CAD/HKD - Daily - Technical analysis published on 11/25/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 6.2040 HKD
My targets
6.1246 HKD (-0.0408)
6.0728 HKD (-0.0926)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/HKD as long as the price remains well below 6.2040 HKD. The sellers' bearish objective is set at 6.1246 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.0728 HKD. In case of crossing, the next objective would be the support located at 5.9696 HKD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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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 6.1654 HKD. The price has increased by +0.11% since the last closing and was between 6.1585 HKD and 6.1688 HKD. This implies that the price is at +0.11% from its lowest and at -0.06% from its highest.6.1585
6.1688
6.1654
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CAD/HKD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.0728 | 6.1246 | 6.1541 | 6.1654 | 6.2040 | 6.3069 | 6.4523 |
| Change (%) | -1.50% | -0.66% | -0.18% | - | +0.63% | +2.30% | +4.65% |
| Change | -0.0926 | -0.0408 | -0.0113 | - | +0.0386 | +0.1415 | +0.2869 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | 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 | 6.1118 | 6.1231 | 6.1409 | 6.1522 | 6.1700 | 6.1813 | 6.1991 |
| Camarilla | 6.1507 | 6.1534 | 6.1560 | 6.1587 | 6.1614 | 6.1640 | 6.1667 |
| Woodie | 6.1151 | 6.1247 | 6.1442 | 6.1538 | 6.1733 | 6.1829 | 6.2024 |
| Fibonacci | 6.1231 | 6.1342 | 6.1411 | 6.1522 | 6.1633 | 6.1702 | 6.1813 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.0514 | 6.1020 | 6.1322 | 6.1828 | 6.2130 | 6.2636 | 6.2938 |
| Camarilla | 6.1403 | 6.1477 | 6.1551 | 6.1625 | 6.1699 | 6.1773 | 6.1847 |
| Woodie | 6.0413 | 6.0969 | 6.1221 | 6.1777 | 6.2029 | 6.2585 | 6.2837 |
| Fibonacci | 6.1020 | 6.1328 | 6.1519 | 6.1828 | 6.2136 | 6.2327 | 6.2636 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9381 | 6.0250 | 6.1530 | 6.2399 | 6.3679 | 6.4548 | 6.5828 |
| Camarilla | 6.2220 | 6.2417 | 6.2614 | 6.2811 | 6.3008 | 6.3205 | 6.3402 |
| Woodie | 5.9588 | 6.0353 | 6.1737 | 6.2502 | 6.3886 | 6.4651 | 6.6035 |
| Fibonacci | 6.0250 | 6.1071 | 6.1578 | 6.2399 | 6.3220 | 6.3727 | 6.4548 |
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): | 39.97 | |
| MACD (12,26,9): | -0.0239 | |
| Directional Movement: | -10.8215 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 6.1749 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.2041 | |
| Elder Ray (13): | -0.0231 | |
| Super Trend (3,10): | 6.2470 | |
| Zig ZAG (10): | 6.1640 | |
| VORTEX (21): | 0.8608 | |
| Stochastique (14,3,5): | 24.65 | |
| TEMA (21): | 6.1460 | |
| Williams %R (14): | -71.18 | |
| Chande Momentum Oscillator (20): | -0.0997 | |
| Repulse (5,40,3): | 0.1836 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0322 | |
| Courbe Coppock: | 3.28 |
| MA7: | 6.1605 | |
| MA20: | 6.2166 | |
| MA50: | 6.2116 | |
| MA100: | 6.1945 | |
| MAexp7: | 6.1668 | |
| MAexp20: | 6.1998 | |
| MAexp50: | 6.2115 | |
| MAexp100: | 6.2132 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.82% | |
| Price / MA50: | -0.74% | |
| Price / MA100: | -0.47% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.55% | |
| Price / MAexp50: | -0.74% | |
| Price / MAexp100: | -0.77% |
Quotes :
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Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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