Londinia Opportunities Analyses - 06/24/2022 (GMT) GBP/SGD - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.7025 SGD
My targets
1.7085 SGD (+0.0036)
1.7154 SGD (+0.0105)
My analysis
The bullish trend is currently very strong on GBP/SGD. As long as the price remains above the support at 1.7025 SGD, you could try to benefit from the boom. The first bullish objective is located at 1.7085 SGD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.7154 SGD as an objective. Crossing it would then enable buyers to target 1.7391 SGD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The GBP/SGD price is 1.7049 SGD. The price has increased by +0.11% since the last closing and was traded between 1.7027 SGD and 1.7054 SGD over the period. The price is currently at +0.13% from its lowest and -0.03% from its highest.1.7027
1.7054
1.7049
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/SGD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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 this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.6753 | 1.6931 | 1.7025 | 1.7049 | 1.7085 | 1.7154 | 1.7391 |
Change (%) | -1.74% | -0.69% | -0.14% | - | +0.21% | +0.62% | +2.01% |
Change | -0.0296 | -0.0118 | -0.0024 | - | +0.0036 | +0.0105 | +0.0342 |
Level | Major | Intermediate | Minor | - | Intermediate | 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 | 1.6796 | 1.6858 | 1.6945 | 1.7007 | 1.7094 | 1.7156 | 1.7243 |
Camarilla | 1.6990 | 1.7004 | 1.7017 | 1.7031 | 1.7045 | 1.7058 | 1.7072 |
Woodie | 1.6808 | 1.6864 | 1.6957 | 1.7013 | 1.7106 | 1.7162 | 1.7255 |
Fibonacci | 1.6858 | 1.6915 | 1.6950 | 1.7007 | 1.7064 | 1.7099 | 1.7156 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6226 | 1.6441 | 1.6723 | 1.6938 | 1.7220 | 1.7435 | 1.7717 |
Camarilla | 1.6867 | 1.6913 | 1.6958 | 1.7004 | 1.7050 | 1.7095 | 1.7141 |
Woodie | 1.6259 | 1.6458 | 1.6756 | 1.6955 | 1.7253 | 1.7452 | 1.7750 |
Fibonacci | 1.6441 | 1.6631 | 1.6749 | 1.6938 | 1.7128 | 1.7246 | 1.7435 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6566 | 1.6774 | 1.7023 | 1.7231 | 1.7480 | 1.7688 | 1.7937 |
Camarilla | 1.7147 | 1.7189 | 1.7231 | 1.7273 | 1.7315 | 1.7357 | 1.7399 |
Woodie | 1.6588 | 1.6784 | 1.7045 | 1.7241 | 1.7502 | 1.7698 | 1.7959 |
Fibonacci | 1.6774 | 1.6948 | 1.7056 | 1.7231 | 1.7405 | 1.7513 | 1.7688 |
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): | 56.61 | |
MACD (12,26,9): | 0.0011 | |
Directional Movement: | 9.2767 | |
AROON (14): | -21.4285 | |
DEMA (21): | 1.7042 | |
Parabolic SAR (0,02-0,02-0,2): | 1.7007 | |
Elder Ray (13): | 0.0013 | |
Super Trend (3,10): | 1.6973 | |
Zig ZAG (10): | 1.7050 | |
VORTEX (21): | 1.0827 | |
Stochastique (14,3,5): | 69.92 | |
TEMA (21): | 1.7049 | |
Williams %R (14): | -24.39 | |
Chande Momentum Oscillator (20): | 0.0035 | |
Repulse (5,40,3): | 0.0743 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0071 | |
Courbe Coppock: | 0.43 |
MA7: | 1.7023 | |
MA20: | 1.7100 | |
MA50: | 1.7232 | |
MA100: | 1.7603 | |
MAexp7: | 1.7042 | |
MAexp20: | 1.7029 | |
MAexp50: | 1.7017 | |
MAexp100: | 1.7008 | |
Price / MA7: | +0.15% | |
Price / MA20: | -0.30% | |
Price / MA50: | -1.06% | |
Price / MA100: | -3.15% | |
Price / MAexp7: | +0.04% | |
Price / MAexp20: | +0.12% | |
Price / MAexp50: | +0.19% | |
Price / MAexp100: | +0.24% |
Quotes :
-
Real time data
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Forex