AUD/SGD - 1H - Technical analysis published on 06/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 0.9639 SGD
My targets
0.9568 SGD (-0.0049)
0.9532 SGD (-0.0085)
My analysis
The bearish trend is currently very strong for AUD/SGD. As long as the price remains below the resistance at 0.9639 SGD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.9568 SGD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.9532 SGD as an objective. Crossing it would then enable sellers to target 0.9487 SGD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/SGD rating 0.9617 SGD. On the day, this instrument lost -0.38% with the lowest point at 0.9604 SGD and the highest point at 0.9666 SGD. The deviation from the price is +0.14% for the low point and -0.51% for the high point.0.9604
0.9666
0.9617
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/SGD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/SGD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.9452 | 0.9487 | 0.9532 | 0.9617 | 0.9639 | 0.9690 | 0.9750 |
| Change (%) | -1.72% | -1.35% | -0.88% | - | +0.23% | +0.76% | +1.38% |
| Change | -0.0165 | -0.0130 | -0.0085 | - | +0.0022 | +0.0073 | +0.0133 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9502 | 0.9571 | 0.9612 | 0.9681 | 0.9722 | 0.9791 | 0.9832 |
| Camarilla | 0.9624 | 0.9634 | 0.9644 | 0.9654 | 0.9664 | 0.9674 | 0.9684 |
| Woodie | 0.9489 | 0.9564 | 0.9599 | 0.9674 | 0.9709 | 0.9784 | 0.9819 |
| Fibonacci | 0.9571 | 0.9613 | 0.9639 | 0.9681 | 0.9723 | 0.9749 | 0.9791 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9125 | 0.9260 | 0.9486 | 0.9621 | 0.9847 | 0.9982 | 1.0208 |
| Camarilla | 0.9612 | 0.9645 | 0.9678 | 0.9711 | 0.9744 | 0.9777 | 0.9810 |
| Woodie | 0.9170 | 0.9283 | 0.9531 | 0.9644 | 0.9892 | 1.0005 | 1.0253 |
| Fibonacci | 0.9260 | 0.9398 | 0.9483 | 0.9621 | 0.9759 | 0.9844 | 0.9982 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8756 | 0.8901 | 0.9162 | 0.9307 | 0.9568 | 0.9713 | 0.9974 |
| Camarilla | 0.9311 | 0.9349 | 0.9386 | 0.9423 | 0.9460 | 0.9497 | 0.9535 |
| Woodie | 0.8814 | 0.8930 | 0.9220 | 0.9336 | 0.9626 | 0.9742 | 1.0032 |
| Fibonacci | 0.8901 | 0.9056 | 0.9152 | 0.9307 | 0.9462 | 0.9558 | 0.9713 |
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): | 30.50 | |
| MACD (12,26,9): | -0.0016 | |
| Directional Movement: | -2.7613 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 0.9632 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9647 | |
| Elder Ray (13): | -0.0023 | |
| Super Trend (3,10): | 0.9678 | |
| Zig ZAG (10): | 0.9618 | |
| VORTEX (21): | 0.8378 | |
| Stochastique (14,3,5): | 10.37 | |
| TEMA (21): | 0.9621 | |
| Williams %R (14): | -84.48 | |
| Chande Momentum Oscillator (20): | -0.0059 | |
| Repulse (5,40,3): | -0.0182 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0158 | |
| Courbe Coppock: | 1.37 |
| MA7: | 0.9682 | |
| MA20: | 0.9479 | |
| MA50: | 0.9226 | |
| MA100: | 0.9127 | |
| MAexp7: | 0.9634 | |
| MAexp20: | 0.9652 | |
| MAexp50: | 0.9670 | |
| MAexp100: | 0.9673 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | +1.46% | |
| Price / MA50: | +4.24% | |
| Price / MA100: | +5.37% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | -0.58% |
Quotes :
2020-06-11 08:52:36
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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.
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