CAD/HKD - 1H - Technical analysis published on 10/09/2020 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 5.8829 HKD
My targets
5.9176 HKD (+0.0169)
5.9696 HKD (+0.0689)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/HKD as long as the price remains well above 5.8829 HKD. The buyers” bullish objective is set at 5.9176 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.9696 HKD. If there is any crossing, the next objective would be the resistance located at 6.2514 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.9
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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 5.9007 HKD. On the day, this instrument gained +0.44% and was between 5.8730 HKD and 5.9016 HKD. This implies that the price is at +0.47% from its lowest and at -0.02% from its highest.5.8730
5.9016
5.9007
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/HKD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/HKD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
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 | 5.8264 | 5.8407 | 5.8829 | 5.9007 | 5.9696 | 6.2514 | 6.4561 |
| Change (%) | -1.26% | -1.02% | -0.30% | - | +1.17% | +5.94% | +9.41% |
| Change | -0.0743 | -0.0600 | -0.0178 | - | +0.0689 | +0.3507 | +0.5554 |
| Level | Minor | Intermediate | Major | - | Major | 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 | 5.8190 | 5.8307 | 5.8527 | 5.8644 | 5.8864 | 5.8981 | 5.9201 |
| Camarilla | 5.8654 | 5.8685 | 5.8716 | 5.8747 | 5.8778 | 5.8809 | 5.8840 |
| Woodie | 5.8242 | 5.8333 | 5.8579 | 5.8670 | 5.8916 | 5.9007 | 5.9253 |
| Fibonacci | 5.8307 | 5.8436 | 5.8515 | 5.8644 | 5.8773 | 5.8852 | 5.8981 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7199 | 5.7474 | 5.7858 | 5.8133 | 5.8517 | 5.8792 | 5.9176 |
| Camarilla | 5.8061 | 5.8121 | 5.8182 | 5.8242 | 5.8302 | 5.8363 | 5.8423 |
| Woodie | 5.7254 | 5.7501 | 5.7913 | 5.8160 | 5.8572 | 5.8819 | 5.9231 |
| Fibonacci | 5.7474 | 5.7726 | 5.7881 | 5.8133 | 5.8385 | 5.8540 | 5.8792 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.5546 | 5.6648 | 5.7441 | 5.8543 | 5.9336 | 6.0438 | 6.1231 |
| Camarilla | 5.7714 | 5.7888 | 5.8061 | 5.8235 | 5.8409 | 5.8582 | 5.8756 |
| Woodie | 5.5393 | 5.6571 | 5.7288 | 5.8466 | 5.9183 | 6.0361 | 6.1078 |
| Fibonacci | 5.6648 | 5.7372 | 5.7819 | 5.8543 | 5.9267 | 5.9714 | 6.0438 |
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): | 73.29 | |
| MACD (12,26,9): | 0.0097 | |
| Directional Movement: | 29.1588 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 5.8927 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.8797 | |
| Elder Ray (13): | 0.0080 | |
| Super Trend (3,10): | 5.8758 | |
| Zig ZAG (10): | 5.8962 | |
| VORTEX (21): | 1.2178 | |
| Stochastique (14,3,5): | 83.86 | |
| TEMA (21): | 5.8947 | |
| Williams %R (14): | -23.48 | |
| Chande Momentum Oscillator (20): | 0.0174 | |
| Repulse (5,40,3): | 0.0802 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0209 | |
| Courbe Coppock: | 0.51 |
| MA7: | 5.8484 | |
| MA20: | 5.8394 | |
| MA50: | 5.8593 | |
| MA100: | 5.7895 | |
| MAexp7: | 5.8905 | |
| MAexp20: | 5.8831 | |
| MAexp50: | 5.8677 | |
| MAexp100: | 5.8538 | |
| Price / MA7: | +0.89% | |
| Price / MA20: | +1.05% | |
| Price / MA50: | +0.71% | |
| Price / MA100: | +1.92% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +0.80% |
Quotes :
2020-10-09 15:30:36
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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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