AUD/HKD - 1H - Technical analysis published on 12/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 5.2166 HKD
My targets
5.2540 HKD (+0.0244)
5.2672 HKD (+0.0376)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on AUD/HKD. As long as you are above the support located at 5.2166 HKD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 5.2540 HKD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 5.2672 HKD as an objective. Crossing it would then enable buyers to target 5.3241 HKD. If the support 5.2166 HKD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/HKD rating is 5.2296 HKD. On the day, this instrument lost -0.05% and was between 5.2023 HKD and 5.2513 HKD. This implies that the price is at +0.52% from its lowest and at -0.41% from its highest.5.2023
5.2513
5.2296
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/HKD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
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 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.1133 | 5.1717 | 5.2166 | 5.2296 | 5.2540 | 5.2672 | 5.3241 |
| Change (%) | -2.22% | -1.11% | -0.25% | - | +0.47% | +0.72% | +1.81% |
| Change | -0.1163 | -0.0579 | -0.0130 | - | +0.0244 | +0.0376 | +0.0945 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Major |
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 | 5.1543 | 5.1787 | 5.2053 | 5.2297 | 5.2563 | 5.2807 | 5.3073 |
| Camarilla | 5.2180 | 5.2227 | 5.2273 | 5.2320 | 5.2367 | 5.2414 | 5.2460 |
| Woodie | 5.1555 | 5.1793 | 5.2065 | 5.2303 | 5.2575 | 5.2813 | 5.3085 |
| Fibonacci | 5.1787 | 5.1982 | 5.2102 | 5.2297 | 5.2492 | 5.2612 | 5.2807 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9473 | 5.0222 | 5.0788 | 5.1537 | 5.2103 | 5.2852 | 5.3418 |
| Camarilla | 5.0991 | 5.1112 | 5.1233 | 5.1353 | 5.1474 | 5.1594 | 5.1715 |
| Woodie | 4.9381 | 5.0176 | 5.0696 | 5.1491 | 5.2011 | 5.2806 | 5.3326 |
| Fibonacci | 5.0222 | 5.0725 | 5.1035 | 5.1537 | 5.2040 | 5.2350 | 5.2852 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7402 | 4.8419 | 5.0006 | 5.1023 | 5.2610 | 5.3627 | 5.5214 |
| Camarilla | 5.0878 | 5.1117 | 5.1355 | 5.1594 | 5.1833 | 5.2071 | 5.2310 |
| Woodie | 4.7688 | 4.8562 | 5.0292 | 5.1166 | 5.2896 | 5.3770 | 5.5500 |
| Fibonacci | 4.8419 | 4.9413 | 5.0028 | 5.1023 | 5.2017 | 5.2632 | 5.3627 |
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): | 48.05 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | -5.6725 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 5.2376 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.2042 | |
| Elder Ray (13): | -0.0027 | |
| Super Trend (3,10): | 5.2570 | |
| Zig ZAG (10): | 5.2273 | |
| VORTEX (21): | 0.9992 | |
| Stochastique (14,3,5): | 64.56 | |
| TEMA (21): | 5.2305 | |
| Williams %R (14): | -48.78 | |
| Chande Momentum Oscillator (20): | -0.0026 | |
| Repulse (5,40,3): | -0.2907 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0090 | |
| Courbe Coppock: | 0.14 |
| MA7: | 5.1718 | |
| MA20: | 5.1533 | |
| MA50: | 5.0588 | |
| MA100: | 5.0526 | |
| MAexp7: | 5.2332 | |
| MAexp20: | 5.2334 | |
| MAexp50: | 5.2188 | |
| MAexp100: | 5.1956 | |
| Price / MA7: | +1.12% | |
| Price / MA20: | +1.48% | |
| Price / MA50: | +3.38% | |
| Price / MA100: | +3.50% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.65% |
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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