CAD/HKD - 15 min. - Technical analysis published on 08/18/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 6.1748 HKD
My targets
6.1891 HKD (+0.0105)
6.2073 HKD (+0.0287)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CAD/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.1748 HKD. The buyers' bullish objective is set at 6.1891 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.2073 HKD. If there is any crossing, the next objective would be the resistance located at 6.2216 HKD. If there is a bearish break in the support located at 6.1748 HKD some indecision would arise.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3
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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 6.1786 HKD. The price registered an increase of +0.12% on the session and was between 6.1651 HKD and 6.1788 HKD. This implies that the price is at +0.22% from its lowest and at +0.00% from its highest.6.1651
6.1788
6.1786
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
Here is a more detailed summary of the historical variations registered by CAD/HKD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on CAD/HKD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 15 min. chart of CAD/HKD indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
In fact, only 9 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 6.1541 | 6.1604 | 6.1679 | 6.1786 | 6.1811 | 6.1976 | 6.2083 |
| Change (%) | -0.40% | -0.29% | -0.17% | - | +0.04% | +0.31% | +0.48% |
| Change | -0.0245 | -0.0182 | -0.0107 | - | +0.0025 | +0.0190 | +0.0297 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.1241 | 6.1423 | 6.1566 | 6.1748 | 6.1891 | 6.2073 | 6.2216 |
| Camarilla | 6.1621 | 6.1650 | 6.1680 | 6.1710 | 6.1740 | 6.1770 | 6.1799 |
| Woodie | 6.1223 | 6.1413 | 6.1548 | 6.1738 | 6.1873 | 6.2063 | 6.2198 |
| Fibonacci | 6.1423 | 6.1547 | 6.1624 | 6.1748 | 6.1872 | 6.1949 | 6.2073 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.1411 | 6.1610 | 6.1900 | 6.2099 | 6.2389 | 6.2588 | 6.2878 |
| Camarilla | 6.2055 | 6.2099 | 6.2144 | 6.2189 | 6.2234 | 6.2279 | 6.2324 |
| Woodie | 6.1456 | 6.1633 | 6.1945 | 6.2122 | 6.2434 | 6.2611 | 6.2923 |
| Fibonacci | 6.1610 | 6.1797 | 6.1913 | 6.2099 | 6.2286 | 6.2402 | 6.2588 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8520 | 5.9611 | 6.0961 | 6.2052 | 6.3402 | 6.4493 | 6.5843 |
| Camarilla | 6.1640 | 6.1864 | 6.2087 | 6.2311 | 6.2535 | 6.2759 | 6.2982 |
| Woodie | 5.8650 | 5.9676 | 6.1091 | 6.2117 | 6.3532 | 6.4558 | 6.5973 |
| Fibonacci | 5.9611 | 6.0544 | 6.1120 | 6.2052 | 6.2985 | 6.3561 | 6.4493 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.40 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | -4.5674 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 6.1755 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.1723 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 6.1778 | |
| Zig ZAG (10): | 6.1742 | |
| VORTEX (21): | 0.9959 | |
| Stochastique (14,3,5): | 50.52 | |
| TEMA (21): | 6.1762 | |
| Williams %R (14): | -46.15 | |
| Chande Momentum Oscillator (20): | -0.0008 | |
| Repulse (5,40,3): | 0.0028 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0023 | |
| Courbe Coppock: | 0.09 |
| MA7: | 6.2012 | |
| MA20: | 6.2036 | |
| MA50: | 6.2382 | |
| MA100: | 6.2817 | |
| MAexp7: | 6.1753 | |
| MAexp20: | 6.1744 | |
| MAexp50: | 6.1737 | |
| MAexp100: | 6.1763 | |
| Price / MA7: | -0.36% | |
| Price / MA20: | -0.40% | |
| Price / MA50: | -0.96% | |
| Price / MA100: | -1.64% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.04% |
Quotes :
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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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