CAD/HKD - 1H - Technical analysis published on 04/13/2020 (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
Court terme:
Neutral
De fond:
Bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 5.5359 HKD
My targets
5.5591 HKD (+0.0072)
5.6485 HKD (+0.0966)
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 5.5359 HKD remains possible. It is advisable to trade CAD/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 5.5359 HKD. The next bullish objective for buyers is set at 5.5591 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.6485 HKD. If there is any crossing, the next objective would be the resistance located at 5.7428 HKD. PS: if there is a bearish break in the support located at 5.5359 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.
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
3.2
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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
CAD/HKD rating 5.5519 HKD. On the day, this instrument gained -0.07% and was between 5.5379 HKD and 5.5678 HKD. This implies that the price is at +0.25% from its lowest and at -0.29% from its highest.5.5379
5.5678
5.5519
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/HKD indicates that the overall trend is bullish. 71.43% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 5.4857 | 5.5069 | 5.5359 | 5.5519 | 5.5591 | 5.7428 | 5.8314 |
| Change (%) | -1.19% | -0.81% | -0.29% | - | +0.13% | +3.44% | +5.03% |
| Change | -0.0662 | -0.0450 | -0.0160 | - | +0.0072 | +0.1909 | +0.2795 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.5141 | 5.5240 | 5.5398 | 5.5497 | 5.5655 | 5.5754 | 5.5912 |
| Camarilla | 5.5485 | 5.5509 | 5.5532 | 5.5556 | 5.5580 | 5.5603 | 5.5627 |
| Woodie | 5.5171 | 5.5255 | 5.5428 | 5.5512 | 5.5685 | 5.5769 | 5.5942 |
| Fibonacci | 5.5240 | 5.5338 | 5.5399 | 5.5497 | 5.5595 | 5.5656 | 5.5754 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3434 | 5.3899 | 5.4727 | 5.5192 | 5.6020 | 5.6485 | 5.7313 |
| Camarilla | 5.5200 | 5.5319 | 5.5438 | 5.5556 | 5.5675 | 5.5793 | 5.5912 |
| Woodie | 5.3617 | 5.3990 | 5.4910 | 5.5283 | 5.6203 | 5.6576 | 5.7496 |
| Fibonacci | 5.3899 | 5.4393 | 5.4698 | 5.5192 | 5.5686 | 5.5991 | 5.6485 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7068 | 5.0010 | 5.2537 | 5.5479 | 5.8006 | 6.0948 | 6.3475 |
| Camarilla | 5.3561 | 5.4062 | 5.4564 | 5.5065 | 5.5566 | 5.6068 | 5.6569 |
| Woodie | 4.6862 | 4.9906 | 5.2331 | 5.5375 | 5.7800 | 6.0844 | 6.3269 |
| Fibonacci | 5.0010 | 5.2099 | 5.3390 | 5.5479 | 5.7568 | 5.8859 | 6.0948 |
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): | 49.50 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 0.8663 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 5.5585 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.5391 | |
| Elder Ray (13): | -0.0020 | |
| Super Trend (3,10): | 5.5713 | |
| Zig ZAG (10): | 5.5535 | |
| VORTEX (21): | 0.9473 | |
| Stochastique (14,3,5): | 65.89 | |
| TEMA (21): | 5.5567 | |
| Williams %R (14): | -53.18 | |
| Chande Momentum Oscillator (20): | 0.0024 | |
| Repulse (5,40,3): | -0.0934 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0072 | |
| Courbe Coppock: | 0.16 |
| MA7: | 5.5244 | |
| MA20: | 5.4707 | |
| MA50: | 5.6678 | |
| MA100: | 5.7992 | |
| MAexp7: | 5.5574 | |
| MAexp20: | 5.5549 | |
| MAexp50: | 5.5485 | |
| MAexp100: | 5.5367 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +1.48% | |
| Price / MA50: | -2.04% | |
| Price / MA100: | -4.26% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.27% |
This member declared not having a position on this financial instrument or a related financial instrument.
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