CAD/HKD

- HKD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADHKD
ISIN:

CAD/HKD - Daily - Technical analysis published on 03/10/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 5.7927 HKD

My targets

5.5222 HKD (-0.1515)

5.3564 HKD (-0.3173)

My analysis

CAD/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.7927 HKD. The next support located at 5.5222 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.3564 HKD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.3

Comment on the analysis

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 5.6737 HKD. The price is lower by -0.03% since the last closing with the lowest point at 5.6632 HKD and the highest point at 5.6775 HKD. The deviation from the price is +0.19% for the low point and -0.07% for the high point.

5.6632

5.6775

5.6737

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CAD/HKD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

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 this Daily chart of CAD/HKD indicates that the overall trend is strongly bearish. 89.29% 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 does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 3

Type : Neutral

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:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	5.3564	5.6580	5.6737	5.7927	5.9123	5.9696
Change (%)	-5.59%	-0.28%	-	+2.10%	+4.21%	+5.22%
Change	-0.3173	-0.0157	-	+0.1190	+0.2386	+0.2959
Level	Major	Major	-	Minor	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.6280	5.6505	5.6628	5.6853	5.6976	5.7201	5.7324
Camarilla	5.6655	5.6687	5.6719	5.6751	5.6783	5.6815	5.6847
Woodie	5.6229	5.6480	5.6577	5.6828	5.6925	5.7176	5.7273
Fibonacci	5.6505	5.6638	5.6720	5.6853	5.6986	5.7068	5.7201

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.6973	5.7220	5.7472	5.7719	5.7971	5.8218	5.8470
Camarilla	5.7588	5.7634	5.7679	5.7725	5.7771	5.7817	5.7862
Woodie	5.6977	5.7221	5.7476	5.7720	5.7975	5.8219	5.8474
Fibonacci	5.7220	5.7410	5.7528	5.7719	5.7909	5.8027	5.8218

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.5222	5.6331	5.6925	5.8034	5.8628	5.9737	6.0331
Camarilla	5.7051	5.7207	5.7363	5.7519	5.7675	5.7831	5.7987
Woodie	5.4965	5.6202	5.6668	5.7905	5.8371	5.9608	6.0074
Fibonacci	5.6331	5.6982	5.7384	5.8034	5.8685	5.9087	5.9737

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):	26.86
MACD (12,26,9):	-0.0373
Directional Movement:	-23.8490
AROON (14):	-92.8571
DEMA (21):	5.7210
Parabolic SAR (0,02-0,02-0,2):	5.7541
Elder Ray (13):	-0.0708
Super Trend (3,10):	5.7761
Zig ZAG (10):	5.6750
VORTEX (21):	0.7838
Stochastique (14,3,5):	4.23
TEMA (21):	5.6875
Williams %R (14):	-93.14
Chande Momentum Oscillator (20):	-0.1167
Repulse (5,40,3):	-0.8571
ROCnROLL:	2
TRIX (15,9):	-0.0605
Courbe Coppock:	3.94

MA7:	5.7225
MA20:	5.7807
MA50:	5.8134
MA100:	5.7956
MAexp7:	5.7121
MAexp20:	5.7630
MAexp50:	5.7926
MAexp100:	5.8166
Price / MA7:	-0.85%
Price / MA20:	-1.85%
Price / MA50:	-2.40%
Price / MA100:	-2.10%
Price / MAexp7:	-0.67%
Price / MAexp20:	-1.55%
Price / MAexp50:	-2.05%
Price / MAexp100:	-2.46%

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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