AUD/SGD - 1H - Technical analysis published on 10/20/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.9604 SGD
My targets
0.9477 SGD (-0.0092)
0.9452 SGD (-0.0117)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.9604 SGD remains possible. It is advisable to trade AUD/SGD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.9604 SGD. The next bearish objective for sellers is set at 0.9477 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.9452 SGD. In case of crossing, the next objective would be the support located at 0.9135 SGD. PS: if there is a bullish break in the resistance located at 0.9604 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.1
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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 0.9569 SGD. The price registered a decrease of -0.16% on the session with the lowest point at 0.9534 SGD and the highest point at 0.9586 SGD. The deviation from the price is +0.37% for the low point and -0.18% for the high point.0.9534
0.9586
0.9569
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/SGD indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.8801 | 0.9135 | 0.9452 | 0.9569 | 0.9604 | 0.9655 | 0.9685 |
| Change (%) | -8.03% | -4.54% | -1.22% | - | +0.37% | +0.90% | +1.21% |
| Change | -0.0768 | -0.0434 | -0.0117 | - | +0.0035 | +0.0086 | +0.0116 |
| Level | Minor | Major | Major | - | 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 | 0.9473 | 0.9523 | 0.9554 | 0.9604 | 0.9635 | 0.9685 | 0.9716 |
| Camarilla | 0.9562 | 0.9569 | 0.9577 | 0.9584 | 0.9591 | 0.9599 | 0.9606 |
| Woodie | 0.9463 | 0.9518 | 0.9544 | 0.9599 | 0.9625 | 0.9680 | 0.9706 |
| Fibonacci | 0.9523 | 0.9554 | 0.9573 | 0.9604 | 0.9635 | 0.9654 | 0.9685 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9344 | 0.9477 | 0.9546 | 0.9679 | 0.9748 | 0.9881 | 0.9950 |
| Camarilla | 0.9560 | 0.9578 | 0.9597 | 0.9615 | 0.9634 | 0.9652 | 0.9671 |
| Woodie | 0.9312 | 0.9461 | 0.9514 | 0.9663 | 0.9716 | 0.9865 | 0.9918 |
| Fibonacci | 0.9477 | 0.9554 | 0.9602 | 0.9679 | 0.9756 | 0.9804 | 0.9881 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9214 | 0.9438 | 0.9610 | 0.9834 | 1.0006 | 1.0230 | 1.0402 |
| Camarilla | 0.9672 | 0.9708 | 0.9745 | 0.9781 | 0.9817 | 0.9854 | 0.9890 |
| Woodie | 0.9187 | 0.9425 | 0.9583 | 0.9821 | 0.9979 | 1.0217 | 1.0375 |
| Fibonacci | 0.9438 | 0.9590 | 0.9683 | 0.9834 | 0.9986 | 1.0079 | 1.0230 |
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): | 45.39 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -3.4528 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 0.9549 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9534 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 0.9583 | |
| Zig ZAG (10): | 0.9571 | |
| VORTEX (21): | 0.9017 | |
| Stochastique (14,3,5): | 64.87 | |
| TEMA (21): | 0.9548 | |
| Williams %R (14): | -15.38 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.2319 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0258 | |
| Courbe Coppock: | 0.44 |
| MA7: | 0.9662 | |
| MA20: | 0.9714 | |
| MA50: | 0.9828 | |
| MA100: | 0.9771 | |
| MAexp7: | 0.9560 | |
| MAexp20: | 0.9568 | |
| MAexp50: | 0.9595 | |
| MAexp100: | 0.9628 | |
| Price / MA7: | -0.96% | |
| Price / MA20: | -1.49% | |
| Price / MA50: | -2.64% | |
| Price / MA100: | -2.07% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.61% |
Quotes :
2020-10-20 16:26:18
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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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