CAD/HKD - 1H - Technical analysis published on 05/20/2021 (GMT)
- 208
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
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
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 6.4283 HKD
My targets
6.3781 HKD (-0.0329)
6.3666 HKD (-0.0444)
My analysis
In the short term, we can see an acceleration in the bearish trend on CAD/HKD, which is a positive signal for sellers. As long as the price remains above 6.4283 HKD, a sale could be considered. The first bearish objective is located at 6.3781 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.3666 HKD as an objective. Crossing it would then enable sellers to target 6.1561 HKD. If the price were to return above 6.4283 HKD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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 6.4110 HKD. On the day, this instrument gained +0.16% and was traded between 6.4001 HKD and 6.4151 HKD over the period. The price is currently at +0.17% from its lowest and -0.06% from its highest.6.4001
6.4151
6.4110
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/HKD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.3666 | 6.3781 | 6.4056 | 6.4110 | 6.4283 | 6.4404 | 6.4561 |
| Change (%) | -0.69% | -0.51% | -0.08% | - | +0.27% | +0.46% | +0.70% |
| Change | -0.0444 | -0.0329 | -0.0054 | - | +0.0173 | +0.0294 | +0.0451 |
| Level | Major | Minor | Minor | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3376 | 6.3661 | 6.3836 | 6.4121 | 6.4296 | 6.4581 | 6.4756 |
| Camarilla | 6.3885 | 6.3927 | 6.3969 | 6.4011 | 6.4053 | 6.4095 | 6.4138 |
| Woodie | 6.3321 | 6.3634 | 6.3781 | 6.4094 | 6.4241 | 6.4554 | 6.4701 |
| Fibonacci | 6.3661 | 6.3837 | 6.3945 | 6.4121 | 6.4297 | 6.4405 | 6.4581 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.2927 | 6.3296 | 6.3733 | 6.4102 | 6.4539 | 6.4908 | 6.5345 |
| Camarilla | 6.3947 | 6.4021 | 6.4095 | 6.4169 | 6.4243 | 6.4317 | 6.4391 |
| Woodie | 6.2960 | 6.3313 | 6.3766 | 6.4119 | 6.4572 | 6.4925 | 6.5378 |
| Fibonacci | 6.3296 | 6.3604 | 6.3794 | 6.4102 | 6.4410 | 6.4600 | 6.4908 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9991 | 6.0672 | 6.1941 | 6.2622 | 6.3891 | 6.4572 | 6.5841 |
| Camarilla | 6.2675 | 6.2854 | 6.3032 | 6.3211 | 6.3390 | 6.3569 | 6.3747 |
| Woodie | 6.0286 | 6.0819 | 6.2236 | 6.2769 | 6.4186 | 6.4719 | 6.6136 |
| Fibonacci | 6.0672 | 6.1417 | 6.1877 | 6.2622 | 6.3367 | 6.3827 | 6.4572 |
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): | 47.43 | |
| MACD (12,26,9): | -0.0049 | |
| Directional Movement: | -5.3243 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 6.4056 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.3957 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 6.4308 | |
| Zig ZAG (10): | 6.4131 | |
| VORTEX (21): | 0.9336 | |
| Stochastique (14,3,5): | 55.06 | |
| TEMA (21): | 6.4059 | |
| Williams %R (14): | -41.74 | |
| Chande Momentum Oscillator (20): | 0.0152 | |
| Repulse (5,40,3): | 0.1422 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0156 | |
| Courbe Coppock: | 0.27 |
| MA7: | 6.4131 | |
| MA20: | 6.3596 | |
| MA50: | 6.2619 | |
| MA100: | 6.1848 | |
| MAexp7: | 6.4104 | |
| MAexp20: | 6.4130 | |
| MAexp50: | 6.4207 | |
| MAexp100: | 6.4202 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +0.81% | |
| Price / MA50: | +2.38% | |
| Price / MA100: | +3.66% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.14% |
Quotes :
-
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