AUD/HKD - 1H - Technical analysis published on 09/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 5.5221 HKD
My targets
5.3940 HKD (-0.0583)
5.3472 HKD (-0.1051)
My analysis
The bearish trend is currently very strong for AUD/HKD. As long as the price remains below the resistance at 5.5221 HKD, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.3940 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.3472 HKD as an objective. Crossing it would then enable sellers to target 5.0778 HKD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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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 5.4523 HKD. The price registered a decrease of -0.41% on the session with the lowest point at 5.4475 HKD and the highest point at 5.4871 HKD. The deviation from the price is +0.09% for the low point and -0.63% for the high point.5.4475
5.4871
5.4523
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/HKD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/HKD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.6883 | 5.0778 | 5.3472 | 5.4523 | 5.5221 | 5.6064 | 5.6485 |
| Change (%) | -14.01% | -6.87% | -1.93% | - | +1.28% | +2.83% | +3.60% |
| Change | -0.7640 | -0.3745 | -0.1051 | - | +0.0698 | +0.1541 | +0.1962 |
| Level | Minor | Minor | Major | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3570 | 5.4147 | 5.4446 | 5.5023 | 5.5322 | 5.5899 | 5.6198 |
| Camarilla | 5.4505 | 5.4585 | 5.4666 | 5.4746 | 5.4826 | 5.4907 | 5.4987 |
| Woodie | 5.3432 | 5.4078 | 5.4308 | 5.4954 | 5.5184 | 5.5830 | 5.6060 |
| Fibonacci | 5.4147 | 5.4481 | 5.4688 | 5.5023 | 5.5357 | 5.5564 | 5.5899 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.5503 | 5.5868 | 5.6187 | 5.6552 | 5.6871 | 5.7236 | 5.7555 |
| Camarilla | 5.6318 | 5.6381 | 5.6443 | 5.6506 | 5.6569 | 5.6631 | 5.6694 |
| Woodie | 5.5480 | 5.5857 | 5.6164 | 5.6541 | 5.6848 | 5.7225 | 5.7532 |
| Fibonacci | 5.5868 | 5.6129 | 5.6291 | 5.6552 | 5.6813 | 5.6975 | 5.7236 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3031 | 5.3940 | 5.5556 | 5.6465 | 5.8081 | 5.8990 | 6.0606 |
| Camarilla | 5.6478 | 5.6709 | 5.6941 | 5.7172 | 5.7404 | 5.7635 | 5.7866 |
| Woodie | 5.3385 | 5.4117 | 5.5910 | 5.6642 | 5.8435 | 5.9167 | 6.0960 |
| Fibonacci | 5.3940 | 5.4905 | 5.5501 | 5.6465 | 5.7430 | 5.8026 | 5.8990 |
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): | 26.07 | |
| MACD (12,26,9): | -0.0199 | |
| Directional Movement: | -27.0425 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 5.4566 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.4712 | |
| Elder Ray (13): | -0.0145 | |
| Super Trend (3,10): | 5.4842 | |
| Zig ZAG (10): | 5.4584 | |
| VORTEX (21): | 0.7164 | |
| Stochastique (14,3,5): | 9.40 | |
| TEMA (21): | 5.4538 | |
| Williams %R (14): | -91.16 | |
| Chande Momentum Oscillator (20): | -0.0301 | |
| Repulse (5,40,3): | -0.2644 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0509 | |
| Courbe Coppock: | 1.44 |
| MA7: | 5.5800 | |
| MA20: | 5.6298 | |
| MA50: | 5.5831 | |
| MA100: | 5.4270 | |
| MAexp7: | 5.4626 | |
| MAexp20: | 5.4833 | |
| MAexp50: | 5.5205 | |
| MAexp100: | 5.5604 | |
| Price / MA7: | -2.29% | |
| Price / MA20: | -3.15% | |
| Price / MA50: | -2.34% | |
| Price / MA100: | +0.47% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | -1.25% | |
| Price / MAexp100: | -1.96% |
Quotes :
2020-09-24 06:38:35
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Real time data
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Forex
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