NZD/SGD - 1H - Technical analysis published on 11/22/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 0.8722 SGD
My targets
0.8741 SGD (+0.02%)
0.8765 SGD (+0.30%)
My analysis
NZD/SGD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.8722 SGD. The next resistance located at 0.8741 SGD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.8765 SGD. After this resistance, buyers could then target 0.8882 SGD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.3
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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 NZD/SGD price is 0.8739 SGD. On the day, this instrument gained +0.12% and was traded between 0.8719 SGD and 0.8753 SGD over the period. The price is currently at +0.23% from its lowest and -0.16% from its highest.0.8719
0.8753
0.8739
Here is a more detailed summary of the historical variations registered by NZD/SGD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/SGD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.8661 | 0.8686 | 0.8722 | 0.8739 | 0.8741 | 0.8765 | 0.8882 |
| Change (%) | -0.89% | -0.61% | -0.19% | - | +0.02% | +0.30% | +1.64% |
| Change | -0.0078 | -0.0053 | -0.0017 | - | +0.0002 | +0.0026 | +0.0143 |
| Level | Minor | Minor | Major | - | Major | Minor | 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 | 0.8663 | 0.8690 | 0.8710 | 0.8737 | 0.8757 | 0.8784 | 0.8804 |
| Camarilla | 0.8716 | 0.8720 | 0.8725 | 0.8729 | 0.8733 | 0.8738 | 0.8742 |
| Woodie | 0.8659 | 0.8688 | 0.8706 | 0.8735 | 0.8753 | 0.8782 | 0.8800 |
| Fibonacci | 0.8690 | 0.8708 | 0.8719 | 0.8737 | 0.8755 | 0.8766 | 0.8784 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0097 | 1.0136 | 1.0207 | 1.0246 | 1.0317 | 1.0356 | 1.0427 |
| Camarilla | 1.0247 | 1.0257 | 1.0267 | 1.0277 | 1.0287 | 1.0297 | 1.0307 |
| Woodie | 1.0112 | 1.0144 | 1.0222 | 1.0254 | 1.0332 | 1.0364 | 1.0442 |
| Fibonacci | 1.0136 | 1.0178 | 1.0204 | 1.0246 | 1.0288 | 1.0314 | 1.0356 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.8408 | 0.8487 | 0.8606 | 0.8685 | 0.8804 | 0.8883 | 0.9002 |
| Camarilla | 0.8672 | 0.8690 | 0.8708 | 0.8726 | 0.8744 | 0.8762 | 0.8780 |
| Woodie | 0.8429 | 0.8497 | 0.8627 | 0.8695 | 0.8825 | 0.8893 | 0.9023 |
| Fibonacci | 0.8487 | 0.8562 | 0.8609 | 0.8685 | 0.8760 | 0.8807 | 0.8883 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.54 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -0.4812 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 0.8738 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.8731 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 0.8750 | |
| Zig ZAG (10): | 0.8741 | |
| VORTEX (21): | 1.0361 | |
| Stochastique (14,3,5): | 61.76 | |
| TEMA (21): | 0.8740 | |
| Williams %R (14): | -38.24 | |
| Chande Momentum Oscillator (20): | 0.0014 | |
| Repulse (5,40,3): | -0.0312 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0009 | |
| Courbe Coppock: | 0.33 |
| MA7: | 0.8821 | |
| MA20: | 0.8728 | |
| MA50: | 0.8701 | |
| MA100: | 0.8827 | |
| MAexp7: | 0.8740 | |
| MAexp20: | 0.8737 | |
| MAexp50: | 0.8735 | |
| MAexp100: | 0.8729 | |
| Price / MA7: | -0.93% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | +0.44% | |
| Price / MA100: | -1.00% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.11% |
This member declared not having a position on this financial instrument or a related financial instrument.
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