AUD/HKD - 1H - Technical analysis published on 05/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 5.1275 HKD
My targets
5.1788 HKD (+0.0380)
5.2138 HKD (+0.0730)
My analysis
With a bullish background trend, the price of AUD/HKD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 5.1275 HKD. A bullish break in the resistance located at 5.1788 HKD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 5.2138 HKD. Then by extension. It would be safer to wait for a bullish break in the resistance located at 5.1788 HKD before allowing yourself to re trade long positions (at purchase) on AUD/HKD. PS: if there is a bearish break in the support located at 5.1275 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0.2
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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
The AUD/HKD price is 5.1408 HKD. The price registered a decrease of -0.04% on the session and was traded between 5.1310 HKD and 5.1819 HKD over the period. The price is currently at +0.19% from its lowest and -0.79% from its highest.5.1310
5.1819
5.1408
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/HKD chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.0937 | 5.1082 | 5.1275 | 5.1408 | 5.1447 | 5.1788 | 5.2616 |
| Change (%) | -0.92% | -0.63% | -0.26% | - | +0.08% | +0.74% | +2.35% |
| Change | -0.0471 | -0.0326 | -0.0133 | - | +0.0039 | +0.0380 | +0.1208 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Minor |
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 | 5.0497 | 5.0789 | 5.1108 | 5.1400 | 5.1719 | 5.2011 | 5.2330 |
| Camarilla | 5.1260 | 5.1316 | 5.1372 | 5.1428 | 5.1484 | 5.1540 | 5.1596 |
| Woodie | 5.0512 | 5.0796 | 5.1123 | 5.1407 | 5.1734 | 5.2018 | 5.2345 |
| Fibonacci | 5.0789 | 5.1022 | 5.1166 | 5.1400 | 5.1633 | 5.1777 | 5.2011 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8274 | 4.8986 | 4.9850 | 5.0562 | 5.1426 | 5.2138 | 5.3002 |
| Camarilla | 5.0280 | 5.0424 | 5.0569 | 5.0713 | 5.0858 | 5.1002 | 5.1146 |
| Woodie | 4.8349 | 4.9024 | 4.9925 | 5.0600 | 5.1501 | 5.2176 | 5.3077 |
| Fibonacci | 4.8986 | 4.9588 | 4.9960 | 5.0562 | 5.1164 | 5.1536 | 5.2138 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2951 | 4.4659 | 4.7499 | 4.9207 | 5.2047 | 5.3755 | 5.6595 |
| Camarilla | 4.9089 | 4.9506 | 4.9923 | 5.0340 | 5.0757 | 5.1174 | 5.1591 |
| Woodie | 4.3518 | 4.4942 | 4.8066 | 4.9490 | 5.2614 | 5.4038 | 5.7162 |
| Fibonacci | 4.4659 | 4.6396 | 4.7469 | 4.9207 | 5.0944 | 5.2017 | 5.3755 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.08 | |
| MACD (12,26,9): | 0.0031 | |
| Directional Movement: | -1.8950 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 5.1577 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1803 | |
| Elder Ray (13): | -0.0120 | |
| Super Trend (3,10): | 5.1341 | |
| Zig ZAG (10): | 5.1477 | |
| VORTEX (21): | 1.0147 | |
| Stochastique (14,3,5): | 28.16 | |
| TEMA (21): | 5.1540 | |
| Williams %R (14): | -73.28 | |
| Chande Momentum Oscillator (20): | -0.0104 | |
| Repulse (5,40,3): | -0.2301 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0122 | |
| Courbe Coppock: | 0.24 |
| MA7: | 5.1162 | |
| MA20: | 5.0549 | |
| MA50: | 4.9307 | |
| MA100: | 5.0315 | |
| MAexp7: | 5.1506 | |
| MAexp20: | 5.1533 | |
| MAexp50: | 5.1452 | |
| MAexp100: | 5.1313 | |
| Price / MA7: | +0.48% | |
| Price / MA20: | +1.70% | |
| Price / MA50: | +4.26% | |
| Price / MA100: | +2.17% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | +0.19% |
Quotes :
2020-05-29 16:31:18
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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