Londinia Opportunities Analyses - 06/24/2022 (GMT) GBP/SGD - 1H

- SGD (-)
- Real time data - Forex
Type: Forex
Ticker: GBPSGD
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • 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.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard1.67961.68581.69451.70071.70941.71561.7243
Camarilla1.69901.70041.70171.70311.70451.70581.7072
Woodie1.68081.68641.69571.70131.71061.71621.7255
Fibonacci1.68581.69151.69501.70071.70641.70991.7156


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.62261.64411.67231.69381.72201.74351.7717
Camarilla1.68671.69131.69581.70041.70501.70951.7141
Woodie1.62591.64581.67561.69551.72531.74521.7750
Fibonacci1.64411.66311.67491.69381.71281.72461.7435


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.65661.67741.70231.72311.74801.76881.7937
Camarilla1.71471.71891.72311.72731.73151.73571.7399
Woodie1.65881.67841.70451.72411.75021.76981.7959
Fibonacci1.67741.69481.70561.72311.74051.75131.7688

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 - Forex