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 04/08/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 1.0660 SGD
My targets
1.0602 SGD (-0.0034)
1.0578 SGD (-0.0058)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/SGD. As long as you are under the resistance located at 1.0660 SGD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.0602 SGD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.0578 SGD as an objective. Crossing it would then enable sellers to target 1.0492 SGD. If the resistance 1.0660 SGD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.2

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 1.0636 SGD. The price registered an increase of +0.09% on the session and was between 1.0623 SGD and 1.0643 SGD. This implies that the price is at +0.12% from its lowest and at -0.07% from its highest.

1.0623
1.0643
1.0636

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/SGD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0492 1.0578 1.0602 1.0636 1.0642 1.0660 1.0674
Change (%) -1.35% -0.55% -0.32% - +0.06% +0.23% +0.36%
Change -0.0144 -0.0058 -0.0034 - +0.0006 +0.0024 +0.0038
Level Minor Intermediate Intermediate - Minor Minor Minor



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
Standard1.05511.05761.06021.06271.06531.06781.0704
Camarilla1.06131.06181.06221.06271.06321.06361.0641
Woodie1.05511.05761.06021.06271.06531.06781.0704
Fibonacci1.05761.05961.06081.06271.06471.06591.0678


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.05951.06271.06661.06981.07371.07691.0808
Camarilla1.06851.06911.06981.07041.07111.07171.0724
Woodie1.05981.06291.06691.07001.07401.07711.0811
Fibonacci1.06271.06551.06711.06981.07261.07421.0769


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.00921.02671.04861.06611.08801.10551.1274
Camarilla1.05981.06341.06701.07061.07421.07781.0814
Woodie1.01151.02781.05091.06721.09031.10661.1297
Fibonacci1.02671.04171.05101.06611.08111.09041.1055

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): 55.32
MACD (12,26,9): -0.0002
Directional Movement: 2.3958
AROON (14): 42.8571
DEMA (21): 1.0627
Parabolic SAR (0,02-0,02-0,2): 1.0614
Elder Ray (13): 0.0007
Super Trend (3,10): 1.0650
Zig ZAG (10): 1.0639
VORTEX (21): 1.0405
Stochastique (14,3,5): 85.17
TEMA (21): 1.0636
Williams %R (14): -19.23
Chande Momentum Oscillator (20): 0.0013
Repulse (5,40,3): 0.1034
ROCnROLL: -1
TRIX (15,9): -0.0063
Courbe Coppock: 0.21
MA7: 1.0679
MA20: 1.0716
MA50: 1.0584
MA100: 1.0487
MAexp7: 1.0635
MAexp20: 1.0632
MAexp50: 1.0646
MAexp100: 1.0664
Price / MA7: -0.40%
Price / MA20: -0.75%
Price / MA50: +0.49%
Price / MA100: +1.42%
Price / MAexp7: +0.01%
Price / MAexp20: +0.04%
Price / MAexp50: -0.09%
Price / MAexp100: -0.26%

Quotes : - Real time data - Forex

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

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