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CAD/HKD
CAD HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADHKD
ISIN:

CAD/HKD - 1H - Technical analysis published on 02/01/2021 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 6.0621 HKD
My targets
6.0220 HKD (-0.0184)
5.9696 HKD (-0.0708)
My analysis
The bearish trend is currently very strong for CAD/HKD. As long as the price remains below the resistance at 6.0621 HKD, you could try to take advantage of the bearish rally. The first bearish objective is located at 6.0220 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.9696 HKD as an objective. Crossing it would then enable sellers to target 5.8829 HKD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/HKD rating 6.0404 HKD. The price is lower by -0.46% since the last closing and was between 6.0379 HKD and 6.0751 HKD. This implies that the price is at +0.04% from its lowest and at -0.57% from its highest.

6.0379
6.0751
6.0404

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of CAD/HKD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour


Bullish harami

Type : Bullish

Timeframe : 1 hour


Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.8829 5.9696 6.0220 6.0404 6.0457 6.0621 6.0859
Change (%) -2.61% -1.17% -0.30% - +0.09% +0.36% +0.75%
Change -0.1575 -0.0708 -0.0184 - +0.0053 +0.0217 +0.0455
Level Intermediate Major Intermediate - Minor Intermediate 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
Standard5.96655.99436.03126.05906.09596.12376.1606
Camarilla6.05046.05636.06236.06826.07416.08016.0860
Woodie5.97125.99666.03596.06136.10066.12606.1653
Fibonacci5.99436.01906.03436.05906.08376.09906.1237


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.92895.97376.02106.06586.11316.15796.2052
Camarilla6.04296.05136.05986.06826.07666.08516.0935
Woodie5.93015.97436.02226.06646.11436.15856.2064
Fibonacci5.97376.00896.03076.06586.10106.12286.1579


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.86785.94326.00576.08116.14366.21906.2815
Camarilla6.03036.04296.05566.06826.08086.09356.1061
Woodie5.86145.94005.99936.07796.13726.21586.2751
Fibonacci5.94325.99596.02846.08116.13386.16636.2190

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): 35.96
MACD (12,26,9): -0.0030
Directional Movement: -11.6883
AROON (14): -64.2857
DEMA (21): 6.0531
Parabolic SAR (0,02-0,02-0,2): 6.0745
Elder Ray (13): -0.0122
Super Trend (3,10): 6.0701
Zig ZAG (10): 6.0403
VORTEX (21): 0.9048
Stochastique (14,3,5): 7.02
TEMA (21): 6.0567
Williams %R (14): -79.18
Chande Momentum Oscillator (20): -0.0127
Repulse (5,40,3): -0.1963
ROCnROLL: 2
TRIX (15,9): 0.0061
Courbe Coppock: 0.22
MA7: 6.0701
MA20: 6.0943
MA50: 6.0553
MA100: 5.9646
MAexp7: 6.0548
MAexp20: 6.0565
MAexp50: 6.0570
MAexp100: 6.0629
Price / MA7: -0.49%
Price / MA20: -0.88%
Price / MA50: -0.25%
Price / MA100: +1.27%
Price / MAexp7: -0.24%
Price / MAexp20: -0.27%
Price / MAexp50: -0.27%
Price / MAexp100: -0.37%

Quotes : 2021-02-01 16:20:40 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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