CAD/SGD - 1H - Technical analysis published on 06/25/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 1.0910 SGD
My targets
1.0857 SGD (-0.0040)
1.0835 SGD (-0.0062)
My analysis
In the short term, we can see an acceleration in the bearish trend on CAD/SGD, which is a positive signal for sellers. As long as the price remains above 1.0910 SGD, a sale could be considered. The first bearish objective is located at 1.0857 SGD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0835 SGD as an objective. Crossing it would then enable sellers to target 1.0814 SGD. If the price were to return above 1.0910 SGD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.7
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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 price is 1.0897 SGD. The price is lower by -0.02% since the last closing and was between 1.0891 SGD and 1.0907 SGD. This implies that the price is at +0.06% from its lowest and at -0.09% from its highest.1.0891
1.0907
1.0897
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/SGD chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0835 | 1.0857 | 1.0887 | 1.0897 | 1.0910 | 1.0925 | 1.0967 |
| Change (%) | -0.57% | -0.37% | -0.09% | - | +0.12% | +0.26% | +0.64% |
| Change | -0.0062 | -0.0040 | -0.0010 | - | +0.0013 | +0.0028 | +0.0070 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | 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 | 1.0816 | 1.0852 | 1.0875 | 1.0911 | 1.0934 | 1.0970 | 1.0993 |
| Camarilla | 1.0883 | 1.0888 | 1.0894 | 1.0899 | 1.0904 | 1.0910 | 1.0915 |
| Woodie | 1.0811 | 1.0849 | 1.0870 | 1.0908 | 1.0929 | 1.0967 | 1.0988 |
| Fibonacci | 1.0852 | 1.0874 | 1.0888 | 1.0911 | 1.0933 | 1.0947 | 1.0970 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0548 | 1.0658 | 1.0719 | 1.0829 | 1.0890 | 1.1000 | 1.1061 |
| Camarilla | 1.0734 | 1.0750 | 1.0765 | 1.0781 | 1.0797 | 1.0812 | 1.0828 |
| Woodie | 1.0525 | 1.0646 | 1.0696 | 1.0817 | 1.0867 | 1.0988 | 1.1038 |
| Fibonacci | 1.0658 | 1.0723 | 1.0763 | 1.0829 | 1.0894 | 1.0934 | 1.1000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0557 | 1.0687 | 1.0818 | 1.0948 | 1.1079 | 1.1209 | 1.1340 |
| Camarilla | 1.0878 | 1.0902 | 1.0926 | 1.0950 | 1.0974 | 1.0998 | 1.1022 |
| Woodie | 1.0559 | 1.0687 | 1.0820 | 1.0948 | 1.1081 | 1.1209 | 1.1342 |
| Fibonacci | 1.0687 | 1.0786 | 1.0848 | 1.0948 | 1.1047 | 1.1109 | 1.1209 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.12 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -5.1238 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.0897 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0893 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.0927 | |
| Zig ZAG (10): | 1.0900 | |
| VORTEX (21): | 0.8682 | |
| Stochastique (14,3,5): | 56.48 | |
| TEMA (21): | 1.0895 | |
| Williams %R (14): | -55.56 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | -0.0782 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0101 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.0880 | |
| MA20: | 1.0917 | |
| MA50: | 1.0891 | |
| MA100: | 1.0753 | |
| MAexp7: | 1.0901 | |
| MAexp20: | 1.0905 | |
| MAexp50: | 1.0910 | |
| MAexp100: | 1.0902 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | +0.06% | |
| Price / MA100: | +1.34% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.05% |
Quotes :
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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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