AUD/HKD - Daily - Technical analysis published on 04/11/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 5.3472 HKD
My targets
5.2096 HKD (-0.0252)
5.1133 HKD (-0.1215)
My analysis
AUD/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.3472 HKD. The next support located at 5.2096 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.1133 HKD. Below this support, sellers could then target 4.9360 HKD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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.
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Additional analysis
Quotes
The AUD/HKD rating is 5.2348 HKD. On the day, this instrument gained +0.32% and was traded between 5.2146 HKD and 5.2378 HKD over the period. The price is currently at +0.39% from its lowest and -0.06% from its highest.5.2146
5.2378
5.2348
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
Here is a more detailed summary of the historical variations registered by AUD/HKD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this AUD/HKD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.9360 | 5.1133 | 5.2096 | 5.2348 | 5.3472 | 5.4087 | 5.6024 |
| Change (%) | -5.71% | -2.32% | -0.48% | - | +2.15% | +3.32% | +7.02% |
| Change | -0.2988 | -0.1215 | -0.0252 | - | +0.1124 | +0.1739 | +0.3676 |
| Level | Minor | Minor | Major | - | Major | Minor | Intermediate |
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 | 5.1469 | 5.1714 | 5.1948 | 5.2193 | 5.2427 | 5.2672 | 5.2906 |
| Camarilla | 5.2051 | 5.2095 | 5.2139 | 5.2183 | 5.2227 | 5.2271 | 5.2315 |
| Woodie | 5.1465 | 5.1711 | 5.1944 | 5.2190 | 5.2423 | 5.2669 | 5.2902 |
| Fibonacci | 5.1714 | 5.1897 | 5.2010 | 5.2193 | 5.2376 | 5.2489 | 5.2672 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0732 | 5.1435 | 5.1905 | 5.2608 | 5.3078 | 5.3781 | 5.4251 |
| Camarilla | 5.2052 | 5.2160 | 5.2268 | 5.2375 | 5.2483 | 5.2590 | 5.2698 |
| Woodie | 5.0616 | 5.1377 | 5.1789 | 5.2550 | 5.2962 | 5.3723 | 5.4135 |
| Fibonacci | 5.1435 | 5.1883 | 5.2160 | 5.2608 | 5.3056 | 5.3333 | 5.3781 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9865 | 5.0695 | 5.1585 | 5.2415 | 5.3305 | 5.4135 | 5.5025 |
| Camarilla | 5.2003 | 5.2161 | 5.2318 | 5.2476 | 5.2634 | 5.2791 | 5.2949 |
| Woodie | 4.9896 | 5.0710 | 5.1616 | 5.2430 | 5.3336 | 5.4150 | 5.5056 |
| Fibonacci | 5.0695 | 5.1352 | 5.1758 | 5.2415 | 5.3072 | 5.3478 | 5.4135 |
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): | 45.63 | |
| MACD (12,26,9): | -0.0126 | |
| Directional Movement: | -3.4960 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 5.2352 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.3284 | |
| Elder Ray (13): | -0.0240 | |
| Super Trend (3,10): | 5.3621 | |
| Zig ZAG (10): | 5.2324 | |
| VORTEX (21): | 1.0297 | |
| Stochastique (14,3,5): | 24.42 | |
| TEMA (21): | 5.2467 | |
| Williams %R (14): | -72.36 | |
| Chande Momentum Oscillator (20): | 0.0200 | |
| Repulse (5,40,3): | 0.1710 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0415 | |
| Courbe Coppock: | 0.52 |
| MA7: | 5.2618 | |
| MA20: | 5.2494 | |
| MA50: | 5.3116 | |
| MA100: | 5.3233 | |
| MAexp7: | 5.2456 | |
| MAexp20: | 5.2554 | |
| MAexp50: | 5.2863 | |
| MAexp100: | 5.2995 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | -1.45% | |
| Price / MA100: | -1.66% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -0.97% | |
| Price / MAexp100: | -1.22% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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