Free Singapore Dollar/New Zealand Dollar (SGDNZD) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Hold Hold Hold
Last Update / Period
18 Apr / Daily
Category/Currency
Currency/NZD
Exchange/Country
CCY/--

Singapore Dollar/New Zealand Dollar (SGDNZD) signal with technical analysis on 18 Apr

On 18 Apr, we conducted a comprehensive technical analysis of Singapore Dollar/New Zealand Dollar (SGDNZD), considering 256 signals with intricate details. Here are the key findings: 23 signals suggested buy strategies, while 126 indicated sell strategies. The remaining 107 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 5
Sell Signals: 30
Neutral Signals: 29
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 4
Sell Signals: 34
Neutral Signals: 26
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 7
Sell Signals: 29
Neutral Signals: 28
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 7
Sell Signals: 33
Neutral Signals: 24
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 23
Sell Signals: 126
Neutral Signals: 107
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Singapore Dollar/New Zealand Dollar (SGDNZD) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Singapore Dollar/New Zealand Dollar (SGDNZD) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Singapore Dollar/New Zealand Dollar (SGDNZD) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
Singapore Dollar/New Zealand Dollar (SGDNZD) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 5.34% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **Singapore Dollar/New Zealand Dollar (SGDNZD)** holdings.

Singapore Dollar/New Zealand Dollar (SGDNZD) Price Analysis and Support Levels:

In our current Singapore Dollar/New Zealand Dollar (SGDNZD) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 1.261 We are closely monitoring the price at the first support level of 1.261, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 1.22 If the first support level at 1.261 is broken, the second support level at 1.22 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

Third Support Level: 1.195 If the price continues to decline, and the second support level is breached, it signals a significant shift in market dynamics. Staying below 1.195 would indicate a persistent downward trend, with traders looking to this third support level as the next reference point.
It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading Singapore Dollar/New Zealand Dollar (SGDNZD). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

Singapore Dollar/New Zealand Dollar (SGDNZD) technical analysis chart

Singapore Dollar/New Zealand Dollar (SGDNZD) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 1.261 1.22 1.195 1.189 --
 Singapore Dollar/New Zealand Dollar (SGDNZD) Support and Resistance area (18 Apr)  Singapore Dollar/New Zealand Dollar (SGDNZD) Support and Resistance area (18 Apr)

Singapore Dollar/New Zealand Dollar (SGDNZD) signals list for 18 Apr

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Singapore Dollar/New Zealand Dollar (SGDNZD) candlestick patterns on 18 Apr

Today's Singapore Dollar/New Zealand Dollar (SGDNZD) Candle Patterns List:

Doji High-Wave Candle Long Legged Doji Rickshaw Man Short Line Candle Spinning Top

Singapore Dollar/New Zealand Dollar (SGDNZD) technical analysis over the past days

# Date Overal Signals ALL Signals
1 17 Apr Hold HoldHoldHoldHold
2 16 Apr Hold HoldHoldHoldHold
3 15 Apr Sell HoldSellSellSell
4 14 Apr Sell HoldNeutralNeutralNeutral
5 11 Apr Neutral NeutralNeutralHoldNeutral
6 10 Apr Hold NeutralHoldHoldHold
7 09 Apr Hold HoldHoldHoldHold
8 08 Apr Hold HoldHoldHoldHold
9 07 Apr Buy BuyBuyBuyBuy
10 04 Apr Hold HoldHoldHoldHold
11 03 Apr Sell SellHoldSellHold
12 02 Apr Sell NeutralSellNeutralSell
13 01 Apr Buy HoldHoldNeutralNeutral
14 31 Mar Buy BuyBuyNeutralHold
15 28 Mar Sell NeutralNeutralHoldHold
16 27 Mar Hold NeutralNeutralHoldHold
17 26 Mar Hold HoldNeutralHoldHold
18 25 Mar Buy BuyNeutralHoldHold
19 24 Mar Hold NeutralHoldHoldHold
20 21 Mar Hold NeutralHoldHoldHold
21 20 Mar Hold HoldHoldHoldHold
22 19 Mar Hold HoldHoldHoldHold
23 18 Mar Hold HoldHoldHoldHold
24 17 Mar Sell HoldHoldSellSell
25 14 Mar Hold HoldHoldNeutralNeutral
26 13 Mar Sell SellHoldSellNeutral
27 12 Mar Hold NeutralSellHoldHold
28 11 Mar Hold NeutralNeutralHoldHold
29 10 Mar Buy HoldBuyBuyBuy
30 07 Mar Hold HoldNeutralNeutralNeutral

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