CAD/HKD - 1H - Technical analysis published on 09/29/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 6.1424 HKD
My targets
6.1252 HKD (-0.0069)
6.0853 HKD (-0.0468)
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 6.1424 HKD, a sale could be considered. The first bearish objective is located at 6.1252 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.0853 HKD as an objective. Crossing it would then enable sellers to target 6.0706 HKD. If the price were to return above 6.1424 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
3.4
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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
The CAD/HKD price is 6.1321 HKD. On the day, this instrument lost -0.12% and was traded between 6.1290 HKD and 6.1449 HKD over the period. The price is currently at +0.05% from its lowest and -0.21% from its highest.6.1290
6.1449
6.1321
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on CAD/HKD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this CAD/HKD chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.0706 | 6.0853 | 6.1252 | 6.1321 | 6.1424 | 6.1541 | 6.1792 |
| Change (%) | -1.00% | -0.76% | -0.11% | - | +0.17% | +0.36% | +0.77% |
| Change | -0.0615 | -0.0468 | -0.0069 | - | +0.0103 | +0.0220 | +0.0471 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Intermediate |
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 | 6.0629 | 6.0940 | 6.1169 | 6.1480 | 6.1709 | 6.2020 | 6.2249 |
| Camarilla | 6.1249 | 6.1298 | 6.1348 | 6.1397 | 6.1447 | 6.1496 | 6.1546 |
| Woodie | 6.0587 | 6.0920 | 6.1127 | 6.1460 | 6.1667 | 6.2000 | 6.2207 |
| Fibonacci | 6.0940 | 6.1147 | 6.1274 | 6.1480 | 6.1687 | 6.1814 | 6.2020 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9507 | 5.9949 | 6.0734 | 6.1176 | 6.1961 | 6.2403 | 6.3188 |
| Camarilla | 6.1183 | 6.1295 | 6.1408 | 6.1520 | 6.1633 | 6.1745 | 6.1857 |
| Woodie | 5.9680 | 6.0035 | 6.0907 | 6.1262 | 6.2134 | 6.2489 | 6.3361 |
| Fibonacci | 5.9949 | 6.0417 | 6.0707 | 6.1176 | 6.1644 | 6.1934 | 6.2403 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8129 | 5.9148 | 6.0398 | 6.1417 | 6.2667 | 6.3686 | 6.4936 |
| Camarilla | 6.1023 | 6.1231 | 6.1439 | 6.1647 | 6.1855 | 6.2063 | 6.2271 |
| Woodie | 5.8244 | 5.9206 | 6.0513 | 6.1475 | 6.2782 | 6.3744 | 6.5051 |
| Fibonacci | 5.9148 | 6.0015 | 6.0551 | 6.1417 | 6.2284 | 6.2820 | 6.3686 |
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): | 43.42 | |
| MACD (12,26,9): | -0.0042 | |
| Directional Movement: | -2.8749 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 6.1347 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.1290 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 6.1630 | |
| Zig ZAG (10): | 6.1398 | |
| VORTEX (21): | 0.9286 | |
| Stochastique (14,3,5): | 69.39 | |
| TEMA (21): | 6.1338 | |
| Williams %R (14): | -38.82 | |
| Chande Momentum Oscillator (20): | -0.0007 | |
| Repulse (5,40,3): | -0.0299 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0132 | |
| Courbe Coppock: | 0.01 |
| MA7: | 6.1295 | |
| MA20: | 6.1401 | |
| MA50: | 6.1666 | |
| MA100: | 6.2461 | |
| MAexp7: | 6.1375 | |
| MAexp20: | 6.1404 | |
| MAexp50: | 6.1455 | |
| MAexp100: | 6.1418 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | -0.56% | |
| Price / MA100: | -1.83% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.16% |
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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