CAD/HKD - 1H - Technical analysis published on 04/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 5.7927 HKD
My targets
5.8529 HKD (+0.0143)
5.9123 HKD (+0.0737)
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 above the support located at 5.7927 HKD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 5.8529 HKD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 5.9123 HKD as an objective. Crossing it would then enable buyers to target 5.9696 HKD. If the support 5.7927 HKD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.5
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Additional analysis
Quotes
The CAD/HKD rating is 5.8386 HKD. On the day, this instrument lost -0.02% and was traded between 5.8288 HKD and 5.8554 HKD over the period. The price is currently at +0.17% from its lowest and -0.29% from its highest.5.8288
5.8554
5.8386
Here is a more detailed summary of the historical variations registered by CAD/HKD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/HKD in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.7319 | 5.7586 | 5.7927 | 5.8386 | 5.8529 | 5.9123 | 5.9696 |
| Change (%) | -1.83% | -1.37% | -0.79% | - | +0.24% | +1.26% | +2.24% |
| Change | -0.1067 | -0.0800 | -0.0459 | - | +0.0143 | +0.0737 | +0.1310 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7547 | 5.7769 | 5.8084 | 5.8306 | 5.8621 | 5.8843 | 5.9158 |
| Camarilla | 5.8250 | 5.8300 | 5.8349 | 5.8398 | 5.8447 | 5.8497 | 5.8546 |
| Woodie | 5.7593 | 5.7792 | 5.8130 | 5.8329 | 5.8667 | 5.8866 | 5.9204 |
| Fibonacci | 5.7769 | 5.7975 | 5.8101 | 5.8306 | 5.8512 | 5.8638 | 5.8843 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6422 | 5.6767 | 5.7421 | 5.7766 | 5.8420 | 5.8765 | 5.9419 |
| Camarilla | 5.7799 | 5.7891 | 5.7982 | 5.8074 | 5.8166 | 5.8257 | 5.8349 |
| Woodie | 5.6576 | 5.6844 | 5.7575 | 5.7843 | 5.8574 | 5.8842 | 5.9573 |
| Fibonacci | 5.6767 | 5.7149 | 5.7385 | 5.7766 | 5.8148 | 5.8384 | 5.8765 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.5620 | 5.6126 | 5.7100 | 5.7606 | 5.8580 | 5.9086 | 6.0060 |
| Camarilla | 5.7667 | 5.7803 | 5.7938 | 5.8074 | 5.8210 | 5.8345 | 5.8481 |
| Woodie | 5.5854 | 5.6243 | 5.7334 | 5.7723 | 5.8814 | 5.9203 | 6.0294 |
| Fibonacci | 5.6126 | 5.6691 | 5.7041 | 5.7606 | 5.8171 | 5.8521 | 5.9086 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.57 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 2.0312 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 5.8406 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.8514 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 5.8314 | |
| Zig ZAG (10): | 5.8368 | |
| VORTEX (21): | 0.9717 | |
| Stochastique (14,3,5): | 25.19 | |
| TEMA (21): | 5.8357 | |
| Williams %R (14): | -69.92 | |
| Chande Momentum Oscillator (20): | -0.0107 | |
| Repulse (5,40,3): | -0.0006 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0055 | |
| Courbe Coppock: | 0.28 |
| MA7: | 5.7998 | |
| MA20: | 5.7415 | |
| MA50: | 5.7933 | |
| MA100: | 5.7867 | |
| MAexp7: | 5.8369 | |
| MAexp20: | 5.8390 | |
| MAexp50: | 5.8315 | |
| MAexp100: | 5.8152 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | +1.69% | |
| Price / MA50: | +0.78% | |
| Price / MA100: | +0.90% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.40% |
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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