Londinia Opportunities Analyses - 11/14/2024 (GMT) CAD/SGD - 1H

- SGD (-)

- Real time data - Forex

Type:	Forex
Ticker:	CADSGD
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 0.9562 SGD

My targets

0.9683 SGD (+0.0072)

0.9742 SGD (+0.0131)

My analysis

CAD/SGD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.9562 SGD. The next resistance located at 0.9683 SGD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.9742 SGD. After this resistance, buyers could then target 0.9873 SGD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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Additional analysis

Quotes

The CAD/SGD rating is 0.9611 SGD. On the day, this instrument gained +0.16% and was traded between 0.9594 SGD and 0.9611 SGD over the period. The price is currently at +0.18% from its lowest and 0% from its highest.

0.9594

0.9611

Here is a more detailed summary of the historical variations registered by CAD/SGD:

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 HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAD/SGD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.9512	0.9530	0.9562	0.9611	0.9612	0.9683	0.9873
Change (%)	-1.03%	-0.84%	-0.51%	-	+0.01%	+0.75%	+2.73%
Change	-0.0099	-0.0081	-0.0049	-	+0.0001	+0.0072	+0.0262
Level	Intermediate	Minor	Major	-	Intermediate	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9533	0.9550	0.9573	0.9590	0.9613	0.9630	0.9653
Camarilla	0.9585	0.9589	0.9592	0.9596	0.9600	0.9603	0.9607
Woodie	0.9536	0.9552	0.9576	0.9592	0.9616	0.9632	0.9656
Fibonacci	0.9550	0.9565	0.9575	0.9590	0.9605	0.9615	0.9630

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9319	0.9390	0.9460	0.9531	0.9601	0.9672	0.9742
Camarilla	0.9490	0.9503	0.9516	0.9529	0.9542	0.9555	0.9568
Woodie	0.9318	0.9390	0.9459	0.9531	0.9600	0.9672	0.9741
Fibonacci	0.9390	0.9444	0.9478	0.9531	0.9585	0.9619	0.9672

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.9245	0.9349	0.9410	0.9514	0.9575	0.9679	0.9740
Camarilla	0.9425	0.9440	0.9455	0.9470	0.9485	0.9500	0.9515
Woodie	0.9223	0.9338	0.9388	0.9503	0.9553	0.9668	0.9718
Fibonacci	0.9349	0.9412	0.9451	0.9514	0.9577	0.9616	0.9679

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.36
MACD (12,26,9):	0.0004
Directional Movement:	5.8589
AROON (14):	78.5714
DEMA (21):	0.9605
Parabolic SAR (0,02-0,02-0,2):	0.9589
Elder Ray (13):	0.0005
Super Trend (3,10):	0.9611
Zig ZAG (10):	0.9611
VORTEX (21):	1.1165
Stochastique (14,3,5):	70.15
TEMA (21):	0.9606
Williams %R (14):	-9.09
Chande Momentum Oscillator (20):	0.0015
Repulse (5,40,3):	0.0730
ROCnROLL:	1
TRIX (15,9):	0.0044
Courbe Coppock:	0.23

MA7:	0.9570
MA20:	0.9531
MA50:	0.9540
MA100:	0.9631
MAexp7:	0.9604
MAexp20:	0.9600
MAexp50:	0.9592
MAexp100:	0.9579
Price / MA7:	+0.43%
Price / MA20:	+0.84%
Price / MA50:	+0.74%
Price / MA100:	-0.21%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.11%
Price / MAexp50:	+0.20%
Price / MAexp100:	+0.33%

Quotes : - Real time data - Forex