AUD/HKD - 1H - Technical analysis published on 04/14/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 4.9077 HKD
My targets
5.0267 HKD (+0.0620)
5.1280 HKD (+0.1633)
My analysis
The basic bullish trend is very strong on AUD/HKD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 4.9077 HKD. Crossing the first resistance at 5.0267 HKD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 5.1280 HKD as an objective. Crossing it would then enable buyers to target 5.1567 HKD. Caution, a return to below 4.9077 HKD would be a sign of a consolidation phase in the short-term basic trend. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/HKD rating 4.9647 HKD. The price registered an increase of +0.08% on the session and was traded between 4.9412 HKD and 4.9854 HKD over the period. The price is currently at +0.48% from its lowest and -0.42% from its highest.4.9412
4.9854
4.9647
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of AUD/HKD indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.7830 | 4.8126 | 4.9077 | 4.9647 | 4.9678 | 5.1567 | 5.3472 |
| Change (%) | -3.66% | -3.06% | -1.15% | - | +0.06% | +3.87% | +7.70% |
| Change | -0.1817 | -0.1521 | -0.0570 | - | +0.0031 | +0.1920 | +0.3825 |
| Level | Intermediate | Minor | 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 | 4.8591 | 4.8823 | 4.9215 | 4.9447 | 4.9839 | 5.0071 | 5.0463 |
| Camarilla | 4.9436 | 4.9494 | 4.9551 | 4.9608 | 4.9665 | 4.9722 | 4.9780 |
| Woodie | 4.8672 | 4.8863 | 4.9296 | 4.9487 | 4.9920 | 5.0111 | 5.0544 |
| Fibonacci | 4.8823 | 4.9061 | 4.9208 | 4.9447 | 4.9685 | 4.9832 | 5.0071 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4421 | 4.5434 | 4.7344 | 4.8357 | 5.0267 | 5.1280 | 5.3190 |
| Camarilla | 4.8450 | 4.8718 | 4.8986 | 4.9254 | 4.9522 | 4.9790 | 5.0058 |
| Woodie | 4.4870 | 4.5658 | 4.7793 | 4.8581 | 5.0716 | 5.1504 | 5.3639 |
| Fibonacci | 4.5434 | 4.6551 | 4.7240 | 4.8357 | 4.9474 | 5.0163 | 5.1280 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.3783 | 3.8287 | 4.2934 | 4.7438 | 5.2085 | 5.6589 | 6.1236 |
| Camarilla | 4.5066 | 4.5904 | 4.6743 | 4.7582 | 4.8421 | 4.9260 | 5.0099 |
| Woodie | 3.3856 | 3.8323 | 4.3007 | 4.7474 | 5.2158 | 5.6625 | 6.1309 |
| Fibonacci | 3.8287 | 4.1782 | 4.3942 | 4.7438 | 5.0933 | 5.3093 | 5.6589 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.11 | |
| MACD (12,26,9): | 0.0065 | |
| Directional Movement: | 10.0228 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 4.9708 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9420 | |
| Elder Ray (13): | 0.0071 | |
| Super Trend (3,10): | 4.9467 | |
| Zig ZAG (10): | 4.9655 | |
| VORTEX (21): | 1.0220 | |
| Stochastique (14,3,5): | 59.20 | |
| TEMA (21): | 4.9681 | |
| Williams %R (14): | -43.21 | |
| Chande Momentum Oscillator (20): | -0.0169 | |
| Repulse (5,40,3): | 0.0078 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0245 | |
| Courbe Coppock: | 0.09 |
| MA7: | 4.8721 | |
| MA20: | 4.7215 | |
| MA50: | 4.9518 | |
| MA100: | 5.1484 | |
| MAexp7: | 4.9655 | |
| MAexp20: | 4.9614 | |
| MAexp50: | 4.9422 | |
| MAexp100: | 4.9051 | |
| Price / MA7: | +1.90% | |
| Price / MA20: | +5.15% | |
| Price / MA50: | +0.26% | |
| Price / MA100: | -3.57% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.46% | |
| Price / MAexp100: | +1.22% |
This member declared not having a position on this financial instrument or a related financial instrument.
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