CAD/SGD - 1H - Technical analysis published on 09/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 1.0399 SGD
My targets
1.0363 SGD (-0.0020)
1.0335 SGD (-0.0048)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CAD/SGD as long as the price remains well below 1.0399 SGD. The next bearish objective for sellers is set at 1.0363 SGD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 1.0335 SGD. If there is any crossing, the next objective would be the support located at 1.0262 SGD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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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 rating is 1.0383 SGD. The price registered a decrease of -0.12% on the session with the lowest point at 1.0381 SGD and the highest point at 1.0407 SGD. The deviation from the price is +0.02% for the low point and -0.23% for the high point.1.0381
1.0407
1.0383
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CAD/SGD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 1.0335 | 1.0363 | 1.0380 | 1.0383 | 1.0399 | 1.0422 | 1.0448 |
| Change (%) | -0.46% | -0.19% | -0.03% | - | +0.15% | +0.38% | +0.63% |
| Change | -0.0048 | -0.0020 | -0.0003 | - | +0.0016 | +0.0039 | +0.0065 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 1.0298 | 1.0321 | 1.0358 | 1.0381 | 1.0418 | 1.0441 | 1.0478 |
| Camarilla | 1.0379 | 1.0384 | 1.0390 | 1.0395 | 1.0401 | 1.0406 | 1.0412 |
| Woodie | 1.0305 | 1.0325 | 1.0365 | 1.0385 | 1.0425 | 1.0445 | 1.0485 |
| Fibonacci | 1.0321 | 1.0344 | 1.0358 | 1.0381 | 1.0404 | 1.0418 | 1.0441 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0299 | 1.0333 | 1.0390 | 1.0424 | 1.0481 | 1.0515 | 1.0572 |
| Camarilla | 1.0423 | 1.0431 | 1.0440 | 1.0448 | 1.0456 | 1.0465 | 1.0473 |
| Woodie | 1.0312 | 1.0339 | 1.0403 | 1.0430 | 1.0494 | 1.0521 | 1.0585 |
| Fibonacci | 1.0333 | 1.0367 | 1.0389 | 1.0424 | 1.0458 | 1.0480 | 1.0515 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0093 | 1.0166 | 1.0300 | 1.0373 | 1.0507 | 1.0580 | 1.0714 |
| Camarilla | 1.0377 | 1.0396 | 1.0415 | 1.0434 | 1.0453 | 1.0472 | 1.0491 |
| Woodie | 1.0124 | 1.0181 | 1.0331 | 1.0388 | 1.0538 | 1.0595 | 1.0745 |
| Fibonacci | 1.0166 | 1.0245 | 1.0294 | 1.0373 | 1.0452 | 1.0501 | 1.0580 |
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): | 48.58 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -3.6620 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.0394 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0401 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.0374 | |
| Zig ZAG (10): | 1.0384 | |
| VORTEX (21): | 0.9614 | |
| Stochastique (14,3,5): | 48.00 | |
| TEMA (21): | 1.0400 | |
| Williams %R (14): | -64.00 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | 0.0090 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0079 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.0410 | |
| MA20: | 1.0392 | |
| MA50: | 1.0328 | |
| MA100: | 1.0271 | |
| MAexp7: | 1.0395 | |
| MAexp20: | 1.0390 | |
| MAexp50: | 1.0389 | |
| MAexp100: | 1.0396 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | -0.09% | |
| Price / MA50: | +0.53% | |
| Price / MA100: | +1.09% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.13% |
Quotes :
2020-09-10 14:15:24
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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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