CAD/SGD - 1H - Technical analysis published on 04/07/2023 (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 bearish
Underlying:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 0.9877 SGD
My targets
0.9822 SGD (-0.0035)
0.9782 SGD (-0.0075)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/SGD as long as the price remains well below 0.9877 SGD. The sellers' bearish objective is set at 0.9822 SGD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.9782 SGD. In case of crossing, the next objective would be the support located at 0.9765 SGD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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Additional analysis
Quotes
CAD/SGD rating 0.9857 SGD. The price registered a decrease of -0.01% on the session and was traded between 0.9842 SGD and 0.9869 SGD over the period. The price is currently at +0.15% from its lowest and -0.12% from its highest.0.9842
0.9869
0.9857
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/SGD chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9782 | 0.9822 | 0.9854 | 0.9857 | 0.9877 | 0.9895 | 0.9958 |
| Change (%) | -0.76% | -0.36% | -0.03% | - | +0.20% | +0.39% | +1.02% |
| Change | -0.0075 | -0.0035 | -0.0003 | - | +0.0020 | +0.0038 | +0.0101 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 0.9826 | 0.9840 | 0.9849 | 0.9863 | 0.9872 | 0.9886 | 0.9895 |
| Camarilla | 0.9852 | 0.9854 | 0.9856 | 0.9858 | 0.9860 | 0.9862 | 0.9864 |
| Woodie | 0.9824 | 0.9839 | 0.9847 | 0.9862 | 0.9870 | 0.9885 | 0.9893 |
| Fibonacci | 0.9840 | 0.9849 | 0.9854 | 0.9863 | 0.9872 | 0.9877 | 0.9886 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9570 | 0.9630 | 0.9737 | 0.9797 | 0.9904 | 0.9964 | 1.0071 |
| Camarilla | 0.9799 | 0.9814 | 0.9830 | 0.9845 | 0.9860 | 0.9876 | 0.9891 |
| Woodie | 0.9595 | 0.9642 | 0.9762 | 0.9809 | 0.9929 | 0.9976 | 1.0096 |
| Fibonacci | 0.9630 | 0.9694 | 0.9733 | 0.9797 | 0.9861 | 0.9900 | 0.9964 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9425 | 0.9544 | 0.9694 | 0.9813 | 0.9963 | 1.0082 | 1.0232 |
| Camarilla | 0.9771 | 0.9796 | 0.9820 | 0.9845 | 0.9870 | 0.9894 | 0.9919 |
| Woodie | 0.9442 | 0.9552 | 0.9711 | 0.9821 | 0.9980 | 1.0090 | 1.0249 |
| Fibonacci | 0.9544 | 0.9646 | 0.9710 | 0.9813 | 0.9915 | 0.9979 | 1.0082 |
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): | 41.23 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -9.0235 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 0.9854 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9868 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 0.9870 | |
| Zig ZAG (10): | 0.9850 | |
| VORTEX (21): | 0.8688 | |
| Stochastique (14,3,5): | 22.36 | |
| TEMA (21): | 0.9850 | |
| Williams %R (14): | -74.07 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | -0.0010 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0032 | |
| Courbe Coppock: | 0.25 |
| MA7: | 0.9854 | |
| MA20: | 0.9797 | |
| MA50: | 0.9850 | |
| MA100: | 0.9908 | |
| MAexp7: | 0.9852 | |
| MAexp20: | 0.9858 | |
| MAexp50: | 0.9861 | |
| MAexp100: | 0.9855 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.61% | |
| Price / MA50: | +0.07% | |
| Price / MA100: | -0.51% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.02% |
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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