CAD/HKD - 1H - Technical analysis published on 05/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 5.5903 HKD
My targets
5.6474 HKD (+0.0121)
5.6888 HKD (+0.0535)
My analysis
The basic bullish trend is very strong on CAD/HKD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 5.5903 HKD. Crossing the first resistance at 5.6474 HKD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 5.6888 HKD as an objective. Crossing it would then enable buyers to target 5.7428 HKD. Caution, a return to below 5.5903 HKD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
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 CAD/HKD price is 5.6353 HKD. On the day, this instrument lost -0.03% and was traded between 5.6262 HKD and 5.6449 HKD over the period. The price is currently at +0.16% from its lowest and -0.17% from its highest.5.6262
5.6449
5.6353
Here is a more detailed summary of the historical variations registered by CAD/HKD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/HKD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 5.5513 | 5.5724 | 5.5903 | 5.6353 | 5.6356 | 5.6474 | 5.7428 |
| Change (%) | -1.49% | -1.12% | -0.80% | - | +0.01% | +0.21% | +1.91% |
| Change | -0.0840 | -0.0629 | -0.0450 | - | +0.0003 | +0.0121 | +0.1075 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.5758 | 5.5922 | 5.6146 | 5.6310 | 5.6534 | 5.6698 | 5.6922 |
| Camarilla | 5.6263 | 5.6299 | 5.6334 | 5.6370 | 5.6406 | 5.6441 | 5.6477 |
| Woodie | 5.5788 | 5.5937 | 5.6176 | 5.6325 | 5.6564 | 5.6713 | 5.6952 |
| Fibonacci | 5.5922 | 5.6070 | 5.6162 | 5.6310 | 5.6458 | 5.6550 | 5.6698 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3918 | 5.4416 | 5.4908 | 5.5406 | 5.5898 | 5.6396 | 5.6888 |
| Camarilla | 5.5129 | 5.5220 | 5.5310 | 5.5401 | 5.5492 | 5.5583 | 5.5673 |
| Woodie | 5.3916 | 5.4415 | 5.4906 | 5.5405 | 5.5896 | 5.6395 | 5.6886 |
| Fibonacci | 5.4416 | 5.4794 | 5.5028 | 5.5406 | 5.5784 | 5.6018 | 5.6396 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2793 | 5.3506 | 5.4533 | 5.5246 | 5.6273 | 5.6986 | 5.8013 |
| Camarilla | 5.5082 | 5.5241 | 5.5401 | 5.5560 | 5.5720 | 5.5879 | 5.6039 |
| Woodie | 5.2950 | 5.3585 | 5.4690 | 5.5325 | 5.6430 | 5.7065 | 5.8170 |
| Fibonacci | 5.3506 | 5.4171 | 5.4581 | 5.5246 | 5.5911 | 5.6321 | 5.6986 |
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): | 56.95 | |
| MACD (12,26,9): | 0.0044 | |
| Directional Movement: | 7.9243 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 5.6388 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.6250 | |
| Elder Ray (13): | 0.0023 | |
| Super Trend (3,10): | 5.6508 | |
| Zig ZAG (10): | 5.6398 | |
| VORTEX (21): | 1.0171 | |
| Stochastique (14,3,5): | 59.65 | |
| TEMA (21): | 5.6349 | |
| Williams %R (14): | -31.50 | |
| Chande Momentum Oscillator (20): | 0.0022 | |
| Repulse (5,40,3): | 0.0660 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0132 | |
| Courbe Coppock: | 0.32 |
| MA7: | 5.5894 | |
| MA20: | 5.5455 | |
| MA50: | 5.5190 | |
| MA100: | 5.6674 | |
| MAexp7: | 5.6354 | |
| MAexp20: | 5.6319 | |
| MAexp50: | 5.6169 | |
| MAexp100: | 5.5963 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | +1.62% | |
| Price / MA50: | +2.11% | |
| Price / MA100: | -0.57% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.70% |
Quotes :
2020-05-28 07:10:17
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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