AUD/SGD

- SGD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	AUDSGD
ISIN:

AUD/SGD - 1H - Technical analysis published on 11/20/2023 (GMT)

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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 0.8768 SGD

My targets

0.8814 SGD (+0.0019)

0.8829 SGD (+0.0034)

My analysis

The bullish trend is currently very strong on AUD/SGD. As long as the price remains above the support at 0.8768 SGD, you could try to benefit from the boom. The first bullish objective is located at 0.8814 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.8829 SGD as an objective. Crossing it would then enable buyers to target 0.8985 SGD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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 hannahfreeman. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

AUD/SGD rating 0.8795 SGD. On the day, this instrument gained +0.47% and was traded between 0.8727 SGD and 0.8798 SGD over the period. The price is currently at +0.78% from its lowest and -0.03% from its highest.

0.8727

0.8798

0.8795

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

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

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of AUD/SGD in 1H shows a strongly overall bullish trend. 89.29% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.8753	0.8768	0.8792	0.8795	0.8814	0.8829	0.8985
Change (%)	-0.48%	-0.31%	-0.03%	-	+0.22%	+0.39%	+2.16%
Change	-0.0042	-0.0027	-0.0003	-	+0.0019	+0.0034	+0.0190
Level	Intermediate	Minor	Minor	-	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	0.8665	0.8685	0.8719	0.8739	0.8773	0.8793	0.8827
Camarilla	0.8739	0.8744	0.8749	0.8754	0.8759	0.8764	0.8769
Woodie	0.8673	0.8689	0.8727	0.8743	0.8781	0.8797	0.8835
Fibonacci	0.8685	0.8705	0.8718	0.8739	0.8759	0.8772	0.8793

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8481	0.8559	0.8657	0.8735	0.8833	0.8911	0.9009
Camarilla	0.8706	0.8722	0.8738	0.8754	0.8770	0.8786	0.8802
Woodie	0.8490	0.8564	0.8666	0.8740	0.8842	0.8916	0.9018
Fibonacci	0.8559	0.8627	0.8668	0.8735	0.8803	0.8844	0.8911

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.8394	0.8502	0.8591	0.8699	0.8788	0.8896	0.8985
Camarilla	0.8625	0.8643	0.8661	0.8679	0.8697	0.8715	0.8733
Woodie	0.8384	0.8497	0.8581	0.8694	0.8778	0.8891	0.8975
Fibonacci	0.8502	0.8578	0.8624	0.8699	0.8775	0.8821	0.8896

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	74.95
MACD (12,26,9):	0.0014
Directional Movement:	17.7255
AROON (14):	71.4286
DEMA (21):	0.8777
Parabolic SAR (0,02-0,02-0,2):	0.8756
Elder Ray (13):	0.0021
Super Trend (3,10):	0.8749
Zig ZAG (10):	0.8791
VORTEX (21):	1.1696
Stochastique (14,3,5):	89.47
TEMA (21):	0.8788
Williams %R (14):	-7.35
Chande Momentum Oscillator (20):	0.0042
Repulse (5,40,3):	0.1694
ROCnROLL:	1
TRIX (15,9):	0.0157
Courbe Coppock:	0.84

MA7:	0.8735
MA20:	0.8719
MA50:	0.8726
MA100:	0.8785
MAexp7:	0.8779
MAexp20:	0.8761
MAexp50:	0.8749
MAexp100:	0.8740
Price / MA7:	+0.69%
Price / MA20:	+0.87%
Price / MA50:	+0.79%
Price / MA100:	+0.11%
Price / MAexp7:	+0.18%
Price / MAexp20:	+0.39%
Price / MAexp50:	+0.53%
Price / MAexp100:	+0.63%

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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