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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 07/06/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 5.8984 HKD
My targets
5.8706 HKD (-0.0165)
5.8392 HKD (-0.0479)
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 5.8984 HKD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 5.8706 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 5.8392 HKD as an objective. Crossing it would then enable sellers to target 5.7416 HKD. If the resistance 5.8984 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.

Londinia
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 5.8871 HKD. The price has increased by +0.00% since the last closing and was traded between 5.8736 HKD and 5.8891 HKD over the period. The price is currently at +0.23% from its lowest and -0.03% from its highest.

5.8736
5.8891
5.8871

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

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 bearish. 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 scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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 bullish reversal

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.8392 5.8706 5.8858 5.8871 5.8984 5.9117 5.9203
Change (%) -0.81% -0.28% -0.02% - +0.19% +0.42% +0.56%
Change -0.0479 -0.0165 -0.0013 - +0.0113 +0.0246 +0.0332
Level Minor Intermediate Intermediate - Intermediate Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.83555.86055.87395.89895.91235.93735.9507
Camarilla5.87665.88025.88375.88725.89075.89425.8978
Woodie5.82965.85765.86805.89605.90645.93445.9448
Fibonacci5.86055.87525.88435.89895.91365.92275.9373


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.81475.85655.88785.92965.96096.00276.0340
Camarilla5.89915.90585.91255.91925.92595.93265.9393
Woodie5.80965.85395.88275.92705.95586.00016.0289
Fibonacci5.85655.88445.90165.92965.95755.97476.0027


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.59275.67895.79905.88526.00536.09156.2116
Camarilla5.86255.88145.90035.91925.93815.95705.9759
Woodie5.60985.68745.81615.89376.02246.10006.2287
Fibonacci5.67895.75775.80645.88525.96406.01276.0915

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): 47.44
MACD (12,26,9): -0.0055
Directional Movement: -4.6318
AROON (14): -78.5714
DEMA (21): 5.8785
Parabolic SAR (0,02-0,02-0,2): 5.8736
Elder Ray (13): 0.0003
Super Trend (3,10): 5.8943
Zig ZAG (10): 5.8880
VORTEX (21): 0.9067
Stochastique (14,3,5): 48.54
TEMA (21): 5.8785
Williams %R (14): -19.19
Chande Momentum Oscillator (20): 0.0008
Repulse (5,40,3): 0.1741
ROCnROLL: -1
TRIX (15,9): -0.0166
Courbe Coppock: 0.30
MA7: 5.9076
MA20: 5.9128
MA50: 5.8495
MA100: 5.8139
MAexp7: 5.8823
MAexp20: 5.8866
MAexp50: 5.8966
MAexp100: 5.9051
Price / MA7: -0.35%
Price / MA20: -0.43%
Price / MA50: +0.64%
Price / MA100: +1.26%
Price / MAexp7: +0.08%
Price / MAexp20: +0.01%
Price / MAexp50: -0.16%
Price / MAexp100: -0.30%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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