AUD/HKD - 1H - Technical analysis published on 05/08/2023 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 5.2931 HKD
My targets
5.3472 HKD (+0.0312)
5.4088 HKD (+0.0928)
My analysis
The bullish trend is currently very strong on AUD/HKD. As long as the price remains above the support at 5.2931 HKD, you could try to benefit from the boom. The first bullish objective is located at 5.3472 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.4088 HKD as an objective. Crossing it would then enable buyers to target 5.6024 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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Additional analysis
Quotes
AUD/HKD rating 5.3160 HKD. The price registered an increase of +0.37% on the session and was between 5.2896 HKD and 5.3160 HKD. This implies that the price is at +0.50% from its lowest and at 0% from its highest.5.2896
5.3160
5.3160
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/HKD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
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 several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.2173 | 5.2508 | 5.2931 | 5.3160 | 5.3472 | 5.4088 | 5.6024 |
| Change (%) | -1.86% | -1.23% | -0.43% | - | +0.59% | +1.75% | +5.39% |
| Change | -0.0987 | -0.0652 | -0.0229 | - | +0.0312 | +0.0928 | +0.2864 |
| Level | Major | Minor | Minor | - | Major | Minor | 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 | 5.2121 | 5.2315 | 5.2639 | 5.2833 | 5.3157 | 5.3351 | 5.3675 |
| Camarilla | 5.2821 | 5.2868 | 5.2916 | 5.2963 | 5.3011 | 5.3058 | 5.3106 |
| Woodie | 5.2186 | 5.2348 | 5.2704 | 5.2866 | 5.3222 | 5.3384 | 5.3740 |
| Fibonacci | 5.2315 | 5.2513 | 5.2635 | 5.2833 | 5.3031 | 5.3153 | 5.3351 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1041 | 5.1451 | 5.2207 | 5.2617 | 5.3373 | 5.3783 | 5.4539 |
| Camarilla | 5.2642 | 5.2749 | 5.2856 | 5.2963 | 5.3070 | 5.3177 | 5.3284 |
| Woodie | 5.1214 | 5.1538 | 5.2380 | 5.2704 | 5.3546 | 5.3870 | 5.4712 |
| Fibonacci | 5.1451 | 5.1896 | 5.2172 | 5.2617 | 5.3062 | 5.3338 | 5.3783 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9398 | 5.0501 | 5.1213 | 5.2316 | 5.3028 | 5.4131 | 5.4843 |
| Camarilla | 5.1426 | 5.1592 | 5.1759 | 5.1925 | 5.2091 | 5.2258 | 5.2424 |
| Woodie | 4.9203 | 5.0403 | 5.1018 | 5.2218 | 5.2833 | 5.4033 | 5.4648 |
| Fibonacci | 5.0501 | 5.1194 | 5.1623 | 5.2316 | 5.3009 | 5.3438 | 5.4131 |
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): | 67.65 | |
| MACD (12,26,9): | 0.0093 | |
| Directional Movement: | 11.5607 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 5.3056 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.2853 | |
| Elder Ray (13): | 0.0127 | |
| Super Trend (3,10): | 5.2847 | |
| Zig ZAG (10): | 5.3114 | |
| VORTEX (21): | 1.1305 | |
| Stochastique (14,3,5): | 93.37 | |
| TEMA (21): | 5.3063 | |
| Williams %R (14): | -6.81 | |
| Chande Momentum Oscillator (20): | 0.0119 | |
| Repulse (5,40,3): | 0.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0260 | |
| Courbe Coppock: | 0.63 |
| MA7: | 5.2434 | |
| MA20: | 5.2492 | |
| MA50: | 5.2472 | |
| MA100: | 5.3218 | |
| MAexp7: | 5.3020 | |
| MAexp20: | 5.2930 | |
| MAexp50: | 5.2754 | |
| MAexp100: | 5.2575 | |
| Price / MA7: | +1.38% | |
| Price / MA20: | +1.27% | |
| Price / MA50: | +1.31% | |
| Price / MA100: | -0.11% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +0.77% | |
| Price / MAexp100: | +1.11% |
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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