CAD/SGD - 1H - Technical analysis published on 09/05/2022 (GMT)
- 133
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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:
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.
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:
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.0602 | 1.0625 | 1.0655 | 1.0678 | 1.0708 | 1.0731 | 1.0761 |
Camarilla | 1.0669 | 1.0674 | 1.0679 | 1.0684 | 1.0689 | 1.0694 | 1.0699 |
Woodie | 1.0605 | 1.0627 | 1.0658 | 1.0680 | 1.0711 | 1.0733 | 1.0764 |
Fibonacci | 1.0625 | 1.0646 | 1.0658 | 1.0678 | 1.0699 | 1.0711 | 1.0731 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0451 | 1.0526 | 1.0605 | 1.0680 | 1.0759 | 1.0834 | 1.0913 |
Camarilla | 1.0642 | 1.0656 | 1.0670 | 1.0684 | 1.0698 | 1.0712 | 1.0726 |
Woodie | 1.0453 | 1.0527 | 1.0607 | 1.0681 | 1.0761 | 1.0835 | 1.0915 |
Fibonacci | 1.0526 | 1.0585 | 1.0621 | 1.0680 | 1.0739 | 1.0775 | 1.0834 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.0422 | 1.0526 | 1.0585 | 1.0689 | 1.0748 | 1.0852 | 1.0911 |
Camarilla | 1.0598 | 1.0613 | 1.0628 | 1.0643 | 1.0658 | 1.0673 | 1.0688 |
Woodie | 1.0399 | 1.0515 | 1.0562 | 1.0678 | 1.0725 | 1.0841 | 1.0888 |
Fibonacci | 1.0526 | 1.0589 | 1.0627 | 1.0689 | 1.0752 | 1.0790 | 1.0852 |
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.
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…
Add a comment
Comments
0 comments on the analysis CAD/SGD - 1H