CAD/HKD - 1H - Technical analysis published on 08/22/2022 (GMT)
- 112
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 6.0664 HKD
My targets
6.0288 HKD (-0.0080)
5.9696 HKD (-0.0672)
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 6.0664 HKD. The sellers' bearish objective is set at 6.0288 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.9696 HKD. In case of crossing, the next objective would be the support located at 5.8803 HKD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/HKD rating 6.0368 HKD. The price is lower by -0.02% since the last closing with the lowest point at 6.0266 HKD and the highest point at 6.0441 HKD. The deviation from the price is +0.17% for the low point and -0.12% for the high point.6.0266
6.0441
6.0368
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/HKD:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/HKD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 5.8803 | 5.9696 | 6.0288 | 6.0368 | 6.0664 | 6.0901 | 6.1108 |
Change (%) | -2.59% | -1.11% | -0.13% | - | +0.49% | +0.88% | +1.23% |
Change | -0.1565 | -0.0672 | -0.0080 | - | +0.0296 | +0.0533 | +0.0740 |
Level | Minor | Major | Major | - | Major | Minor | 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 | 5.9971 | 6.0142 | 6.0261 | 6.0432 | 6.0551 | 6.0722 | 6.0841 |
Camarilla | 6.0299 | 6.0326 | 6.0352 | 6.0379 | 6.0406 | 6.0432 | 6.0459 |
Woodie | 5.9944 | 6.0129 | 6.0234 | 6.0419 | 6.0524 | 6.0709 | 6.0814 |
Fibonacci | 6.0142 | 6.0253 | 6.0322 | 6.0432 | 6.0543 | 6.0612 | 6.0722 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.8952 | 5.9633 | 6.0006 | 6.0687 | 6.1060 | 6.1741 | 6.2114 |
Camarilla | 6.0089 | 6.0186 | 6.0282 | 6.0379 | 6.0476 | 6.0572 | 6.0669 |
Woodie | 5.8798 | 5.9556 | 5.9852 | 6.0610 | 6.0906 | 6.1664 | 6.1960 |
Fibonacci | 5.9633 | 6.0036 | 6.0284 | 6.0687 | 6.1090 | 6.1338 | 6.1741 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 38.72 | |
MACD (12,26,9): | -0.0041 | |
Directional Movement: | -17.1222 | |
AROON (14): | -85.7143 | |
DEMA (21): | 6.0330 | |
Parabolic SAR (0,02-0,02-0,2): | 6.0420 | |
Elder Ray (13): | -0.0065 | |
Super Trend (3,10): | 6.0470 | |
Zig ZAG (10): | 6.0335 | |
VORTEX (21): | 0.9076 | |
Stochastique (14,3,5): | 15.67 | |
TEMA (21): | 6.0341 | |
Williams %R (14): | -65.71 | |
Chande Momentum Oscillator (20): | -0.0082 | |
Repulse (5,40,3): | -0.0427 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0105 | |
Courbe Coppock: | 0.10 |
MA7: | 6.0735 | |
MA20: | 6.0979 | |
MA50: | 6.0771 | |
MA100: | 6.1194 | |
MAexp7: | 6.0356 | |
MAexp20: | 6.0389 | |
MAexp50: | 6.0490 | |
MAexp100: | 6.0628 | |
Price / MA7: | -0.60% | |
Price / MA20: | -1.00% | |
Price / MA50: | -0.66% | |
Price / MA100: | -1.35% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | -0.03% | |
Price / MAexp50: | -0.20% | |
Price / MAexp100: | -0.43% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CAD/HKD - 1H