JPY/SGD

- SGD (-)

- Real time data - Forex

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High / Low range:	-

Type:	Forex
Ticker:	JPYSGD
ISIN:

JPY/SGD - 1H - Technical analysis published on 01/30/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.00908 SGD

My targets

0.00910 SGD (+0.00001)

0.00911 SGD (+0.00002)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/SGD as long as the price remains well above 0.00908 SGD. The buyers' bullish objective is set at 0.00910 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.00911 SGD. If there is any crossing, the next objective would be the resistance located at 0.00914 SGD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

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

The JPY/SGD rating is 0.00909 SGD. The price has increased by +0.11% since the last closing and was between 0.00908 SGD and 0.00910 SGD. This implies that the price is at +0.11% from its lowest and at -0.11% from its highest.

0.00908

0.00910

0.00909

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

The Central Records scanner for higher/lower results shows the following items:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of JPY/SGD in 1H shows a strongly overall bullish trend. 85.71% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.00906	0.00907	0.00908	0.00909	0.00910	0.00911	0.00914
Change (%)	-0.33%	-0.22%	-0.11%	-	+0.11%	+0.22%	+0.55%
Change	-0.00003	-0.00002	-0.00001	-	+0.00001	+0.00002	+0.00005
Level	Minor	Intermediate	Minor	-	Intermediate	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	0.00899	0.00901	0.00905	0.00907	0.00911	0.00913	0.00917
Camarilla	0.00906	0.00907	0.00908	0.00908	0.00909	0.00909	0.00910
Woodie	0.00899	0.00902	0.00905	0.00908	0.00911	0.00914	0.00917
Fibonacci	0.00901	0.00904	0.00905	0.00907	0.00910	0.00911	0.00913

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.00894	0.00898	0.00902	0.00906	0.00910	0.00914	0.00918
Camarilla	0.00903	0.00904	0.00904	0.00905	0.00906	0.00907	0.00907
Woodie	0.00893	0.00898	0.00901	0.00906	0.00909	0.00914	0.00917
Fibonacci	0.00898	0.00901	0.00903	0.00906	0.00909	0.00911	0.00914

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.00870	0.00886	0.00911	0.00927	0.00952	0.00968	0.00993
Camarilla	0.00925	0.00929	0.00932	0.00936	0.00940	0.00944	0.00947
Woodie	0.00875	0.00888	0.00916	0.00929	0.00957	0.00970	0.00998
Fibonacci	0.00886	0.00902	0.00911	0.00927	0.00943	0.00952	0.00968

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):	59.46
MACD (12,26,9):	0.0000
Directional Movement:	20.62447
AROON (14):	57.14286
DEMA (21):	0.00909
Parabolic SAR (0,02-0,02-0,2):	0.00907
Elder Ray (13):	0.00001
Super Trend (3,10):	0.00905
Zig ZAG (10):	0.00909
VORTEX (21):	1.1111
Stochastique (14,3,5):	75.00
TEMA (21):	0.00909
Williams %R (14):	-25.00
Chande Momentum Oscillator (20):	0.00002
Repulse (5,40,3):	0.0297
ROCnROLL:	1
TRIX (15,9):	0.0091
Courbe Coppock:	0.39

MA7:	0.00907
MA20:	0.00913
MA50:	0.00916
MA100:	0.00915
MAexp7:	0.00909
MAexp20:	0.00908
MAexp50:	0.00907
MAexp100:	0.00907
Price / MA7:	+0.22%
Price / MA20:	-0.44%
Price / MA50:	-0.76%
Price / MA100:	-0.66%
Price / MAexp7:	-0%
Price / MAexp20:	+0.11%
Price / MAexp50:	+0.22%
Price / MAexp100:	+0.22%

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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