CAD/HKD - 1H - Technical analysis published on 06/11/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/HKD rating 6.4189 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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3716 | 6.3858 | 6.4007 | 6.4149 | 6.4298 | 6.4440 | 6.4589 |
| Camarilla | 6.4077 | 6.4104 | 6.4130 | 6.4157 | 6.4184 | 6.4210 | 6.4237 |
| Woodie | 6.3721 | 6.3860 | 6.4012 | 6.4151 | 6.4303 | 6.4442 | 6.4594 |
| Fibonacci | 6.3858 | 6.3969 | 6.4038 | 6.4149 | 6.4260 | 6.4329 | 6.4440 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.3203 | 6.3572 | 6.3885 | 6.4254 | 6.4567 | 6.4936 | 6.5249 |
| Camarilla | 6.4011 | 6.4073 | 6.4136 | 6.4198 | 6.4261 | 6.4323 | 6.4386 |
| Woodie | 6.3175 | 6.3558 | 6.3857 | 6.4240 | 6.4539 | 6.4922 | 6.5221 |
| Fibonacci | 6.3572 | 6.3833 | 6.3994 | 6.4254 | 6.4515 | 6.4676 | 6.4936 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.1549 | 6.2225 | 6.3287 | 6.3963 | 6.5025 | 6.5701 | 6.6763 |
| Camarilla | 6.3871 | 6.4030 | 6.4190 | 6.4349 | 6.4508 | 6.4668 | 6.4827 |
| Woodie | 6.1742 | 6.2322 | 6.3480 | 6.4060 | 6.5218 | 6.5798 | 6.6956 |
| Fibonacci | 6.2225 | 6.2889 | 6.3299 | 6.3963 | 6.4627 | 6.5037 | 6.5701 |
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
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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