Londinia Opportunities Analyses - 06/18/2021 (GMT) CAD/SGD - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 1.0856 SGD
My targets
1.0814 SGD (-0.0027)
1.0725 SGD (-0.0116)
My analysis
The bearish trend is currently very strong for CAD/SGD. As long as the price remains below the resistance at 1.0856 SGD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.0814 SGD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.0725 SGD as an objective. Crossing it would then enable sellers to target 1.0578 SGD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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
8
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The CAD/SGD price is 1.0841 SGD. The price registered a decrease of -0.25% on the session and was between 1.0835 SGD and 1.0880 SGD. This implies that the price is at +0.06% from its lowest and at -0.36% from its highest.1.0835
1.0880
1.0841
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/SGD chart shows a sharp 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 market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
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 | 1.0578 | 1.0725 | 1.0814 | 1.0841 | 1.0856 | 1.0875 | 1.0895 |
| Change (%) | -2.43% | -1.07% | -0.25% | - | +0.14% | +0.31% | +0.50% |
| Change | -0.0263 | -0.0116 | -0.0027 | - | +0.0015 | +0.0034 | +0.0054 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0809 | 1.0833 | 1.0850 | 1.0874 | 1.0891 | 1.0915 | 1.0932 |
| Camarilla | 1.0857 | 1.0861 | 1.0864 | 1.0868 | 1.0872 | 1.0876 | 1.0879 |
| Woodie | 1.0807 | 1.0831 | 1.0848 | 1.0872 | 1.0889 | 1.0913 | 1.0930 |
| Fibonacci | 1.0833 | 1.0848 | 1.0858 | 1.0874 | 1.0889 | 1.0899 | 1.0915 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0790 | 1.0841 | 1.0873 | 1.0924 | 1.0956 | 1.1007 | 1.1039 |
| Camarilla | 1.0883 | 1.0891 | 1.0898 | 1.0906 | 1.0914 | 1.0921 | 1.0929 |
| Woodie | 1.0782 | 1.0836 | 1.0865 | 1.0919 | 1.0948 | 1.1002 | 1.1031 |
| Fibonacci | 1.0841 | 1.0872 | 1.0892 | 1.0924 | 1.0955 | 1.0975 | 1.1007 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.0557 | 1.0687 | 1.0818 | 1.0948 | 1.1079 | 1.1209 | 1.1340 |
| Camarilla | 1.0878 | 1.0902 | 1.0926 | 1.0950 | 1.0974 | 1.0998 | 1.1022 |
| Woodie | 1.0559 | 1.0687 | 1.0820 | 1.0948 | 1.1081 | 1.1209 | 1.1342 |
| Fibonacci | 1.0687 | 1.0786 | 1.0848 | 1.0948 | 1.1047 | 1.1109 | 1.1209 |
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): | 34.91 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -13.0813 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.0850 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0874 | |
| Elder Ray (13): | -0.0015 | |
| Super Trend (3,10): | 1.0881 | |
| Zig ZAG (10): | 1.0843 | |
| VORTEX (21): | 0.9329 | |
| Stochastique (14,3,5): | 16.48 | |
| TEMA (21): | 1.0848 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.0029 | |
| Repulse (5,40,3): | -0.2101 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0081 | |
| Courbe Coppock: | 0.29 |
| MA7: | 1.0894 | |
| MA20: | 1.0937 | |
| MA50: | 1.0869 | |
| MA100: | 1.0730 | |
| MAexp7: | 1.0851 | |
| MAexp20: | 1.0860 | |
| MAexp50: | 1.0873 | |
| MAexp100: | 1.0889 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -0.88% | |
| Price / MA50: | -0.26% | |
| Price / MA100: | +1.03% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.44% |
Quotes :
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Real time data
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Forex