CAD/SGD - 1H - Technical analysis published on 10/01/2020 (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:
Strongly bullish
De fond:
Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 1.0227 SGD
My targets
1.0277 SGD (+0.0023)
1.0299 SGD (+0.0045)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CAD/SGD. This is a positive signal for buyers. As long as the price remains above 1.0227 SGD, a purchase could be considered. The first bullish objective is located at 1.0277 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0299 SGD as an objective. Crossing it would then enable buyers to target 1.0311 SGD. In the event of a return below 1.0227 SGD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.6
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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 1.0254 SGD. The price is lower by -0.04% since the last closing with the lowest point at 1.0248 SGD and the highest point at 1.0264 SGD. The deviation from the price is +0.06% for the low point and -0.10% for the high point.1.0248
1.0264
1.0254
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
A technical analysis in 1H of this CAD/SGD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
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 a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0211 | 1.0227 | 1.0247 | 1.0254 | 1.0261 | 1.0277 | 1.0299 |
| Change (%) | -0.42% | -0.26% | -0.07% | - | +0.07% | +0.22% | +0.44% |
| Change | -0.0043 | -0.0027 | -0.0007 | - | +0.0007 | +0.0023 | +0.0045 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Minor |
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 | 1.0171 | 1.0189 | 1.0224 | 1.0242 | 1.0277 | 1.0295 | 1.0330 |
| Camarilla | 1.0243 | 1.0248 | 1.0253 | 1.0258 | 1.0263 | 1.0268 | 1.0273 |
| Woodie | 1.0179 | 1.0193 | 1.0232 | 1.0246 | 1.0285 | 1.0299 | 1.0338 |
| Fibonacci | 1.0189 | 1.0210 | 1.0222 | 1.0242 | 1.0263 | 1.0275 | 1.0295 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0160 | 1.0194 | 1.0244 | 1.0278 | 1.0328 | 1.0362 | 1.0412 |
| Camarilla | 1.0272 | 1.0280 | 1.0287 | 1.0295 | 1.0303 | 1.0310 | 1.0318 |
| Woodie | 1.0169 | 1.0198 | 1.0253 | 1.0282 | 1.0337 | 1.0366 | 1.0421 |
| Fibonacci | 1.0194 | 1.0226 | 1.0246 | 1.0278 | 1.0310 | 1.0330 | 1.0362 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9907 | 1.0057 | 1.0158 | 1.0308 | 1.0409 | 1.0559 | 1.0660 |
| Camarilla | 1.0189 | 1.0212 | 1.0235 | 1.0258 | 1.0281 | 1.0304 | 1.0327 |
| Woodie | 0.9882 | 1.0045 | 1.0133 | 1.0296 | 1.0384 | 1.0547 | 1.0635 |
| Fibonacci | 1.0057 | 1.0153 | 1.0213 | 1.0308 | 1.0404 | 1.0464 | 1.0559 |
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): | 58.63 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 3.3907 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 1.0257 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0247 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.0229 | |
| Zig ZAG (10): | 1.0252 | |
| VORTEX (21): | 1.1429 | |
| Stochastique (14,3,5): | 48.31 | |
| TEMA (21): | 1.0262 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0177 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0099 | |
| Courbe Coppock: | 0.29 |
| MA7: | 1.0264 | |
| MA20: | 1.0318 | |
| MA50: | 1.0334 | |
| MA100: | 1.0299 | |
| MAexp7: | 1.0255 | |
| MAexp20: | 1.0248 | |
| MAexp50: | 1.0244 | |
| MAexp100: | 1.0251 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -0.62% | |
| Price / MA50: | -0.77% | |
| Price / MA100: | -0.44% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.03% |
Quotes :
2020-10-01 06:42:46
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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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