CAD/HKD - 1H - Technical analysis published on 11/04/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 5.8967 HKD
My targets
5.9521 HKD (+0.0355)
5.9696 HKD (+0.0530)
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 5.8967 HKD. The buyers” bullish objective is set at 5.9521 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
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 rating is 5.9166 HKD. On the day, this instrument gained +0.00% with the lowest point at 5.8294 HKD and the highest point at 5.9207 HKD. The deviation from the price is +1.50% for the low point and -0.07% for the high point.5.8294
5.9207
5.9166
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/HKD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.8829 | 5.8967 | 5.9155 | 5.9166 | 5.9696 | 6.2514 | 6.4561 |
| Change (%) | -0.57% | -0.34% | -0.02% | - | +0.90% | +5.66% | +9.12% |
| Change | -0.0337 | -0.0199 | -0.0011 | - | +0.0530 | +0.3348 | +0.5395 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8155 | 5.8364 | 5.8765 | 5.8974 | 5.9375 | 5.9584 | 5.9985 |
| Camarilla | 5.8999 | 5.9055 | 5.9111 | 5.9167 | 5.9223 | 5.9279 | 5.9335 |
| Woodie | 5.8252 | 5.8412 | 5.8862 | 5.9022 | 5.9472 | 5.9632 | 6.0082 |
| Fibonacci | 5.8364 | 5.8597 | 5.8741 | 5.8974 | 5.9207 | 5.9351 | 5.9584 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6600 | 5.7253 | 5.7734 | 5.8387 | 5.8868 | 5.9521 | 6.0002 |
| Camarilla | 5.7902 | 5.8006 | 5.8110 | 5.8214 | 5.8318 | 5.8422 | 5.8526 |
| Woodie | 5.6513 | 5.7210 | 5.7647 | 5.8344 | 5.8781 | 5.9478 | 5.9915 |
| Fibonacci | 5.7253 | 5.7687 | 5.7954 | 5.8387 | 5.8821 | 5.9088 | 5.9521 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6325 | 5.7116 | 5.7665 | 5.8456 | 5.9005 | 5.9796 | 6.0345 |
| Camarilla | 5.7846 | 5.7968 | 5.8091 | 5.8214 | 5.8337 | 5.8460 | 5.8583 |
| Woodie | 5.6204 | 5.7056 | 5.7544 | 5.8396 | 5.8884 | 5.9736 | 6.0224 |
| Fibonacci | 5.7116 | 5.7628 | 5.7944 | 5.8456 | 5.8968 | 5.9284 | 5.9796 |
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): | 62.43 | |
| MACD (12,26,9): | 0.0089 | |
| Directional Movement: | 9.5382 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 5.8965 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.8554 | |
| Elder Ray (13): | 0.0192 | |
| Super Trend (3,10): | 5.8638 | |
| Zig ZAG (10): | 5.9135 | |
| VORTEX (21): | 1.0392 | |
| Stochastique (14,3,5): | 97.96 | |
| TEMA (21): | 5.9022 | |
| Williams %R (14): | -1.26 | |
| Chande Momentum Oscillator (20): | 0.0642 | |
| Repulse (5,40,3): | 0.3594 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0069 | |
| Courbe Coppock: | 1.23 |
| MA7: | 5.8625 | |
| MA20: | 5.8798 | |
| MA50: | 5.8702 | |
| MA100: | 5.8211 | |
| MAexp7: | 5.9021 | |
| MAexp20: | 5.8867 | |
| MAexp50: | 5.8742 | |
| MAexp100: | 5.8633 | |
| Price / MA7: | +0.92% | |
| Price / MA20: | +0.63% | |
| Price / MA50: | +0.79% | |
| Price / MA100: | +1.64% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.51% | |
| Price / MAexp50: | +0.72% | |
| Price / MAexp100: | +0.91% |
Quotes :
2020-11-04 18:40:22
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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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