AUD/HKD - 1H - Technical analysis published on 01/23/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 5.3222 HKD
My targets
5.2938 HKD (-0.0181)
5.2612 HKD (-0.0507)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/HKD as long as the price remains well below 5.3222 HKD. The sellers” bearish objective is set at 5.2938 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.2612 HKD. In case of crossing, the next objective would be the support located at 4.6883 HKD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
6.6
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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
The AUD/HKD rating is 5.3119 HKD. The price is lower by -0.08% since the last closing with the lowest point at 5.3088 HKD and the highest point at 5.3470 HKD. The deviation from the price is +0.06% for the low point and -0.66% for the high point.5.3088
5.3470
5.3119
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/HKD chart shows a sharp bearish trend. 82.14% 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 detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.2612 | 5.2938 | 5.3104 | 5.3119 | 5.3222 | 5.3374 | 5.3472 |
| Change (%) | -0.95% | -0.34% | -0.03% | - | +0.19% | +0.48% | +0.66% |
| Change | -0.0507 | -0.0181 | -0.0015 | - | +0.0103 | +0.0255 | +0.0353 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2791 | 5.2912 | 5.3038 | 5.3159 | 5.3285 | 5.3406 | 5.3532 |
| Camarilla | 5.3095 | 5.3118 | 5.3140 | 5.3163 | 5.3186 | 5.3208 | 5.3231 |
| Woodie | 5.2793 | 5.2913 | 5.3040 | 5.3160 | 5.3287 | 5.3407 | 5.3534 |
| Fibonacci | 5.2912 | 5.3007 | 5.3065 | 5.3159 | 5.3254 | 5.3312 | 5.3406 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2707 | 5.3040 | 5.3226 | 5.3559 | 5.3745 | 5.4078 | 5.4264 |
| Camarilla | 5.3268 | 5.3316 | 5.3363 | 5.3411 | 5.3459 | 5.3506 | 5.3554 |
| Woodie | 5.2633 | 5.3003 | 5.3152 | 5.3522 | 5.3671 | 5.4041 | 5.4190 |
| Fibonacci | 5.3040 | 5.3239 | 5.3361 | 5.3559 | 5.3758 | 5.3880 | 5.4078 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1626 | 5.2281 | 5.3469 | 5.4124 | 5.5312 | 5.5967 | 5.7155 |
| Camarilla | 5.4150 | 5.4319 | 5.4488 | 5.4657 | 5.4826 | 5.4995 | 5.5164 |
| Woodie | 5.1893 | 5.2414 | 5.3736 | 5.4257 | 5.5579 | 5.6100 | 5.7422 |
| Fibonacci | 5.2281 | 5.2985 | 5.3420 | 5.4124 | 5.4828 | 5.5263 | 5.5967 |
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): | 33.20 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -16.3398 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 5.3324 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.3465 | |
| Elder Ray (13): | -0.0149 | |
| Super Trend (3,10): | 5.3323 | |
| Zig ZAG (10): | 5.3119 | |
| VORTEX (21): | 0.9646 | |
| Stochastique (14,3,5): | 5.05 | |
| TEMA (21): | 5.3261 | |
| Williams %R (14): | -95.76 | |
| Chande Momentum Oscillator (20): | -0.0227 | |
| Repulse (5,40,3): | -0.3753 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0082 | |
| Courbe Coppock: | 0.31 |
| MA7: | 5.3373 | |
| MA20: | 5.3755 | |
| MA50: | 5.3581 | |
| MA100: | 5.3503 | |
| MAexp7: | 5.3236 | |
| MAexp20: | 5.3304 | |
| MAexp50: | 5.3291 | |
| MAexp100: | 5.3332 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -1.18% | |
| Price / MA50: | -0.86% | |
| Price / MA100: | -0.72% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | -0.40% |
This member declared not having a position on this financial instrument or a related financial instrument.
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