CAD/HKD
CAD HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADHKD
ISIN:

CAD/HKD - 1H - Technical analysis published on 09/23/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 5.8529 HKD
My targets
5.8096 HKD (-0.0161)
5.7362 HKD (-0.0895)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/HKD. As long as you are under the resistance located at 5.8529 HKD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.8096 HKD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 5.7362 HKD as an objective. Crossing it would then enable sellers to target 5.3564 HKD. If the resistance 5.8529 HKD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more 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
2

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:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/HKD rating 5.8257 HKD. On the day, this instrument gained +0.00% with the lowest point at 5.8203 HKD and the highest point at 5.8280 HKD. The deviation from the price is +0.09% for the low point and -0.04% for the high point.

5.8203
5.8280
5.8257

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAD/HKD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/HKD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.3564 5.7362 5.8096 5.8257 5.8529 5.8803 5.9340
Change (%) -8.06% -1.54% -0.28% - +0.47% +0.94% +1.86%
Change -0.4693 -0.0895 -0.0161 - +0.0272 +0.0546 +0.1083
Level Major Major Intermediate - Intermediate Intermediate 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
Standard5.73845.76695.79635.82485.85425.88275.9121
Camarilla5.80995.81525.82055.82585.83115.83645.8417
Woodie5.73905.76715.79695.82505.85485.88295.9127
Fibonacci5.76695.78905.80275.82485.84695.86065.8827


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.69775.79805.85785.95816.01796.11826.1780
Camarilla5.87365.88835.90295.91765.93235.94705.9616
Woodie5.67755.78795.83765.94805.99776.10816.1578
Fibonacci5.79805.85925.89695.95816.01936.05706.1182


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.71465.84255.90726.03516.09986.22776.2924
Camarilla5.91905.93675.95445.97205.98976.00736.0250
Woodie5.68315.82675.87576.01936.06836.21196.2609
Fibonacci5.84255.91605.96156.03516.10866.15416.2277

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): 47.32
MACD (12,26,9): -0.0038
Directional Movement: 4.3786
AROON (14): -14.2857
DEMA (21): 5.8176
Parabolic SAR (0,02-0,02-0,2): 5.8532
Elder Ray (13): 0.0012
Super Trend (3,10): 5.7987
Zig ZAG (10): 5.8226
VORTEX (21): 1.0403
Stochastique (14,3,5): 35.40
TEMA (21): 5.8229
Williams %R (14): -69.04
Chande Momentum Oscillator (20): 0.0087
Repulse (5,40,3): -0.0113
ROCnROLL: -1
TRIX (15,9): -0.0142
Courbe Coppock: 0.08
MA7: 5.8736
MA20: 5.9492
MA50: 6.0325
MA100: 6.0670
MAexp7: 5.8233
MAexp20: 5.8242
MAexp50: 5.8395
MAexp100: 5.8662
Price / MA7: -0.82%
Price / MA20: -2.08%
Price / MA50: -3.43%
Price / MA100: -3.98%
Price / MAexp7: +0.04%
Price / MAexp20: +0.03%
Price / MAexp50: -0.24%
Price / MAexp100: -0.69%

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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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…

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