AUD/SGD - 1H - Technical analysis published on 03/31/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
11%
61%
My opinion
Bullish above 0.8644 SGD
My targets
0.8841 SGD (+0.0065)
0.8999 SGD (+0.0223)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.8644 SGD remains possible. It is advisable to trade AUD/SGD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.8644 SGD. The next bullish objective for buyers is set at 0.8841 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.8999 SGD. If there is any crossing, the next objective would be the resistance located at 0.9242 SGD. PS: if there is a bearish break in the support located at 0.8644 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
4.5
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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 0.8776 SGD. The price registered an increase of -0.05% on the session with the lowest point at 0.8666 SGD and the highest point at 0.8845 SGD. The deviation from the price is +1.27% for the low point and -0.78% for the high point.0.8666
0.8845
0.8776
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this AUD/SGD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 11 are neutral and 2 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8337 | 0.8508 | 0.8639 | 0.8776 | 0.8841 | 0.9242 | 0.9341 |
| Change (%) | -5.00% | -3.05% | -1.56% | - | +0.74% | +5.31% | +6.44% |
| Change | -0.0439 | -0.0268 | -0.0137 | - | +0.0065 | +0.0466 | +0.0565 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8600 | 0.8657 | 0.8719 | 0.8776 | 0.8838 | 0.8895 | 0.8957 |
| Camarilla | 0.8747 | 0.8758 | 0.8769 | 0.8780 | 0.8791 | 0.8802 | 0.8813 |
| Woodie | 0.8602 | 0.8658 | 0.8721 | 0.8777 | 0.8840 | 0.8896 | 0.8959 |
| Fibonacci | 0.8657 | 0.8703 | 0.8731 | 0.8776 | 0.8822 | 0.8850 | 0.8895 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.7891 | 0.8090 | 0.8445 | 0.8644 | 0.8999 | 0.9198 | 0.9553 |
| Camarilla | 0.8649 | 0.8699 | 0.8750 | 0.8801 | 0.8852 | 0.8903 | 0.8953 |
| Woodie | 0.7970 | 0.8129 | 0.8524 | 0.8683 | 0.9078 | 0.9237 | 0.9632 |
| Fibonacci | 0.8090 | 0.8301 | 0.8432 | 0.8644 | 0.8855 | 0.8986 | 0.9198 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8525 | 0.8753 | 0.8911 | 0.9139 | 0.9297 | 0.9525 | 0.9683 |
| Camarilla | 0.8964 | 0.8999 | 0.9035 | 0.9070 | 0.9105 | 0.9141 | 0.9176 |
| Woodie | 0.8491 | 0.8736 | 0.8877 | 0.9122 | 0.9263 | 0.9508 | 0.9649 |
| Fibonacci | 0.8753 | 0.8900 | 0.8991 | 0.9139 | 0.9286 | 0.9377 | 0.9525 |
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): | 51.08 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | -5.1681 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 0.8799 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8709 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 0.8690 | |
| Zig ZAG (10): | 0.8783 | |
| VORTEX (21): | 1.0504 | |
| Stochastique (14,3,5): | 69.27 | |
| TEMA (21): | 0.8799 | |
| Williams %R (14): | -31.28 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0386 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0160 | |
| Courbe Coppock: | 0.70 |
| MA7: | 0.8687 | |
| MA20: | 0.8773 | |
| MA50: | 0.9050 | |
| MA100: | 0.9181 | |
| MAexp7: | 0.8792 | |
| MAexp20: | 0.8785 | |
| MAexp50: | 0.8760 | |
| MAexp100: | 0.8713 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | +0.03% | |
| Price / MA50: | -3.03% | |
| Price / MA100: | -4.41% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.72% |
This member declared not having a position on this financial instrument or a related financial instrument.
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