Londinia Opportunities Analyses - 06/08/2023 (GMT) CAD/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
72%
0%
28%
My opinion
Bullish above 1.0066 SGD
My targets
1.0154 SGD (+0.0063)
1.0240 SGD (+0.0149)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/SGD as long as the price remains well above 1.0066 SGD. The buyers' bullish objective is set at 1.0154 SGD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.0240 SGD. If there is any crossing, the next objective would be the resistance located at 1.0447 SGD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The CAD/SGD price is 1.0091 SGD. The price registered an increase of +0.06% on the session with the lowest point at 1.0084 SGD and the highest point at 1.0091 SGD. The deviation from the price is +0.07% for the low point and 0% for the high point.1.0084
1.0091
1.0091
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
A technical analysis in 1H of this CAD/SGD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.0007 | 1.0031 | 1.0066 | 1.0091 | 1.0240 | 1.0447 | 1.0544 |
| Change (%) | -0.83% | -0.59% | -0.25% | - | +1.48% | +3.53% | +4.49% |
| Change | -0.0084 | -0.0060 | -0.0025 | - | +0.0149 | +0.0356 | +0.0453 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 0.9988 | 1.0012 | 1.0049 | 1.0073 | 1.0110 | 1.0134 | 1.0171 |
| Camarilla | 1.0068 | 1.0074 | 1.0079 | 1.0085 | 1.0091 | 1.0096 | 1.0102 |
| Woodie | 0.9994 | 1.0015 | 1.0055 | 1.0076 | 1.0116 | 1.0137 | 1.0177 |
| Fibonacci | 1.0012 | 1.0036 | 1.0050 | 1.0073 | 1.0097 | 1.0111 | 1.0134 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9819 | 0.9868 | 0.9962 | 1.0011 | 1.0105 | 1.0154 | 1.0248 |
| Camarilla | 1.0016 | 1.0029 | 1.0042 | 1.0055 | 1.0068 | 1.0081 | 1.0094 |
| Woodie | 0.9841 | 0.9879 | 0.9984 | 1.0022 | 1.0127 | 1.0165 | 1.0270 |
| Fibonacci | 0.9868 | 0.9923 | 0.9957 | 1.0011 | 1.0066 | 1.0100 | 1.0154 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.9535 | 0.9639 | 0.9800 | 0.9904 | 1.0065 | 1.0169 | 1.0330 |
| Camarilla | 0.9888 | 0.9912 | 0.9937 | 0.9961 | 0.9985 | 1.0010 | 1.0034 |
| Woodie | 0.9564 | 0.9653 | 0.9829 | 0.9918 | 1.0094 | 1.0183 | 1.0359 |
| Fibonacci | 0.9639 | 0.9740 | 0.9803 | 0.9904 | 1.0005 | 1.0068 | 1.0169 |
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): | 62.91 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 7.1040 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.0087 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.0056 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 1.0057 | |
| Zig ZAG (10): | 1.0088 | |
| VORTEX (21): | 1.1311 | |
| Stochastique (14,3,5): | 79.78 | |
| TEMA (21): | 1.0091 | |
| Williams %R (14): | -14.75 | |
| Chande Momentum Oscillator (20): | 0.0039 | |
| Repulse (5,40,3): | 0.0378 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0108 | |
| Courbe Coppock: | 0.59 |
| MA7: | 1.0043 | |
| MA20: | 0.9980 | |
| MA50: | 0.9914 | |
| MA100: | 0.9881 | |
| MAexp7: | 1.0085 | |
| MAexp20: | 1.0077 | |
| MAexp50: | 1.0064 | |
| MAexp100: | 1.0046 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | +1.79% | |
| Price / MA100: | +2.13% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.45% |
Quotes :
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Real time data
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Forex