CAD/SGD - 1H - Technical analysis published on 01/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 0.9944 SGD
My targets
0.9968 SGD (+0.0012)
1.0074 SGD (+0.0118)
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 0.9944 SGD. The buyers' bullish objective is set at 0.9968 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0074 SGD. If there is any crossing, the next objective would be the resistance located at 1.0169 SGD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.9
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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 0.9956 SGD. The price is lower by -0.01% since the last closing and was between 0.9948 SGD and 0.9965 SGD. This implies that the price is at +0.08% from its lowest and at -0.09% from its highest.0.9948
0.9965
0.9956
Here is a more detailed summary of the historical variations registered by CAD/SGD:
Near a new LOW record (5 years)
Type : Bearish
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
Technical analysis of CAD/SGD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 9 are neutral and 3 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.9934 | 0.9944 | 0.9950 | 0.9956 | 0.9958 | 0.9968 | 1.0074 |
| Change (%) | -0.22% | -0.12% | -0.06% | - | +0.02% | +0.12% | +1.19% |
| Change | -0.0022 | -0.0012 | -0.0006 | - | +0.0002 | +0.0012 | +0.0118 |
| Level | Intermediate | Minor | Minor | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9905 | 0.9920 | 0.9938 | 0.9953 | 0.9971 | 0.9986 | 1.0004 |
| Camarilla | 0.9948 | 0.9951 | 0.9954 | 0.9957 | 0.9960 | 0.9963 | 0.9966 |
| Woodie | 0.9908 | 0.9921 | 0.9941 | 0.9954 | 0.9974 | 0.9987 | 1.0007 |
| Fibonacci | 0.9920 | 0.9932 | 0.9940 | 0.9953 | 0.9965 | 0.9973 | 0.9986 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9858 | 0.9888 | 0.9910 | 0.9940 | 0.9962 | 0.9992 | 1.0014 |
| Camarilla | 0.9919 | 0.9924 | 0.9928 | 0.9933 | 0.9938 | 0.9943 | 0.9947 |
| Woodie | 0.9855 | 0.9886 | 0.9907 | 0.9938 | 0.9959 | 0.9990 | 1.0011 |
| Fibonacci | 0.9888 | 0.9908 | 0.9920 | 0.9940 | 0.9960 | 0.9972 | 0.9992 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9645 | 0.9738 | 0.9848 | 0.9941 | 1.0051 | 1.0144 | 1.0254 |
| Camarilla | 0.9901 | 0.9920 | 0.9938 | 0.9957 | 0.9976 | 0.9994 | 1.0013 |
| Woodie | 0.9653 | 0.9742 | 0.9856 | 0.9945 | 1.0059 | 1.0148 | 1.0262 |
| Fibonacci | 0.9738 | 0.9816 | 0.9864 | 0.9941 | 1.0019 | 1.0067 | 1.0144 |
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): | 52.73 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 2.6058 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 0.9958 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.9945 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 0.9938 | |
| Zig ZAG (10): | 0.9956 | |
| VORTEX (21): | 1.1138 | |
| Stochastique (14,3,5): | 52.72 | |
| TEMA (21): | 0.9958 | |
| Williams %R (14): | -52.94 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.0186 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0038 | |
| Courbe Coppock: | 0.10 |
| MA7: | 0.9945 | |
| MA20: | 0.9961 | |
| MA50: | 0.9896 | |
| MA100: | 0.9953 | |
| MAexp7: | 0.9957 | |
| MAexp20: | 0.9955 | |
| MAexp50: | 0.9950 | |
| MAexp100: | 0.9948 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | +0.03% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.08% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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