CAD/SGD - 1H - Technical analysis published on 08/24/2022 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.0713 SGD
My targets
1.0809 SGD (+0.0063)
1.0920 SGD (+0.0174)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/SGD as long as the price remains well above 1.0713 SGD. The buyers' bullish objective is set at 1.0809 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0920 SGD. If there is any crossing, the next objective would be the resistance located at 1.0964 SGD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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Additional analysis
Quotes
The CAD/SGD price is 1.0746 SGD. On the day, this instrument lost -0.02% with the lowest point at 1.0723 SGD and the highest point at 1.0754 SGD. The deviation from the price is +0.21% for the low point and -0.07% for the high point.1.0723
1.0754
1.0746
Here is a more detailed summary of the historical variations registered by CAD/SGD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/SGD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
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 | 1.0696 | 1.0713 | 1.0739 | 1.0746 | 1.0749 | 1.0809 | 1.0920 |
| Change (%) | -0.47% | -0.31% | -0.07% | - | +0.03% | +0.59% | +1.62% |
| Change | -0.0050 | -0.0033 | -0.0007 | - | +0.0003 | +0.0063 | +0.0174 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0660 | 1.0682 | 1.0715 | 1.0737 | 1.0770 | 1.0792 | 1.0825 |
| Camarilla | 1.0733 | 1.0738 | 1.0743 | 1.0748 | 1.0753 | 1.0758 | 1.0763 |
| Woodie | 1.0666 | 1.0685 | 1.0721 | 1.0740 | 1.0776 | 1.0795 | 1.0831 |
| Fibonacci | 1.0682 | 1.0703 | 1.0716 | 1.0737 | 1.0758 | 1.0771 | 1.0792 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0547 | 1.0594 | 1.0654 | 1.0701 | 1.0761 | 1.0808 | 1.0868 |
| Camarilla | 1.0684 | 1.0693 | 1.0703 | 1.0713 | 1.0723 | 1.0733 | 1.0742 |
| Woodie | 1.0553 | 1.0597 | 1.0660 | 1.0704 | 1.0767 | 1.0811 | 1.0874 |
| Fibonacci | 1.0594 | 1.0635 | 1.0661 | 1.0701 | 1.0742 | 1.0768 | 1.0808 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0449 | 1.0552 | 1.0672 | 1.0775 | 1.0895 | 1.0998 | 1.1118 |
| Camarilla | 1.0731 | 1.0751 | 1.0772 | 1.0792 | 1.0812 | 1.0833 | 1.0853 |
| Woodie | 1.0458 | 1.0556 | 1.0681 | 1.0779 | 1.0904 | 1.1002 | 1.1127 |
| Fibonacci | 1.0552 | 1.0637 | 1.0690 | 1.0775 | 1.0860 | 1.0913 | 1.0998 |
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): | 53.68 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.2634 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 1.0742 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0725 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.0719 | |
| Zig ZAG (10): | 1.0743 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 74.25 | |
| TEMA (21): | 1.0740 | |
| Williams %R (14): | -30.00 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.0006 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0025 | |
| Courbe Coppock: | 0.15 |
| MA7: | 1.0721 | |
| MA20: | 1.0724 | |
| MA50: | 1.0751 | |
| MA100: | 1.0776 | |
| MAexp7: | 1.0741 | |
| MAexp20: | 1.0740 | |
| MAexp50: | 1.0735 | |
| MAexp100: | 1.0728 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | -0.28% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.17% |
Quotes :
-
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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