CAD/SGD
CAD SGD
- SGD (-)
- Real time data - Forex
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Type: Forex
Ticker: CADSGD
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CAD/SGD - 1H - Technical analysis published on 09/05/2022 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 1.0670 SGD
My targets
1.0700 SGD (+0.0018)
1.0723 SGD (+0.0041)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CAD/SGD. This is a positive signal for buyers. As long as the price remains above 1.0670 SGD, a purchase could be considered. The first bullish objective is located at 1.0700 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.0723 SGD as an objective. Crossing it would then enable buyers to target 1.0738 SGD. In the event of a return below 1.0670 SGD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/SGD rating is 1.0682 SGD. The price is lower by -0.02% since the last closing and was traded between 1.0666 SGD and 1.0686 SGD over the period. The price is currently at +0.15% from its lowest and -0.04% from its highest.

1.0666
1.0686
1.0682

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

Central Gaps

Bearish opening

Type : Bearish

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 several elements:

Central Records

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 bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.0631 1.0649 1.0670 1.0682 1.0700 1.0723 1.0738
Change (%) -0.48% -0.31% -0.11% - +0.17% +0.38% +0.52%
Change -0.0051 -0.0033 -0.0012 - +0.0018 +0.0041 +0.0056
Level Minor Major Minor - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.06021.06251.06551.06781.07081.07311.0761
Camarilla1.06691.06741.06791.06841.06891.06941.0699
Woodie1.06051.06271.06581.06801.07111.07331.0764
Fibonacci1.06251.06461.06581.06781.06991.07111.0731


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04511.05261.06051.06801.07591.08341.0913
Camarilla1.06421.06561.06701.06841.06981.07121.0726
Woodie1.04531.05271.06071.06811.07611.08351.0915
Fibonacci1.05261.05851.06211.06801.07391.07751.0834


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.04221.05261.05851.06891.07481.08521.0911
Camarilla1.05981.06131.06281.06431.06581.06731.0688
Woodie1.03991.05151.05621.06781.07251.08411.0888
Fibonacci1.05261.05891.06271.06891.07521.07901.0852

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): 56.72
MACD (12,26,9): 0.0004
Directional Movement: 7.5401
AROON (14): -35.7143
DEMA (21): 1.0683
Parabolic SAR (0,02-0,02-0,2): 1.0696
Elder Ray (13): 0.0006
Super Trend (3,10): 1.0653
Zig ZAG (10): 1.0684
VORTEX (21): 1.0775
Stochastique (14,3,5): 70.91
TEMA (21): 1.0683
Williams %R (14): -15.00
Chande Momentum Oscillator (20): 0.0003
Repulse (5,40,3): 0.0387
ROCnROLL: 1
TRIX (15,9): 0.0070
Courbe Coppock: 0.01
MA7: 1.0682
MA20: 1.0707
MA50: 1.0748
MA100: 1.0767
MAexp7: 1.0681
MAexp20: 1.0676
MAexp50: 1.0670
MAexp100: 1.0675
Price / MA7: -0%
Price / MA20: -0.23%
Price / MA50: -0.61%
Price / MA100: -0.79%
Price / MAexp7: +0.01%
Price / MAexp20: +0.06%
Price / MAexp50: +0.11%
Price / MAexp100: +0.07%

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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