Singapore Dollar (S$) ⇨ US Dollar ($) (AUDUSD) HEFFX Notes
HEFFX Singapore Dollar target is 1.29 to the USD
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
By the way, prices are vulnerable to a correction towards 1.36.
The projected upper bound is: 1.36.
The projected lower bound is: 1.33.
The projected closing price is: 1.35.
Candlesticks show possible reversal
During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles. During the past 50 bars, there have been 21 white candles and 26 black candles for a net of 5 black candles.
A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
Momentum Indicators are mixed
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 81.5512. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 4 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 47.70. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 102 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -25. This is not a topping or bottoming area. The last signal was a buy 4 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.
FOREX SGD= is currently 2.5% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of SGD= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on SGD= and have had this outlook for the last 4 periods.
Sign up today to receive a free 30 day trial of Metastock or email Emma Heffernan[email protected] for more information.
Latest posts by HEFFX Australia (see all)
- Bitcoin: USD/BTC (BTC=X) risks falling back to recent lows below $9,500 - August 21, 2019
- UK FTSE 100 (.FTSE) All eyes on Fed minutes - August 21, 2019
- Japanese Yen: USD/JPY (JPY=X) increased demand for risk overnight - August 21, 2019