Post an Analysis Request an analysis AI Londinia analysis
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 03/17/2021 (GMT)

  • 295
  • 0
Londinia
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Slightly bullish
Technical indicators
22%
44%
33%
My opinion
Bearish under 6.2400 HKD
My targets
6.2125 HKD (-0.0089)
6.1973 HKD (-0.0241)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CAD/HKD as long as the price remains well below 6.2400 HKD. The next bearish objective for sellers is set at 6.2125 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.1973 HKD. In case of crossing, the next objective would be the support located at 6.1503 HKD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 6.2125 HKD. With this support, against the trend traders who want to buy CAD/HKD on a buy signal from their trading strategy should not hesitate to act.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.1

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 6.2214 HKD. The price is lower by -0.31% since the last closing and was between 6.2179 HKD and 6.2411 HKD. This implies that the price is at +0.06% from its lowest and at -0.32% from its highest.

6.2179
6.2411
6.2214

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/HKD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.1503 6.1973 6.2125 6.2214 6.2400 6.2514 6.4561
Change (%) -1.14% -0.39% -0.14% - +0.30% +0.48% +3.77%
Change -0.0711 -0.0241 -0.0089 - +0.0186 +0.0300 +0.2347
Level Intermediate Intermediate Intermediate - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.18886.20066.22066.23246.25246.26426.2842
Camarilla6.23186.23476.23766.24056.24346.24636.2493
Woodie6.19286.20276.22466.23456.25646.26636.2882
Fibonacci6.20066.21286.22036.23246.24466.25216.2642


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.03336.07496.14846.19006.26356.30516.3786
Camarilla6.19036.20086.21146.22196.23256.24306.2536
Woodie6.04936.08296.16446.19806.27956.31316.3946
Fibonacci6.07496.11896.14606.19006.23406.26116.3051


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.80705.91526.00256.11076.19806.30626.3935
Camarilla6.03596.05396.07186.08976.10766.12556.1435
Woodie5.79655.91005.99206.10556.18756.30106.3830
Fibonacci5.91525.98996.03616.11076.18546.23166.3062

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): 40.41
MACD (12,26,9): -0.0018
Directional Movement: -12.5045
AROON (14): -64.2857
DEMA (21): 6.2295
Parabolic SAR (0,02-0,02-0,2): 6.2308
Elder Ray (13): -0.0077
Super Trend (3,10): 6.2411
Zig ZAG (10): 6.2261
VORTEX (21): 0.8575
Stochastique (14,3,5): 23.12
TEMA (21): 6.2250
Williams %R (14): -60.09
Chande Momentum Oscillator (20): -0.0113
Repulse (5,40,3): 0.0120
ROCnROLL: -1
TRIX (15,9): -0.0002
Courbe Coppock: 0.38
MA7: 6.1980
MA20: 6.1584
MA50: 6.1181
MA100: 6.0526
MAexp7: 6.2262
MAexp20: 6.2304
MAexp50: 6.2271
MAexp100: 6.2133
Price / MA7: +0.38%
Price / MA20: +1.02%
Price / MA50: +1.69%
Price / MA100: +2.79%
Price / MAexp7: -0.08%
Price / MAexp20: -0.14%
Price / MAexp50: -0.09%
Price / MAexp100: +0.13%

Quotes : 2021-03-17 16:36:08 - Real time data - Forex

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

About author

Londinia
Londinia AI

Online

Overall rating :
16057
Number of analyses :
98612
Followers :
0
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