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 09/04/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 0.8122 SGD

My targets

0.8055 SGD (-0.0028)

0.8040 SGD (-0.0043)

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 0.8122 SGD. Crossing the first support at 0.8055 SGD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.8040 SGD as an objective. Crossing it would then enable sellers to target 0.8019 SGD. Caution, a return to above the resistance located at 0.8122 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.2

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

NZD/SGD rating 0.8083 SGD. The price registered a decrease of -0.01% on the session and was between 0.8065 SGD and 0.8103 SGD. This implies that the price is at +0.22% from its lowest and at -0.25% from its highest.

0.8065

0.8103

0.8083

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 LOW record (1st january)

Type : Bearish

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 strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

Near support of channel

Type : Bullish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8040	0.8055	0.8079	0.8083	0.8091	0.8122	0.8144
Change (%)	-0.53%	-0.35%	-0.05%	-	+0.10%	+0.48%	+0.75%
Change	-0.0043	-0.0028	-0.0004	-	+0.0008	+0.0039	+0.0061
Level	Intermediate	Minor	Intermediate	-	Minor	Intermediate	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
Standard	0.7986	0.8032	0.8058	0.8104	0.8130	0.8176	0.8202
Camarilla	0.8064	0.8071	0.8077	0.8084	0.8091	0.8097	0.8104
Woodie	0.7976	0.8027	0.8048	0.8099	0.8120	0.8171	0.8192
Fibonacci	0.8032	0.8060	0.8077	0.8104	0.8132	0.8149	0.8176

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7975	0.8025	0.8095	0.8145	0.8215	0.8265	0.8335
Camarilla	0.8131	0.8142	0.8153	0.8164	0.8175	0.8186	0.8197
Woodie	0.7984	0.8030	0.8104	0.8150	0.8224	0.8270	0.8344
Fibonacci	0.8025	0.8071	0.8100	0.8145	0.8191	0.8220	0.8265

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.7420	0.7581	0.7873	0.8034	0.8326	0.8487	0.8779
Camarilla	0.8039	0.8081	0.8123	0.8164	0.8206	0.8247	0.8289
Woodie	0.7485	0.7614	0.7938	0.8067	0.8391	0.8520	0.8844
Fibonacci	0.7581	0.7754	0.7861	0.8034	0.8207	0.8314	0.8487

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):	41.38
MACD (12,26,9):	-0.0004
Directional Movement:	-12.3688
AROON (14):	57.1429
DEMA (21):	0.8079
Parabolic SAR (0,02-0,02-0,2):	0.8102
Elder Ray (13):	-0.0005
Super Trend (3,10):	0.8107
Zig ZAG (10):	0.8080
VORTEX (21):	0.9835
Stochastique (14,3,5):	37.25
TEMA (21):	0.8084
Williams %R (14):	-61.76
Chande Momentum Oscillator (20):	-0.0002
Repulse (5,40,3):	-0.0589
ROCnROLL:	2
TRIX (15,9):	-0.0094
Courbe Coppock:	0.18

MA7:	0.8128
MA20:	0.8044
MA50:	0.8074
MA100:	0.8143
MAexp7:	0.8084
MAexp20:	0.8086
MAexp50:	0.8099
MAexp100:	0.8112
Price / MA7:	-0.55%
Price / MA20:	+0.48%
Price / MA50:	+0.11%
Price / MA100:	-0.74%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.04%
Price / MAexp50:	-0.20%
Price / MAexp100:	-0.36%

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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