AUD/SGD - Daily - Technical analysis published on 07/19/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 1.0053 SGD
My targets
0.9845 SGD (-0.0158)
0.9772 SGD (-0.0231)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/SGD as long as the price remains well below 1.0053 SGD. The sellers' bearish objective is set at 0.9845 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.9772 SGD. In case of crossing, the next objective would be the support located at 0.9565 SGD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.5
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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 1.0003 SGD. The price is lower by -0.35% since the last closing with the lowest point at 0.9984 SGD and the highest point at 1.0053 SGD. The deviation from the price is +0.19% for the low point and -0.50% for the high point.0.9984
1.0053
1.0003
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this AUD/SGD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
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:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
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 | 0.9565 | 0.9772 | 0.9845 | 1.0003 | 1.0053 | 1.0211 | 1.0299 |
| Change (%) | -4.38% | -2.31% | -1.58% | - | +0.50% | +2.08% | +2.96% |
| Change | -0.0438 | -0.0231 | -0.0158 | - | +0.0050 | +0.0208 | +0.0296 |
| Level | Minor | Minor | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9970 | 1.0000 | 1.0019 | 1.0049 | 1.0068 | 1.0098 | 1.0117 |
| Camarilla | 1.0025 | 1.0029 | 1.0034 | 1.0038 | 1.0043 | 1.0047 | 1.0052 |
| Woodie | 0.9965 | 0.9997 | 1.0014 | 1.0046 | 1.0063 | 1.0095 | 1.0112 |
| Fibonacci | 1.0000 | 1.0019 | 1.0030 | 1.0049 | 1.0068 | 1.0079 | 1.0098 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9897 | 0.9963 | 1.0001 | 1.0067 | 1.0105 | 1.0171 | 1.0209 |
| Camarilla | 1.0009 | 1.0019 | 1.0029 | 1.0038 | 1.0048 | 1.0057 | 1.0067 |
| Woodie | 0.9882 | 0.9956 | 0.9986 | 1.0060 | 1.0090 | 1.0164 | 1.0194 |
| Fibonacci | 0.9963 | 1.0003 | 1.0028 | 1.0067 | 1.0107 | 1.0132 | 1.0171 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9756 | 0.9900 | 0.9992 | 1.0136 | 1.0228 | 1.0372 | 1.0464 |
| Camarilla | 1.0020 | 1.0042 | 1.0063 | 1.0085 | 1.0107 | 1.0128 | 1.0150 |
| Woodie | 0.9731 | 0.9887 | 0.9967 | 1.0123 | 1.0203 | 1.0359 | 1.0439 |
| Fibonacci | 0.9900 | 0.9990 | 1.0046 | 1.0136 | 1.0226 | 1.0282 | 1.0372 |
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): | 35.71 | |
| MACD (12,26,9): | -0.0041 | |
| Directional Movement: | -12.9908 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.0050 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0144 | |
| Elder Ray (13): | -0.0065 | |
| Super Trend (3,10): | 1.0210 | |
| Zig ZAG (10): | 1.0000 | |
| VORTEX (21): | 0.9501 | |
| Stochastique (14,3,5): | 7.85 | |
| TEMA (21): | 1.0042 | |
| Williams %R (14): | -92.69 | |
| Chande Momentum Oscillator (20): | -0.0077 | |
| Repulse (5,40,3): | -0.9943 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0530 | |
| Courbe Coppock: | 1.46 |
| MA7: | 1.0077 | |
| MA20: | 1.0110 | |
| MA50: | 1.0197 | |
| MA100: | 1.0257 | |
| MAexp7: | 1.0062 | |
| MAexp20: | 1.0104 | |
| MAexp50: | 1.0169 | |
| MAexp100: | 1.0196 | |
| Price / MA7: | -0.73% | |
| Price / MA20: | -1.06% | |
| Price / MA50: | -1.90% | |
| Price / MA100: | -2.48% | |
| Price / MAexp7: | -0.59% | |
| Price / MAexp20: | -1.00% | |
| Price / MAexp50: | -1.63% | |
| Price / MAexp100: | -1.89% |
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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