CAD/HKD - 1H - Technical analysis published on 05/17/2023 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Neutral between 5.8072 HKD and 5.8484 HKD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on CAD/HKD. It is difficult to advise a trading direction under these conditions. The first support is located at 5.8072 HKD. The first resistance is located at 5.8484 HKD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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 5.8156 HKD. The price is lower by -0.01% since the last closing with the lowest point at 5.8116 HKD and the highest point at 5.8181 HKD. The deviation from the price is +0.07% for the low point and -0.04% for the high point.5.8116
5.8181
5.8156
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 LOW record (1st january)
Type : Bearish
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 slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 5.7807 | 5.7927 | 5.8072 | 5.8156 | 5.8177 | 5.8484 | 5.8713 |
| Change (%) | -0.60% | -0.39% | -0.14% | - | +0.04% | +0.56% | +0.96% |
| Change | -0.0349 | -0.0229 | -0.0084 | - | +0.0021 | +0.0328 | +0.0557 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7599 | 5.7839 | 5.8000 | 5.8240 | 5.8401 | 5.8641 | 5.8802 |
| Camarilla | 5.8051 | 5.8088 | 5.8124 | 5.8161 | 5.8198 | 5.8235 | 5.8271 |
| Woodie | 5.7560 | 5.7819 | 5.7961 | 5.8220 | 5.8362 | 5.8621 | 5.8763 |
| Fibonacci | 5.7839 | 5.7992 | 5.8087 | 5.8240 | 5.8393 | 5.8488 | 5.8641 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6315 | 5.7062 | 5.7448 | 5.8195 | 5.8581 | 5.9328 | 5.9714 |
| Camarilla | 5.7523 | 5.7627 | 5.7731 | 5.7835 | 5.7939 | 5.8043 | 5.8147 |
| Woodie | 5.6136 | 5.6972 | 5.7269 | 5.8105 | 5.8402 | 5.9238 | 5.9535 |
| Fibonacci | 5.7062 | 5.7495 | 5.7762 | 5.8195 | 5.8628 | 5.8895 | 5.9328 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.5672 | 5.6553 | 5.7252 | 5.8133 | 5.8832 | 5.9713 | 6.0412 |
| Camarilla | 5.7518 | 5.7662 | 5.7807 | 5.7952 | 5.8097 | 5.8242 | 5.8387 |
| Woodie | 5.5582 | 5.6508 | 5.7162 | 5.8088 | 5.8742 | 5.9668 | 6.0322 |
| Fibonacci | 5.6553 | 5.7156 | 5.7529 | 5.8133 | 5.8736 | 5.9109 | 5.9713 |
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): | 42.79 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -3.0622 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 5.8187 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.8301 | |
| Elder Ray (13): | -0.0029 | |
| Super Trend (3,10): | 5.8318 | |
| Zig ZAG (10): | 5.8121 | |
| VORTEX (21): | 0.9651 | |
| Stochastique (14,3,5): | 8.04 | |
| TEMA (21): | 5.8156 | |
| Williams %R (14): | -98.63 | |
| Chande Momentum Oscillator (20): | -0.0236 | |
| Repulse (5,40,3): | -0.0966 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0035 | |
| Courbe Coppock: | 0.29 |
| MA7: | 5.8226 | |
| MA20: | 5.8060 | |
| MA50: | 5.7903 | |
| MA100: | 5.8035 | |
| MAexp7: | 5.8160 | |
| MAexp20: | 5.8183 | |
| MAexp50: | 5.8167 | |
| MAexp100: | 5.8180 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | +0.44% | |
| Price / MA100: | +0.21% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.04% |
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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