AUD/HKD - 1H - Technical analysis published on 02/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 5.2276 HKD
My targets
5.2399 HKD (+0.0053)
5.2612 HKD (+0.0266)
My analysis
With a bullish background trend, the price of AUD/HKD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 5.2276 HKD. A bullish break in the resistance located at 5.2399 HKD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 5.2612 HKD. Then by extension. It would be safer to wait for a bullish break in the resistance located at 5.2399 HKD before allowing yourself to re trade long positions (at purchase) on AUD/HKD. PS: if there is a bearish break in the support located at 5.2276 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
0.4
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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
AUD/HKD rating 5.2346 HKD. On the day, this instrument gained -0.13% and was traded between 5.2307 HKD and 5.2507 HKD over the period. The price is currently at +0.07% from its lowest and -0.31% from its highest.5.2307
5.2507
5.2346
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/HKD:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/HKD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
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 | 5.1891 | 5.2081 | 5.2276 | 5.2346 | 5.2399 | 5.2612 | 5.2874 |
| Change (%) | -0.87% | -0.51% | -0.13% | - | +0.10% | +0.51% | +1.01% |
| Change | -0.0455 | -0.0265 | -0.0070 | - | +0.0053 | +0.0266 | +0.0528 |
| Level | Major | Minor | Minor | - | Minor | Major | 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 | 5.1862 | 5.2045 | 5.2228 | 5.2411 | 5.2594 | 5.2777 | 5.2960 |
| Camarilla | 5.2311 | 5.2345 | 5.2378 | 5.2412 | 5.2446 | 5.2479 | 5.2513 |
| Woodie | 5.1863 | 5.2045 | 5.2229 | 5.2411 | 5.2595 | 5.2777 | 5.2961 |
| Fibonacci | 5.2045 | 5.2185 | 5.2271 | 5.2411 | 5.2551 | 5.2637 | 5.2777 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0455 | 5.1178 | 5.1555 | 5.2278 | 5.2655 | 5.3378 | 5.3755 |
| Camarilla | 5.1631 | 5.1731 | 5.1832 | 5.1933 | 5.2034 | 5.2135 | 5.2236 |
| Woodie | 5.0283 | 5.1092 | 5.1383 | 5.2192 | 5.2483 | 5.3292 | 5.3583 |
| Fibonacci | 5.1178 | 5.1598 | 5.1858 | 5.2278 | 5.2698 | 5.2958 | 5.3378 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8090 | 4.9995 | 5.0964 | 5.2869 | 5.3838 | 5.5743 | 5.6712 |
| Camarilla | 5.1143 | 5.1406 | 5.1670 | 5.1933 | 5.2196 | 5.2460 | 5.2723 |
| Woodie | 4.7622 | 4.9761 | 5.0496 | 5.2635 | 5.3370 | 5.5509 | 5.6244 |
| Fibonacci | 4.9995 | 5.1093 | 5.1771 | 5.2869 | 5.3967 | 5.4645 | 5.5743 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.93 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 2.4236 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 5.2419 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.2488 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 5.2303 | |
| Zig ZAG (10): | 5.2394 | |
| VORTEX (21): | 1.0056 | |
| Stochastique (14,3,5): | 57.33 | |
| TEMA (21): | 5.2395 | |
| Williams %R (14): | -68.00 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | -0.1320 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0033 | |
| Courbe Coppock: | 0.01 |
| MA7: | 5.2214 | |
| MA20: | 5.2918 | |
| MA50: | 5.3427 | |
| MA100: | 5.3376 | |
| MAexp7: | 5.2393 | |
| MAexp20: | 5.2403 | |
| MAexp50: | 5.2353 | |
| MAexp100: | 5.2314 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | -1.08% | |
| Price / MA50: | -2.02% | |
| Price / MA100: | -1.93% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.06% |
This member declared not having a position on this financial instrument or a related financial instrument.
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