CAD/SGD - 1H - Technical analysis published on 01/29/2021 (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:
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
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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 1.0396 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.
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
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:
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:
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
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.0306 | 1.0328 | 1.0344 | 1.0366 | 1.0382 | 1.0404 | 1.0420 |
Camarilla | 1.0349 | 1.0352 | 1.0356 | 1.0359 | 1.0363 | 1.0366 | 1.0369 |
Woodie | 1.0302 | 1.0327 | 1.0340 | 1.0365 | 1.0378 | 1.0403 | 1.0416 |
Fibonacci | 1.0328 | 1.0343 | 1.0352 | 1.0366 | 1.0381 | 1.0390 | 1.0404 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0300 | 1.0357 | 1.0395 | 1.0452 | 1.0490 | 1.0547 | 1.0585 |
Camarilla | 1.0408 | 1.0417 | 1.0425 | 1.0434 | 1.0443 | 1.0451 | 1.0460 |
Woodie | 1.0292 | 1.0352 | 1.0387 | 1.0447 | 1.0482 | 1.0542 | 1.0577 |
Fibonacci | 1.0357 | 1.0393 | 1.0415 | 1.0452 | 1.0488 | 1.0510 | 1.0547 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0081 | 1.0197 | 1.0288 | 1.0404 | 1.0495 | 1.0611 | 1.0702 |
Camarilla | 1.0323 | 1.0342 | 1.0361 | 1.0380 | 1.0399 | 1.0418 | 1.0437 |
Woodie | 1.0070 | 1.0191 | 1.0277 | 1.0398 | 1.0484 | 1.0605 | 1.0691 |
Fibonacci | 1.0197 | 1.0276 | 1.0325 | 1.0404 | 1.0483 | 1.0532 | 1.0611 |
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
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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.
About author
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…
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