CAD/HKD
CAD HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADHKD
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CAD/HKD - 1H - Technical analysis published on 06/11/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 6.4040 HKD
My targets
6.4356 HKD (+0.0167)
6.4501 HKD (+0.0312)
My analysis
CAD/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 6.4040 HKD. The next resistance located at 6.4356 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 6.4501 HKD. After this resistance, buyers could then target 6.4561 HKD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
7.1

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.

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 6.4189 HKD. The price has increased by +0.05% since the last closing with the lowest point at 6.4142 HKD and the highest point at 6.4233 HKD. The deviation from the price is +0.07% for the low point and -0.07% for the high point.

6.4142
6.4233
6.4189

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6.3941 6.4040 6.4180 6.4189 6.4356 6.4501 6.4561
Change (%) -0.39% -0.23% -0.01% - +0.26% +0.49% +0.58%
Change -0.0248 -0.0149 -0.0009 - +0.0167 +0.0312 +0.0372
Level Minor Intermediate 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
Standard6.37166.38586.40076.41496.42986.44406.4589
Camarilla6.40776.41046.41306.41576.41846.42106.4237
Woodie6.37216.38606.40126.41516.43036.44426.4594
Fibonacci6.38586.39696.40386.41496.42606.43296.4440


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.32036.35726.38856.42546.45676.49366.5249
Camarilla6.40116.40736.41366.41986.42616.43236.4386
Woodie6.31756.35586.38576.42406.45396.49226.5221
Fibonacci6.35726.38336.39946.42546.45156.46766.4936


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.15496.22256.32876.39636.50256.57016.6763
Camarilla6.38716.40306.41906.43496.45086.46686.4827
Woodie6.17426.23226.34806.40606.52186.57986.6956
Fibonacci6.22256.28896.32996.39636.46276.50376.5701

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): 62.25
MACD (12,26,9): 0.0024
Directional Movement: 12.4711
AROON (14): 100.0000
DEMA (21): 6.4197
Parabolic SAR (0,02-0,02-0,2): 6.4139
Elder Ray (13): 0.0024
Super Trend (3,10): 6.4055
Zig ZAG (10): 6.4226
VORTEX (21): 1.0834
Stochastique (14,3,5): 85.89
TEMA (21): 6.4209
Williams %R (14): -27.00
Chande Momentum Oscillator (20): 0.0000
Repulse (5,40,3): 0.0301
ROCnROLL: 1
TRIX (15,9): 0.0048
Courbe Coppock: 0.10
MA7: 6.4133
MA20: 6.4239
MA50: 6.3343
MA100: 6.2363
MAexp7: 6.4187
MAexp20: 6.4169
MAexp50: 6.4147
MAexp100: 6.4155
Price / MA7: +0.09%
Price / MA20: -0.08%
Price / MA50: +1.34%
Price / MA100: +2.93%
Price / MAexp7: +0.00%
Price / MAexp20: +0.03%
Price / MAexp50: +0.07%
Price / MAexp100: +0.05%

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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