CAD/SGD - 1H - Technical analysis published on 01/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 1.0295 SGD
My targets
1.0239 SGD (-0.0016)
1.0165 SGD (-0.0090)
My analysis
CAD/SGD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.0295 SGD. The next support located at 1.0239 SGD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.0165 SGD. Below this support, sellers could then target 1.0110 SGD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/SGD rating 1.0255 SGD. On the day, this instrument lost -0.08% and was traded between 1.0242 SGD and 1.0263 SGD over the period. The price is currently at +0.13% from its lowest and -0.08% from its highest.1.0242
1.0263
1.0255
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
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
Technical
Technical analysis of CAD/SGD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0110 | 1.0165 | 1.0239 | 1.0255 | 1.0256 | 1.0295 | 1.0304 |
| Change (%) | -1.41% | -0.88% | -0.16% | - | +0.01% | +0.39% | +0.48% |
| Change | -0.0145 | -0.0090 | -0.0016 | - | +0.0001 | +0.0040 | +0.0049 |
| Level | Minor | Minor | Major | - | Minor | Minor | Intermediate |
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 | 1.0143 | 1.0200 | 1.0231 | 1.0288 | 1.0319 | 1.0376 | 1.0407 |
| Camarilla | 1.0239 | 1.0247 | 1.0255 | 1.0263 | 1.0271 | 1.0279 | 1.0287 |
| Woodie | 1.0131 | 1.0194 | 1.0219 | 1.0282 | 1.0307 | 1.0370 | 1.0395 |
| Fibonacci | 1.0200 | 1.0233 | 1.0254 | 1.0288 | 1.0321 | 1.0342 | 1.0376 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0256 | 1.0278 | 1.0294 | 1.0316 | 1.0332 | 1.0354 | 1.0370 |
| Camarilla | 1.0301 | 1.0304 | 1.0308 | 1.0311 | 1.0315 | 1.0318 | 1.0322 |
| Woodie | 1.0254 | 1.0277 | 1.0292 | 1.0315 | 1.0330 | 1.0353 | 1.0368 |
| Fibonacci | 1.0278 | 1.0292 | 1.0301 | 1.0316 | 1.0330 | 1.0339 | 1.0354 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0149 | 1.0200 | 1.0281 | 1.0332 | 1.0413 | 1.0464 | 1.0545 |
| Camarilla | 1.0327 | 1.0339 | 1.0351 | 1.0363 | 1.0375 | 1.0387 | 1.0399 |
| Woodie | 1.0165 | 1.0208 | 1.0297 | 1.0340 | 1.0429 | 1.0472 | 1.0561 |
| Fibonacci | 1.0200 | 1.0250 | 1.0281 | 1.0332 | 1.0382 | 1.0413 | 1.0464 |
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): | 32.53 | |
| MACD (12,26,9): | -0.0016 | |
| Directional Movement: | -16.9658 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.0247 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0284 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.0275 | |
| Zig ZAG (10): | 1.0256 | |
| VORTEX (21): | 0.7056 | |
| Stochastique (14,3,5): | 33.47 | |
| TEMA (21): | 1.0241 | |
| Williams %R (14): | -58.06 | |
| Chande Momentum Oscillator (20): | -0.0007 | |
| Repulse (5,40,3): | 0.0373 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0242 | |
| Courbe Coppock: | 0.73 |
| MA7: | 1.0304 | |
| MA20: | 1.0337 | |
| MA50: | 1.0308 | |
| MA100: | 1.0344 | |
| MAexp7: | 1.0254 | |
| MAexp20: | 1.0269 | |
| MAexp50: | 1.0291 | |
| MAexp100: | 1.0304 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -0.79% | |
| Price / MA50: | -0.51% | |
| Price / MA100: | -0.86% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -0.48% |
This member declared not having a position on this financial instrument or a related financial instrument.
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