CAD/SGD - 1H - Technical analysis published on 02/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 1.0558 SGD
My targets
1.0495 SGD (-0.0034)
1.0408 SGD (-0.0121)
My analysis
The bearish basic trend is very strong on CAD/SGD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.0558 SGD. Crossing the first support at 1.0495 SGD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.0408 SGD as an objective. Crossing it would then enable sellers to target 1.0335 SGD. Caution, a return to above the resistance located at 1.0558 SGD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
6.1
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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
The CAD/SGD rating is 1.0529 SGD. On the day, this instrument lost -0.02% and was between 1.0525 SGD and 1.0540 SGD. This implies that the price is at +0.04% from its lowest and at -0.10% from its highest.1.0525
1.0540
1.0529
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CAD/SGD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0335 | 1.0408 | 1.0495 | 1.0529 | 1.0558 | 1.0588 | 1.0647 |
| Change (%) | -1.84% | -1.15% | -0.32% | - | +0.28% | +0.56% | +1.12% |
| Change | -0.0194 | -0.0121 | -0.0034 | - | +0.0029 | +0.0059 | +0.0118 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 1.0463 | 1.0484 | 1.0507 | 1.0528 | 1.0551 | 1.0572 | 1.0595 |
| Camarilla | 1.0519 | 1.0523 | 1.0527 | 1.0531 | 1.0535 | 1.0539 | 1.0543 |
| Woodie | 1.0465 | 1.0485 | 1.0509 | 1.0529 | 1.0553 | 1.0573 | 1.0597 |
| Fibonacci | 1.0484 | 1.0501 | 1.0511 | 1.0528 | 1.0545 | 1.0555 | 1.0572 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0330 | 1.0408 | 1.0490 | 1.0568 | 1.0650 | 1.0728 | 1.0810 |
| Camarilla | 1.0527 | 1.0542 | 1.0556 | 1.0571 | 1.0586 | 1.0600 | 1.0615 |
| Woodie | 1.0331 | 1.0409 | 1.0491 | 1.0569 | 1.0651 | 1.0729 | 1.0811 |
| Fibonacci | 1.0408 | 1.0470 | 1.0507 | 1.0568 | 1.0630 | 1.0667 | 1.0728 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0058 | 1.0150 | 1.0230 | 1.0322 | 1.0402 | 1.0494 | 1.0574 |
| Camarilla | 1.0263 | 1.0279 | 1.0294 | 1.0310 | 1.0326 | 1.0342 | 1.0357 |
| Woodie | 1.0052 | 1.0147 | 1.0224 | 1.0319 | 1.0396 | 1.0491 | 1.0568 |
| Fibonacci | 1.0150 | 1.0216 | 1.0256 | 1.0322 | 1.0388 | 1.0428 | 1.0494 |
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): | 47.71 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.1407 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.0530 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0544 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.0511 | |
| Zig ZAG (10): | 1.0530 | |
| VORTEX (21): | 1.0791 | |
| Stochastique (14,3,5): | 36.39 | |
| TEMA (21): | 1.0533 | |
| Williams %R (14): | -76.00 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | -0.0373 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.00 |
| MA7: | 1.0539 | |
| MA20: | 1.0456 | |
| MA50: | 1.0379 | |
| MA100: | 1.0350 | |
| MAexp7: | 1.0530 | |
| MAexp20: | 1.0530 | |
| MAexp50: | 1.0535 | |
| MAexp100: | 1.0537 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | +1.45% | |
| Price / MA100: | +1.73% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.08% |
This member declared not having a position on this financial instrument or a related financial instrument.
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