CAD/SGD - 1H - Technical analysis published on 08/19/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 1.0362 SGD
My targets
1.0393 SGD (+0.0020)
1.0512 SGD (+0.0139)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/SGD as long as the price remains well above 1.0362 SGD. The buyers” bullish objective is set at 1.0393 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0512 SGD. If there is any crossing, the next objective would be the resistance located at 1.0571 SGD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
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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
The CAD/SGD price is 1.0373 SGD. The price registered an increase of +0.10% on the session with the lowest point at 1.0361 SGD and the highest point at 1.0380 SGD. The deviation from the price is +0.12% for the low point and -0.07% for the high point.1.0361
1.0380
1.0373
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CAD/SGD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
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 | 1.0303 | 1.0342 | 1.0362 | 1.0373 | 1.0380 | 1.0393 | 1.0571 |
| Change (%) | -0.67% | -0.30% | -0.11% | - | +0.07% | +0.19% | +1.91% |
| Change | -0.0070 | -0.0031 | -0.0011 | - | +0.0007 | +0.0020 | +0.0198 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Intermediate |
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 | 1.0309 | 1.0325 | 1.0344 | 1.0360 | 1.0379 | 1.0395 | 1.0414 |
| Camarilla | 1.0353 | 1.0357 | 1.0360 | 1.0363 | 1.0366 | 1.0369 | 1.0373 |
| Woodie | 1.0311 | 1.0326 | 1.0346 | 1.0361 | 1.0381 | 1.0396 | 1.0416 |
| Fibonacci | 1.0325 | 1.0338 | 1.0347 | 1.0360 | 1.0373 | 1.0382 | 1.0395 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0512 | 1.0574 | 1.0630 | 1.0692 | 1.0748 | 1.0810 | 1.0866 |
| Camarilla | 1.0655 | 1.0665 | 1.0676 | 1.0687 | 1.0698 | 1.0709 | 1.0719 |
| Woodie | 1.0510 | 1.0573 | 1.0628 | 1.0691 | 1.0746 | 1.0809 | 1.0864 |
| Fibonacci | 1.0574 | 1.0619 | 1.0647 | 1.0692 | 1.0737 | 1.0765 | 1.0810 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9997 | 1.0097 | 1.0173 | 1.0273 | 1.0349 | 1.0449 | 1.0525 |
| Camarilla | 1.0200 | 1.0216 | 1.0232 | 1.0248 | 1.0264 | 1.0280 | 1.0296 |
| Woodie | 0.9984 | 1.0091 | 1.0160 | 1.0267 | 1.0336 | 1.0443 | 1.0512 |
| Fibonacci | 1.0097 | 1.0165 | 1.0206 | 1.0273 | 1.0341 | 1.0382 | 1.0449 |
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): | 51.74 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 1.9399 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.0373 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0364 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.0346 | |
| Zig ZAG (10): | 1.0372 | |
| VORTEX (21): | 1.0718 | |
| Stochastique (14,3,5): | 65.28 | |
| TEMA (21): | 1.0373 | |
| Williams %R (14): | -41.67 | |
| Chande Momentum Oscillator (20): | 0.0006 | |
| Repulse (5,40,3): | -0.0430 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0043 | |
| Courbe Coppock: | 0.19 |
| MA7: | 1.0353 | |
| MA20: | 1.0314 | |
| MA50: | 1.0279 | |
| MA100: | 1.0228 | |
| MAexp7: | 1.0372 | |
| MAexp20: | 1.0369 | |
| MAexp50: | 1.0363 | |
| MAexp100: | 1.0356 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | +0.57% | |
| Price / MA50: | +0.91% | |
| Price / MA100: | +1.42% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.16% |
Quotes :
2020-08-19 10:41:42
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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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