AUD/HKD
AUD HKD
- HKD (-)
- Real time data - Forex
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Type: Forex
Ticker: AUDHKD
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AUD/HKD - 1H - Technical analysis published on 08/05/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 5.5618 HKD
My targets
5.6009 HKD (+0.0269)
5.6510 HKD (+0.0770)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/HKD as long as the price remains well above 5.5618 HKD. The buyers” bullish objective is set at 5.6009 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.6510 HKD. If there is any crossing, the next objective would be the resistance located at 5.7121 HKD. 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, 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
7.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/HKD rating is 5.5740 HKD. The price registered an increase of +0.23% on the session with the lowest point at 5.5537 HKD and the highest point at 5.5740 HKD. The deviation from the price is +0.37% for the low point and 0% for the high point.

5.5537
5.5740
5.5740

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this AUD/HKD chart shows a strongly bullish trend. 89.29% 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 scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

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:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel 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


S3S2S1PriceR1R2R3
ProTrendLines 5.5221 5.5403 5.5618 5.5740 5.5770 5.6009 5.7121
Change (%) -0.93% -0.60% -0.22% - +0.05% +0.48% +2.48%
Change -0.0519 -0.0337 -0.0122 - +0.0030 +0.0269 +0.1381
Level Major Minor Intermediate - Minor Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.47095.48915.52525.54345.57955.59775.6338
Camarilla5.54655.55155.55645.56145.56645.57145.5763
Woodie5.48005.49365.53435.54795.58865.60225.6429
Fibonacci5.48915.50985.52265.54345.56415.57695.5977


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.37955.43665.48675.54385.59395.65105.7011
Camarilla5.50735.51725.52705.53685.54665.55655.5663
Woodie5.37605.43495.48325.54215.59045.64935.6976
Fibonacci5.43665.47765.50295.54385.58485.61015.6510


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.10685.21855.37765.48935.64845.76015.9192
Camarilla5.46235.48725.51205.53685.56165.58655.6113
Woodie5.13065.23045.40145.50125.67225.77205.9430
Fibonacci5.21855.32195.38585.48935.59275.65665.7601

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): 58.37
MACD (12,26,9): 0.0076
Directional Movement: 4.1671
AROON (14): -35.7142
DEMA (21): 5.5634
Parabolic SAR (0,02-0,02-0,2): 5.5719
Elder Ray (13): 0.0095
Super Trend (3,10): 5.5188
Zig ZAG (10): 5.5701
VORTEX (21): 1.1186
Stochastique (14,3,5): 65.60
TEMA (21): 5.5671
Williams %R (14): -1.34
Chande Momentum Oscillator (20): 0.0234
Repulse (5,40,3): 0.4272
ROCnROLL: 1
TRIX (15,9): 0.0240
Courbe Coppock: 1.10
MA7: 5.5534
MA20: 5.4886
MA50: 5.4012
MA100: 5.1526
MAexp7: 5.5665
MAexp20: 5.5529
MAexp50: 5.5435
MAexp100: 5.5415
Price / MA7: +0.37%
Price / MA20: +1.56%
Price / MA50: +3.20%
Price / MA100: +8.18%
Price / MAexp7: +0.13%
Price / MAexp20: +0.38%
Price / MAexp50: +0.55%
Price / MAexp100: +0.59%

Quotes : 2020-08-05 06:56:36 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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