JPY/SGD - 1H - Technical analysis published on 07/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 0.00949 SGD
My targets
0.00945 SGD (-0.00001)
0.00941 SGD (-0.00005)
My analysis
The basic trend is currently slightly bearish on JPY/SGD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 0.00949 SGD, sales could be favoured. The first bearish objective would be located at 0.00945 SGD. Sellers would then use the next support located at 0.00941 SGD as an objective. Crossing it would then enable sellers to target 0.00938 SGD. A return to above the resistance at 0.00949 SGD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.9
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Additional analysis
Quotes
The JPY/SGD price is 0.00946 SGD. On the day, this instrument gained +0.32% and was between 0.00944 SGD and 0.00946 SGD. This implies that the price is at +0.21% from its lowest and at 0% from its highest.0.00944
0.00946
0.00946
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 JPY/SGD indicates that the overall trend is slightly bearish. 46.43% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.00938 | 0.00941 | 0.00945 | 0.00946 | 0.00949 | 0.00961 | 0.00964 |
| Change (%) | -0.85% | -0.53% | -0.11% | - | +0.32% | +1.59% | +1.90% |
| Change | -0.00008 | -0.00005 | -0.00001 | - | +0.00003 | +0.00015 | +0.00018 |
| Level | Minor | Intermediate | 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 | 0.00915 | 0.00929 | 0.00936 | 0.00950 | 0.00957 | 0.00971 | 0.00978 |
| Camarilla | 0.00937 | 0.00939 | 0.00941 | 0.00943 | 0.00945 | 0.00947 | 0.00949 |
| Woodie | 0.00912 | 0.00927 | 0.00933 | 0.00948 | 0.00954 | 0.00969 | 0.00975 |
| Fibonacci | 0.00929 | 0.00937 | 0.00942 | 0.00950 | 0.00958 | 0.00963 | 0.00971 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00907 | 0.00922 | 0.00933 | 0.00948 | 0.00959 | 0.00974 | 0.00985 |
| Camarilla | 0.00936 | 0.00938 | 0.00941 | 0.00943 | 0.00945 | 0.00948 | 0.00950 |
| Woodie | 0.00904 | 0.00921 | 0.00930 | 0.00947 | 0.00956 | 0.00973 | 0.00982 |
| Fibonacci | 0.00922 | 0.00932 | 0.00938 | 0.00948 | 0.00958 | 0.00964 | 0.00974 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.00883 | 0.00909 | 0.00923 | 0.00949 | 0.00963 | 0.00989 | 0.01003 |
| Camarilla | 0.00926 | 0.00930 | 0.00933 | 0.00937 | 0.00941 | 0.00944 | 0.00948 |
| Woodie | 0.00877 | 0.00906 | 0.00917 | 0.00946 | 0.00957 | 0.00986 | 0.00997 |
| Fibonacci | 0.00909 | 0.00924 | 0.00934 | 0.00949 | 0.00964 | 0.00974 | 0.00989 |
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): | 41.50 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -11.98532 | |
| AROON (14): | -57.14286 | |
| DEMA (21): | 0.00946 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.00958 | |
| Elder Ray (13): | -0.00003 | |
| Super Trend (3,10): | 0.00952 | |
| Zig ZAG (10): | 0.00945 | |
| VORTEX (21): | 0.8608 | |
| Stochastique (14,3,5): | 11.11 | |
| TEMA (21): | 0.00943 | |
| Williams %R (14): | -86.67 | |
| Chande Momentum Oscillator (20): | -0.00011 | |
| Repulse (5,40,3): | 0.0502 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0184 | |
| Courbe Coppock: | 2.29 |
| MA7: | 0.00945 | |
| MA20: | 0.00948 | |
| MA50: | 0.00952 | |
| MA100: | 0.00974 | |
| MAexp7: | 0.00945 | |
| MAexp20: | 0.00948 | |
| MAexp50: | 0.00948 | |
| MAexp100: | 0.00947 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | -0.63% | |
| Price / MA100: | -2.87% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.11% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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