AUD/SGD - 1H - Technical analysis published on 01/23/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 0.8851 SGD
My targets
0.8803 SGD (-0.0027)
0.8776 SGD (-0.0054)
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 0.8851 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 0.8851 SGD. The next bearish objective for sellers is set at 0.8803 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.8776 SGD. In case of crossing, the next objective would be the support located at 0.8674 SGD. PS: if there is a bullish break in the resistance located at 0.8851 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 neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3
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This analysis was given by Danny_gujjar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/SGD price is 0.8830 SGD. The price registered an increase of +0.13% on the session and was traded between 0.8819 SGD and 0.8834 SGD over the period. The price is currently at +0.12% from its lowest and -0.05% from its highest.0.8819
0.8834
0.8830
Here is a more detailed summary of the historical variations registered by AUD/SGD:
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 AUD/SGD in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% 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
On the 18 technical indicators analysed, 8 are bullish, 5 are neutral and 5 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8776 | 0.8803 | 0.8829 | 0.8830 | 0.8851 | 0.8867 | 0.8900 |
| Change (%) | -0.61% | -0.31% | -0.01% | - | +0.24% | +0.42% | +0.79% |
| Change | -0.0054 | -0.0027 | -0.0001 | - | +0.0021 | +0.0037 | +0.0070 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8755 | 0.8782 | 0.8801 | 0.8828 | 0.8847 | 0.8874 | 0.8893 |
| Camarilla | 0.8806 | 0.8811 | 0.8815 | 0.8819 | 0.8823 | 0.8827 | 0.8832 |
| Woodie | 0.8750 | 0.8780 | 0.8796 | 0.8826 | 0.8842 | 0.8872 | 0.8888 |
| Fibonacci | 0.8782 | 0.8800 | 0.8811 | 0.8828 | 0.8846 | 0.8857 | 0.8874 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8627 | 0.8702 | 0.8774 | 0.8849 | 0.8921 | 0.8996 | 0.9068 |
| Camarilla | 0.8807 | 0.8820 | 0.8834 | 0.8847 | 0.8861 | 0.8874 | 0.8887 |
| Woodie | 0.8627 | 0.8701 | 0.8774 | 0.8848 | 0.8921 | 0.8995 | 0.9068 |
| Fibonacci | 0.8702 | 0.8758 | 0.8793 | 0.8849 | 0.8905 | 0.8940 | 0.8996 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8516 | 0.8639 | 0.8813 | 0.8936 | 0.9110 | 0.9233 | 0.9407 |
| Camarilla | 0.8906 | 0.8934 | 0.8961 | 0.8988 | 0.9015 | 0.9043 | 0.9070 |
| Woodie | 0.8543 | 0.8652 | 0.8840 | 0.8949 | 0.9137 | 0.9246 | 0.9434 |
| Fibonacci | 0.8639 | 0.8752 | 0.8822 | 0.8936 | 0.9049 | 0.9119 | 0.9233 |
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): | 50.91 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -2.4789 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 0.8825 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8810 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 0.8814 | |
| Zig ZAG (10): | 0.8830 | |
| VORTEX (21): | 0.9764 | |
| Stochastique (14,3,5): | 44.14 | |
| TEMA (21): | 0.8821 | |
| Williams %R (14): | -45.95 | |
| Chande Momentum Oscillator (20): | -0.0008 | |
| Repulse (5,40,3): | 0.0991 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0060 | |
| Courbe Coppock: | 0.35 |
| MA7: | 0.8838 | |
| MA20: | 0.8913 | |
| MA50: | 0.8870 | |
| MA100: | 0.8796 | |
| MAexp7: | 0.8825 | |
| MAexp20: | 0.8830 | |
| MAexp50: | 0.8833 | |
| MAexp100: | 0.8838 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | -0.45% | |
| Price / MA100: | +0.39% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.09% |
Quotes :
-
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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