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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 03/09/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 0.9836 SGD
My targets
0.9782 SGD (-0.0024)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.9836 SGD remains possible. It is advisable to trade CAD/SGD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.9836 SGD. The next bearish objective for sellers is set at 0.9782 SGD. A bearish break of this support would revive the bearish momentum. PS: if there is a bullish break in the resistance located at 0.9836 SGD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
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.

Londinia
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 0.9806 SGD. The price registered a decrease of -0.01% on the session and was between 0.9791 SGD and 0.9823 SGD. This implies that the price is at +0.15% from its lowest and at -0.17% from its highest.

0.9791
0.9823
0.9806

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/SGD indicates that the overall trend is bearish. 78.57% 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 scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 0.9782 0.9800 0.9806 0.9836 0.9872 0.9931
Change (%) -0.24% -0.06% - +0.31% +0.67% +1.27%
Change -0.0024 -0.0006 - +0.0030 +0.0066 +0.0125
Level Major Intermediate - Major 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
Standard0.97340.97670.97870.98200.98400.98730.9893
Camarilla0.97920.97970.98020.98070.98120.98170.9822
Woodie0.97280.97640.97810.98170.98340.98700.9887
Fibonacci0.97670.97870.98000.98200.98400.98530.9873


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.97180.97770.98320.98910.99461.00051.0060
Camarilla0.98560.98660.98770.98870.98980.99080.9918
Woodie0.97160.97760.98300.98900.99441.00041.0058
Fibonacci0.97770.98210.98480.98910.99350.99621.0005


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.95740.96800.97810.98870.99881.00941.0195
Camarilla0.98240.98430.98620.98810.99000.99190.9938
Woodie0.95710.96790.97780.98860.99851.00931.0192
Fibonacci0.96800.97590.98080.98870.99661.00151.0094

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): 51.35
MACD (12,26,9): -0.0004
Directional Movement: 3.0896
AROON (14): 42.8571
DEMA (21): 0.9803
Parabolic SAR (0,02-0,02-0,2): 0.9793
Elder Ray (13): 0.0008
Super Trend (3,10): 0.9825
Zig ZAG (10): 0.9816
VORTEX (21): 1.0582
Stochastique (14,3,5): 81.54
TEMA (21): 0.9808
Williams %R (14): -15.63
Chande Momentum Oscillator (20): 0.0009
Repulse (5,40,3): 0.1025
ROCnROLL: -1
TRIX (15,9): -0.0111
Courbe Coppock: 0.05
MA7: 0.9861
MA20: 0.9905
MA50: 0.9884
MA100: 1.0027
MAexp7: 0.9810
MAexp20: 0.9810
MAexp50: 0.9825
MAexp100: 0.9846
Price / MA7: -0.56%
Price / MA20: -1.00%
Price / MA50: -0.79%
Price / MA100: -2.20%
Price / MAexp7: -0.04%
Price / MAexp20: -0.04%
Price / MAexp50: -0.19%
Price / MAexp100: -0.41%

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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Londinia
Londinia AI

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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…

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