CAD/HKD - 1H - Technical analysis published on 08/10/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 6.1018 HKD
My targets
6.0766 HKD (-0.0149)
6.0658 HKD (-0.0257)
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 6.1018 HKD. The sellers' bearish objective is set at 6.0766 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6.0658 HKD. In case of crossing, the next objective would be the support located at 6.0454 HKD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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Additional analysis
Quotes
The CAD/HKD rating is 6.0915 HKD. On the day, this instrument gained +0.00% and was traded between 6.0873 HKD and 6.0931 HKD over the period. The price is currently at +0.07% from its lowest and -0.03% from its highest.6.0873
6.0931
6.0915
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/HKD indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 3 are neutral and 9 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 6.0658 | 6.0766 | 6.0888 | 6.0915 | 6.1018 | 6.1164 | 6.1375 |
| Change (%) | -0.42% | -0.24% | -0.04% | - | +0.17% | +0.41% | +0.76% |
| Change | -0.0257 | -0.0149 | -0.0027 | - | +0.0103 | +0.0249 | +0.0460 |
| Level | Intermediate | Minor | Major | - | Major | 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 | 6.0537 | 6.0694 | 6.0806 | 6.0963 | 6.1075 | 6.1232 | 6.1344 |
| Camarilla | 6.0843 | 6.0868 | 6.0892 | 6.0917 | 6.0942 | 6.0966 | 6.0991 |
| Woodie | 6.0514 | 6.0683 | 6.0783 | 6.0952 | 6.1052 | 6.1221 | 6.1321 |
| Fibonacci | 6.0694 | 6.0797 | 6.0861 | 6.0963 | 6.1066 | 6.1130 | 6.1232 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.9234 | 5.9844 | 6.0261 | 6.0871 | 6.1288 | 6.1898 | 6.2315 |
| Camarilla | 6.0396 | 6.0490 | 6.0584 | 6.0678 | 6.0772 | 6.0866 | 6.0960 |
| Woodie | 5.9138 | 5.9796 | 6.0165 | 6.0823 | 6.1192 | 6.1850 | 6.2219 |
| Fibonacci | 5.9844 | 6.0236 | 6.0479 | 6.0871 | 6.1263 | 6.1506 | 6.1898 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8004 | 5.8685 | 6.0018 | 6.0699 | 6.2032 | 6.2713 | 6.4046 |
| Camarilla | 6.0797 | 6.0982 | 6.1166 | 6.1351 | 6.1536 | 6.1720 | 6.1905 |
| Woodie | 5.8330 | 5.8848 | 6.0344 | 6.0862 | 6.2358 | 6.2876 | 6.4372 |
| Fibonacci | 5.8685 | 5.9454 | 5.9930 | 6.0699 | 6.1468 | 6.1944 | 6.2713 |
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): | 43.76 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -12.4122 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 6.0911 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.0950 | |
| Elder Ray (13): | -0.0024 | |
| Super Trend (3,10): | 6.1044 | |
| Zig ZAG (10): | 6.0916 | |
| VORTEX (21): | 0.9017 | |
| Stochastique (14,3,5): | 27.19 | |
| TEMA (21): | 6.0881 | |
| Williams %R (14): | -64.24 | |
| Chande Momentum Oscillator (20): | -0.0036 | |
| Repulse (5,40,3): | 0.0169 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0047 | |
| Courbe Coppock: | 0.32 |
| MA7: | 6.0932 | |
| MA20: | 6.0889 | |
| MA50: | 6.0954 | |
| MA100: | 6.1334 | |
| MAexp7: | 6.0910 | |
| MAexp20: | 6.0938 | |
| MAexp50: | 6.0949 | |
| MAexp100: | 6.0963 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | -0.06% | |
| Price / MA100: | -0.68% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.08% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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