CAD/HKD - 1H - Technical analysis published on 03/24/2023 (GMT)
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- 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:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 5.7349 HKD
My targets
5.7112 HKD (-0.0100)
5.6994 HKD (-0.0218)
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 5.7349 HKD. The sellers' bearish objective is set at 5.7112 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.6994 HKD. In case of crossing, the next objective would be the support located at 5.6813 HKD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/HKD rating is 5.7212 HKD. On the day, this instrument lost -0.01% and was traded between 5.7145 HKD and 5.7243 HKD over the period. The price is currently at +0.12% from its lowest and -0.05% from its highest.5.7145
5.7243
5.7212
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/HKD indicates that the overall trend is bearish. 78.57% 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 currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
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:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.6994 | 5.7112 | 5.7199 | 5.7212 | 5.7349 | 5.7458 | 5.7587 |
| Change (%) | -0.38% | -0.17% | -0.02% | - | +0.24% | +0.43% | +0.66% |
| Change | -0.0218 | -0.0100 | -0.0013 | - | +0.0137 | +0.0246 | +0.0375 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6637 | 5.6900 | 5.7060 | 5.7323 | 5.7483 | 5.7746 | 5.7906 |
| Camarilla | 5.7103 | 5.7142 | 5.7180 | 5.7219 | 5.7258 | 5.7297 | 5.7335 |
| Woodie | 5.6585 | 5.6874 | 5.7008 | 5.7297 | 5.7431 | 5.7720 | 5.7854 |
| Fibonacci | 5.6900 | 5.7062 | 5.7162 | 5.7323 | 5.7485 | 5.7585 | 5.7746 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6126 | 5.6461 | 5.6810 | 5.7145 | 5.7494 | 5.7829 | 5.8178 |
| Camarilla | 5.6970 | 5.7033 | 5.7095 | 5.7158 | 5.7221 | 5.7283 | 5.7346 |
| Woodie | 5.6132 | 5.6465 | 5.6816 | 5.7149 | 5.7500 | 5.7833 | 5.8184 |
| Fibonacci | 5.6461 | 5.6723 | 5.6884 | 5.7145 | 5.7407 | 5.7568 | 5.7829 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.85 | |
| MACD (12,26,9): | -0.0038 | |
| Directional Movement: | -6.2168 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 5.7215 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.7340 | |
| Elder Ray (13): | -0.0029 | |
| Super Trend (3,10): | 5.7401 | |
| Zig ZAG (10): | 5.7219 | |
| VORTEX (21): | 0.8922 | |
| Stochastique (14,3,5): | 18.51 | |
| TEMA (21): | 5.7175 | |
| Williams %R (14): | -76.64 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | 0.0176 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0066 | |
| Courbe Coppock: | 0.75 |
| MA7: | 5.7226 | |
| MA20: | 5.7283 | |
| MA50: | 5.7984 | |
| MA100: | 5.7912 | |
| MAexp7: | 5.7210 | |
| MAexp20: | 5.7256 | |
| MAexp50: | 5.7280 | |
| MAexp100: | 5.7266 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | -1.33% | |
| Price / MA100: | -1.21% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.09% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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