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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 04/08/2021 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • 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: Bearish
Technical indicators
72%
0%
28%
My opinion
Bearish under 6.1973 HKD
My targets
6.1623 HKD (-0.0120)
6.1557 HKD (-0.0186)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/HKD. As long as you are under the resistance located at 6.1973 HKD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 6.1623 HKD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 6.1557 HKD as an objective. Crossing it would then enable sellers to target 6.1475 HKD. If the resistance 6.1973 HKD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.2

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

The CAD/HKD price is 6.1743 HKD. The price has increased by +0.04% since the last closing and was between 6.1651 HKD and 6.1786 HKD. This implies that the price is at +0.15% from its lowest and at -0.07% from its highest.

6.1651
6.1786
6.1743

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:
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


A technical analysis in 1H of this CAD/HKD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.1557 6.1623 6.1692 6.1743 6.1794 6.1973 6.2072
Change (%) -0.30% -0.19% -0.08% - +0.08% +0.37% +0.53%
Change -0.0186 -0.0120 -0.0051 - +0.0051 +0.0230 +0.0329
Level Minor Minor Minor - Intermediate Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.13306.14766.15966.17426.18626.20086.2128
Camarilla6.16436.16676.16926.17166.17406.17656.1789
Woodie6.13176.14706.15836.17366.18496.20026.2115
Fibonacci6.14766.15786.16406.17426.18446.19066.2008


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.09226.11986.15196.17956.21166.23926.2713
Camarilla6.16756.17306.17846.18396.18946.19496.2003
Woodie6.09446.12096.15416.18066.21386.24036.2735
Fibonacci6.11986.14266.15676.17956.20236.21646.2392


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.90125.99516.09166.18556.28206.37596.4724
Camarilla6.13566.15316.17066.18806.20556.22296.2404
Woodie5.90245.99586.09286.18626.28326.37666.4736
Fibonacci5.99516.06796.11286.18556.25836.30326.3759

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): 52.68
MACD (12,26,9): -0.0021
Directional Movement: -1.9590
AROON (14): 71.4286
DEMA (21): 6.1702
Parabolic SAR (0,02-0,02-0,2): 6.1630
Elder Ray (13): 0.0034
Super Trend (3,10): 6.1884
Zig ZAG (10): 6.1769
VORTEX (21): 0.9904
Stochastique (14,3,5): 90.38
TEMA (21): 6.1734
Williams %R (14): -7.41
Chande Momentum Oscillator (20): 0.0113
Repulse (5,40,3): 0.0868
ROCnROLL: -1
TRIX (15,9): -0.0077
Courbe Coppock: 0.05
MA7: 6.1875
MA20: 6.1958
MA50: 6.1475
MA100: 6.0988
MAexp7: 6.1743
MAexp20: 6.1740
MAexp50: 6.1799
MAexp100: 6.1835
Price / MA7: -0.21%
Price / MA20: -0.35%
Price / MA50: +0.44%
Price / MA100: +1.24%
Price / MAexp7: -0%
Price / MAexp20: +0.00%
Price / MAexp50: -0.09%
Price / MAexp100: -0.15%

Quotes : - Real time data - Forex

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

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Londinia
Londinia AI

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