AUD/HKD - 1H - Technical analysis published on 07/11/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 5.1996 HKD
My targets
5.2378 HKD (+0.0124)
5.2454 HKD (+0.0200)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 5.1996 HKD remains possible. It is advisable to trade AUD/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 5.1996 HKD. The next bullish objective for buyers is set at 5.2378 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.2454 HKD. If there is any crossing, the next objective would be the resistance located at 5.2544 HKD. PS: if there is a bearish break in the support located at 5.1996 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
1.6
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Additional analysis
Quotes
AUD/HKD rating 5.2254 HKD. The price is lower by -0.01% since the last closing with the lowest point at 5.2143 HKD and the highest point at 5.2401 HKD. The deviation from the price is +0.21% for the low point and -0.28% for the high point.5.2143
5.2401
5.2254
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/HKD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
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 this signal:
Near horizontal resistance
Type : Bearish
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 | 5.1674 | 5.1859 | 5.1996 | 5.2254 | 5.2287 | 5.2378 | 5.2454 |
| Change (%) | -1.11% | -0.76% | -0.49% | - | +0.06% | +0.24% | +0.38% |
| Change | -0.0580 | -0.0395 | -0.0258 | - | +0.0033 | +0.0124 | +0.0200 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1358 | 5.1609 | 5.1933 | 5.2184 | 5.2508 | 5.2759 | 5.3083 |
| Camarilla | 5.2100 | 5.2153 | 5.2205 | 5.2258 | 5.2311 | 5.2363 | 5.2416 |
| Woodie | 5.1396 | 5.1627 | 5.1971 | 5.2202 | 5.2546 | 5.2777 | 5.3121 |
| Fibonacci | 5.1609 | 5.1828 | 5.1964 | 5.2184 | 5.2403 | 5.2539 | 5.2759 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0900 | 5.1256 | 5.1805 | 5.2161 | 5.2710 | 5.3066 | 5.3615 |
| Camarilla | 5.2105 | 5.2188 | 5.2271 | 5.2354 | 5.2437 | 5.2520 | 5.2603 |
| Woodie | 5.0997 | 5.1304 | 5.1902 | 5.2209 | 5.2807 | 5.3114 | 5.3712 |
| Fibonacci | 5.1256 | 5.1602 | 5.1815 | 5.2161 | 5.2507 | 5.2720 | 5.3066 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7527 | 4.9160 | 5.0698 | 5.2331 | 5.3869 | 5.5502 | 5.7040 |
| Camarilla | 5.1365 | 5.1656 | 5.1946 | 5.2237 | 5.2528 | 5.2818 | 5.3109 |
| Woodie | 4.7481 | 4.9136 | 5.0652 | 5.2307 | 5.3823 | 5.5478 | 5.6994 |
| Fibonacci | 4.9160 | 5.0371 | 5.1119 | 5.2331 | 5.3542 | 5.4290 | 5.5502 |
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): | 50.37 | |
| MACD (12,26,9): | 0.0026 | |
| Directional Movement: | -7.6570 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 5.2292 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.2378 | |
| Elder Ray (13): | -0.0061 | |
| Super Trend (3,10): | 5.2103 | |
| Zig ZAG (10): | 5.2244 | |
| VORTEX (21): | 1.1387 | |
| Stochastique (14,3,5): | 18.51 | |
| TEMA (21): | 5.2290 | |
| Williams %R (14): | -63.95 | |
| Chande Momentum Oscillator (20): | -0.0016 | |
| Repulse (5,40,3): | -0.0715 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0105 | |
| Courbe Coppock: | 0.22 |
| MA7: | 5.2203 | |
| MA20: | 5.2585 | |
| MA50: | 5.2305 | |
| MA100: | 5.2406 | |
| MAexp7: | 5.2261 | |
| MAexp20: | 5.2254 | |
| MAexp50: | 5.2201 | |
| MAexp100: | 5.2167 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | -0.29% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.17% |
Quotes :
-
Real time data
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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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