CAD/SGD
CAD SGD
- SGD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADSGD
ISIN:

CAD/SGD - 1H - Technical analysis published on 01/29/2021 (GMT)

  • 188
  • 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • 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: Neutral
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.0377 SGD
My targets
1.0448 SGD (+0.0052)
1.0466 SGD (+0.0070)
My analysis
The strong short-term increase of CAD/SGD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 1.0377 SGD, a purchase could be considered. The first bullish objective is located at 1.0448 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 1.0466 SGD. If there is any crossing, the next objective would be the resistance at 1.0494 SGD. Caution, if there is a return under 1.0377 SGD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/SGD rating is 1.0396 SGD. On the day, this instrument gained +0.36% and was between 1.0344 SGD and 1.0415 SGD. This implies that the price is at +0.50% from its lowest and at -0.18% from its highest.

1.0344
1.0415
1.0396

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAD/SGD:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/SGD indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0327 1.0351 1.0377 1.0396 1.0401 1.0448 1.0466
Change (%) -0.66% -0.43% -0.18% - +0.05% +0.50% +0.67%
Change -0.0069 -0.0045 -0.0019 - +0.0005 +0.0052 +0.0070
Level Intermediate Intermediate Intermediate - Minor Major 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
Standard1.03061.03281.03441.03661.03821.04041.0420
Camarilla1.03491.03521.03561.03591.03631.03661.0369
Woodie1.03021.03271.03401.03651.03781.04031.0416
Fibonacci1.03281.03431.03521.03661.03811.03901.0404


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.03001.03571.03951.04521.04901.05471.0585
Camarilla1.04081.04171.04251.04341.04431.04511.0460
Woodie1.02921.03521.03871.04471.04821.05421.0577
Fibonacci1.03571.03931.04151.04521.04881.05101.0547


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.00811.01971.02881.04041.04951.06111.0702
Camarilla1.03231.03421.03611.03801.03991.04181.0437
Woodie1.00701.01911.02771.03981.04841.06051.0691
Fibonacci1.01971.02761.03251.04041.04831.05321.0611

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): 68.12
MACD (12,26,9): 0.0005
Directional Movement: 20.6508
AROON (14): 50.0000
DEMA (21): 1.0372
Parabolic SAR (0,02-0,02-0,2): 1.0353
Elder Ray (13): 0.0026
Super Trend (3,10): 1.0353
Zig ZAG (10): 1.0388
VORTEX (21): 1.0433
Stochastique (14,3,5): 73.84
TEMA (21): 1.0387
Williams %R (14): -33.80
Chande Momentum Oscillator (20): 0.0043
Repulse (5,40,3): -0.0237
ROCnROLL: 1
TRIX (15,9): -0.0016
Courbe Coppock: 0.48
MA7: 1.0411
MA20: 1.0423
MA50: 1.0393
MA100: 1.0346
MAexp7: 1.0384
MAexp20: 1.0372
MAexp50: 1.0378
MAexp100: 1.0394
Price / MA7: -0.14%
Price / MA20: -0.26%
Price / MA50: +0.03%
Price / MA100: +0.48%
Price / MAexp7: +0.12%
Price / MAexp20: +0.23%
Price / MAexp50: +0.17%
Price / MAexp100: +0.02%

Quotes : 2021-01-29 17:18:14 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis CAD/SGD - 1H