | 0.8279 | 0.8384 |
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): | 46.16 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -9.1890 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 0.8010 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8028 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 0.7988 | |
| Zig ZAG (10): | 0.8009 | |
| VORTEX (21): | 0.9849 | |
| Stochastique (14,3,5): | 29.73 | |
| TEMA (21): | 0.8011 | |
| Williams %R (14): | -64.86 | |
| Chande Momentum Oscillator (20): | -0.0007 | |
| Repulse (5,40,3): | 0.0259 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.11 |
| MA7: | 0.8038 | |
| MA20: | 0.8053 | |
| MA50: | 0.8186 | |
| MA100: | 0.8233 | |
| MAexp7: | 0.8009 | |
| MAexp20: | 0.8012 | |
| MAexp50: | 0.8018 | |
| MAexp100: | 0.8026 | |
| Price / MA7: | -0.39% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -2.19% | |
| Price / MA100: | -2.75% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.24% |
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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