CAD/HKD - 1H - Technical analysis published on 12/15/2020 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 6.0710 HKD
My targets
6.0941 HKD (+0.0065)
6.1115 HKD (+0.0239)
My analysis
The bullish trend is currently very strong on CAD/HKD. As long as the price remains above the support at 6.0710 HKD, you could try to benefit from the boom. The first bullish objective is located at 6.0941 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.1115 HKD as an objective. Crossing it would then enable buyers to target 6.2514 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
8.6
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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 6.0876 HKD. The price registered an increase of +0.22% on the session and was between 6.0694 HKD and 6.0905 HKD. This implies that the price is at +0.30% from its lowest and at -0.05% from its highest.6.0694
6.0905
6.0876
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 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
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.0593 | 6.0710 | 6.0823 | 6.0876 | 6.0941 | 6.1115 | 6.2514 |
| Change (%) | -0.46% | -0.27% | -0.09% | - | +0.11% | +0.39% | +2.69% |
| Change | -0.0283 | -0.0166 | -0.0053 | - | +0.0065 | +0.0239 | +0.1638 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | 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 | 6.0258 | 6.0435 | 6.0587 | 6.0764 | 6.0916 | 6.1093 | 6.1245 |
| Camarilla | 6.0650 | 6.0680 | 6.0710 | 6.0740 | 6.0770 | 6.0800 | 6.0831 |
| Woodie | 6.0247 | 6.0429 | 6.0576 | 6.0758 | 6.0905 | 6.1087 | 6.1234 |
| Fibonacci | 6.0435 | 6.0560 | 6.0638 | 6.0764 | 6.0889 | 6.0967 | 6.1093 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9795 | 6.0096 | 6.0399 | 6.0700 | 6.1003 | 6.1304 | 6.1607 |
| Camarilla | 6.0537 | 6.0592 | 6.0648 | 6.0703 | 6.0758 | 6.0814 | 6.0869 |
| Woodie | 5.9797 | 6.0097 | 6.0401 | 6.0701 | 6.1005 | 6.1305 | 6.1609 |
| Fibonacci | 6.0096 | 6.0326 | 6.0469 | 6.0700 | 6.0930 | 6.1073 | 6.1304 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6448 | 5.7216 | 5.8442 | 5.9210 | 6.0436 | 6.1204 | 6.2430 |
| Camarilla | 5.9119 | 5.9301 | 5.9484 | 5.9667 | 5.9850 | 6.0033 | 6.0215 |
| Woodie | 5.6676 | 5.7331 | 5.8670 | 5.9325 | 6.0664 | 6.1319 | 6.2658 |
| Fibonacci | 5.7216 | 5.7978 | 5.8449 | 5.9210 | 5.9972 | 6.0443 | 6.1204 |
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): | 63.40 | |
| MACD (12,26,9): | 0.0029 | |
| Directional Movement: | 7.6965 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 6.0829 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.0760 | |
| Elder Ray (13): | 0.0064 | |
| Super Trend (3,10): | 6.0667 | |
| Zig ZAG (10): | 6.0879 | |
| VORTEX (21): | 1.0797 | |
| Stochastique (14,3,5): | 82.35 | |
| TEMA (21): | 6.0834 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.0160 | |
| Repulse (5,40,3): | 0.0577 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0019 | |
| Courbe Coppock: | 0.26 |
| MA7: | 6.0658 | |
| MA20: | 6.0025 | |
| MA50: | 5.9370 | |
| MA100: | 5.8956 | |
| MAexp7: | 6.0831 | |
| MAexp20: | 6.0801 | |
| MAexp50: | 6.0772 | |
| MAexp100: | 6.0718 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +1.42% | |
| Price / MA50: | +2.54% | |
| Price / MA100: | +3.26% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.26% |
Quotes :
2020-12-15 17:33:00
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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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