CAD/HKD - 1H - Technical analysis published on 10/21/2021 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
22%
33%
44%
My opinion
Neutral between 6.2833 HKD and 6.3136 HKD
My targets
-
My analysis
The short-term decline on CAD/HKD remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 6.2833 HKD. The first resistance is located at 6.3136 HKD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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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 rating is 6.3006 HKD. The price registered a decrease of -0.10% on the session with the lowest point at 6.2983 HKD and the highest point at 6.3267 HKD. The deviation from the price is +0.04% for the low point and -0.41% for the high point.6.2983
6.3267
6.3006
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
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/HKD chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
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.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.2256 | 6.2514 | 6.2833 | 6.3006 | 6.3047 | 6.3136 | 6.4002 |
| Change (%) | -1.19% | -0.78% | -0.27% | - | +0.07% | +0.21% | +1.58% |
| Change | -0.0750 | -0.0492 | -0.0173 | - | +0.0041 | +0.0130 | +0.0996 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Minor |
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 | 6.2615 | 6.2746 | 6.2908 | 6.3039 | 6.3201 | 6.3332 | 6.3494 |
| Camarilla | 6.2988 | 6.3015 | 6.3042 | 6.3069 | 6.3096 | 6.3123 | 6.3150 |
| Woodie | 6.2630 | 6.2754 | 6.2923 | 6.3047 | 6.3216 | 6.3340 | 6.3509 |
| Fibonacci | 6.2746 | 6.2858 | 6.2927 | 6.3039 | 6.3151 | 6.3220 | 6.3332 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.1605 | 6.1930 | 6.2419 | 6.2744 | 6.3233 | 6.3558 | 6.4047 |
| Camarilla | 6.2684 | 6.2759 | 6.2833 | 6.2908 | 6.2983 | 6.3057 | 6.3132 |
| Woodie | 6.1687 | 6.1971 | 6.2501 | 6.2785 | 6.3315 | 6.3599 | 6.4129 |
| Fibonacci | 6.1930 | 6.2241 | 6.2433 | 6.2744 | 6.3055 | 6.3247 | 6.3558 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8627 | 5.9509 | 6.0445 | 6.1327 | 6.2263 | 6.3145 | 6.4081 |
| Camarilla | 6.0882 | 6.1049 | 6.1215 | 6.1382 | 6.1549 | 6.1715 | 6.1882 |
| Woodie | 5.8655 | 5.9523 | 6.0473 | 6.1341 | 6.2291 | 6.3159 | 6.4109 |
| Fibonacci | 5.9509 | 6.0203 | 6.0632 | 6.1327 | 6.2021 | 6.2450 | 6.3145 |
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): | 46.90 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | -2.5927 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 6.3104 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.3223 | |
| Elder Ray (13): | -0.0043 | |
| Super Trend (3,10): | 6.3277 | |
| Zig ZAG (10): | 6.3007 | |
| VORTEX (21): | 1.0445 | |
| Stochastique (14,3,5): | 15.11 | |
| TEMA (21): | 6.3114 | |
| Williams %R (14): | -72.18 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | -0.0318 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0089 | |
| Courbe Coppock: | 0.10 |
| MA7: | 6.2890 | |
| MA20: | 6.2174 | |
| MA50: | 6.1754 | |
| MA100: | 6.2158 | |
| MAexp7: | 6.3083 | |
| MAexp20: | 6.3076 | |
| MAexp50: | 6.3023 | |
| MAexp100: | 6.2935 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +1.34% | |
| Price / MA50: | +2.03% | |
| Price / MA100: | +1.36% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | +0.11% |
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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