CAD/HKD - 1H - Technical analysis published on 11/26/2020 (GMT)
- 270
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 5.9492 HKD
My targets
5.9696 HKD (+0.0112)
5.9932 HKD (+0.0348)
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 5.9492 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 5.9492 HKD. The next bullish objective for buyers is set at 5.9696 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.9932 HKD. If there is any crossing, the next objective would be the resistance located at 6.1115 HKD. PS: if there is a bearish break in the support located at 5.9492 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/HKD rating 5.9584 HKD. The price is lower by -0.05% since the last closing with the lowest point at 5.9578 HKD and the highest point at 5.9666 HKD. The deviation from the price is +0.01% for the low point and -0.14% for the high point.5.9578
5.9666
5.9584
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 5.9184 | 5.9349 | 5.9492 | 5.9584 | 5.9629 | 5.9696 | 6.1115 |
| Change (%) | -0.67% | -0.39% | -0.15% | - | +0.08% | +0.19% | +2.57% |
| Change | -0.0400 | -0.0235 | -0.0092 | - | +0.0045 | +0.0112 | +0.1531 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Minor |
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 | 5.9316 | 5.9404 | 5.9507 | 5.9595 | 5.9698 | 5.9786 | 5.9889 |
| Camarilla | 5.9559 | 5.9576 | 5.9594 | 5.9611 | 5.9629 | 5.9646 | 5.9664 |
| Woodie | 5.9325 | 5.9408 | 5.9516 | 5.9599 | 5.9707 | 5.9790 | 5.9898 |
| Fibonacci | 5.9404 | 5.9477 | 5.9522 | 5.9595 | 5.9668 | 5.9713 | 5.9786 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8495 | 5.8749 | 5.8974 | 5.9228 | 5.9453 | 5.9707 | 5.9932 |
| Camarilla | 5.9068 | 5.9112 | 5.9156 | 5.9200 | 5.9244 | 5.9288 | 5.9332 |
| Woodie | 5.8482 | 5.8742 | 5.8961 | 5.9221 | 5.9440 | 5.9700 | 5.9919 |
| Fibonacci | 5.8749 | 5.8932 | 5.9045 | 5.9228 | 5.9411 | 5.9524 | 5.9707 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.25 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 5.1786 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 5.9637 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.9682 | |
| Elder Ray (13): | 0.0017 | |
| Super Trend (3,10): | 5.9500 | |
| Zig ZAG (10): | 5.9621 | |
| VORTEX (21): | 1.1045 | |
| Stochastique (14,3,5): | 42.31 | |
| TEMA (21): | 5.9621 | |
| Williams %R (14): | -46.59 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | -0.0574 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0047 | |
| Courbe Coppock: | 0.06 |
| MA7: | 5.9404 | |
| MA20: | 5.9230 | |
| MA50: | 5.8806 | |
| MA100: | 5.8580 | |
| MAexp7: | 5.9619 | |
| MAexp20: | 5.9612 | |
| MAexp50: | 5.9554 | |
| MAexp100: | 5.9472 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +0.60% | |
| Price / MA50: | +1.32% | |
| Price / MA100: | +1.71% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.19% |
Quotes :
2020-11-26 08:47:00
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CAD/HKD - 1H