CAD/SGD - 1H - Technical analysis published on 06/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.0207 SGD
My targets
1.0262 SGD (+0.0025)
1.0294 SGD (+0.0057)
My analysis
The bullish trend is currently very strong on CAD/SGD. As long as the price remains above the support at 1.0207 SGD, you could try to benefit from the boom. The first bullish objective is located at 1.0262 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0294 SGD as an objective. Crossing it would then enable buyers to target 1.0315 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8
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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
CAD/SGD rating 1.0237 SGD. The price has increased by +0.34% since the last closing and was traded between 1.0193 SGD and 1.0252 SGD over the period. The price is currently at +0.43% from its lowest and -0.15% from its highest.1.0193
1.0252
1.0237
Here is a more detailed summary of the historical variations registered by CAD/SGD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/SGD in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently positioned bullish. 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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
White line without lower shadow
Type : Bullish
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0163 | 1.0184 | 1.0207 | 1.0237 | 1.0262 | 1.0294 | 1.0315 |
| Change (%) | -0.72% | -0.52% | -0.29% | - | +0.24% | +0.56% | +0.76% |
| Change | -0.0074 | -0.0053 | -0.0030 | - | +0.0025 | +0.0057 | +0.0078 |
| Level | Major | Minor | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0141 | 1.0156 | 1.0179 | 1.0194 | 1.0217 | 1.0232 | 1.0255 |
| Camarilla | 1.0192 | 1.0195 | 1.0199 | 1.0202 | 1.0206 | 1.0209 | 1.0213 |
| Woodie | 1.0145 | 1.0158 | 1.0183 | 1.0196 | 1.0221 | 1.0234 | 1.0259 |
| Fibonacci | 1.0156 | 1.0171 | 1.0180 | 1.0194 | 1.0209 | 1.0218 | 1.0232 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9972 | 1.0067 | 1.0124 | 1.0219 | 1.0276 | 1.0371 | 1.0428 |
| Camarilla | 1.0138 | 1.0152 | 1.0166 | 1.0180 | 1.0194 | 1.0208 | 1.0222 |
| Woodie | 0.9952 | 1.0058 | 1.0104 | 1.0210 | 1.0256 | 1.0362 | 1.0408 |
| Fibonacci | 1.0067 | 1.0125 | 1.0161 | 1.0219 | 1.0277 | 1.0313 | 1.0371 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9773 | 0.9899 | 1.0082 | 1.0208 | 1.0391 | 1.0517 | 1.0700 |
| Camarilla | 1.0180 | 1.0208 | 1.0237 | 1.0265 | 1.0293 | 1.0322 | 1.0350 |
| Woodie | 0.9802 | 0.9913 | 1.0111 | 1.0222 | 1.0420 | 1.0531 | 1.0729 |
| Fibonacci | 0.9899 | 1.0017 | 1.0090 | 1.0208 | 1.0326 | 1.0399 | 1.0517 |
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): | 73.35 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 22.3357 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.0221 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0203 | |
| Elder Ray (13): | 0.0027 | |
| Super Trend (3,10): | 1.0202 | |
| Zig ZAG (10): | 1.0241 | |
| VORTEX (21): | 1.2422 | |
| Stochastique (14,3,5): | 82.95 | |
| TEMA (21): | 1.0233 | |
| Williams %R (14): | -21.43 | |
| Chande Momentum Oscillator (20): | 0.0038 | |
| Repulse (5,40,3): | 0.1209 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0083 | |
| Courbe Coppock: | 0.52 |
| MA7: | 1.0229 | |
| MA20: | 1.0279 | |
| MA50: | 1.0207 | |
| MA100: | 1.0225 | |
| MAexp7: | 1.0227 | |
| MAexp20: | 1.0210 | |
| MAexp50: | 1.0204 | |
| MAexp100: | 1.0210 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.41% | |
| Price / MA50: | +0.29% | |
| Price / MA100: | +0.12% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.26% |
Quotes :
2020-06-30 16:20:23
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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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