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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 12/10/2023 (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
33%
28%
39%
My opinion
Bearish under 5.7644 HKD
My targets
5.7425 HKD (-0.0067)
5.7323 HKD (-0.0169)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 5.7644 HKD remains possible. It is advisable to trade CAD/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 5.7644 HKD. The next bearish objective for sellers is set at 5.7425 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.7323 HKD. In case of crossing, the next objective would be the support located at 5.7144 HKD. PS: if there is a bullish break in the resistance located at 5.7644 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.7

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 5.7492 HKD. The price registered a decrease of -0.01% on the session with the lowest point at 5.7467 HKD and the highest point at 5.7515 HKD. The deviation from the price is +0.04% for the low point and -0.04% for the high point.

5.7467
5.7515
5.7492

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAD/HKD:
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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/HKD indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

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 5.7144 5.7323 5.7425 5.7492 5.7515 5.7644 5.7826
Change (%) -0.61% -0.29% -0.12% - +0.04% +0.26% +0.58%
Change -0.0348 -0.0169 -0.0067 - +0.0023 +0.0152 +0.0334
Level Minor Intermediate Major - Major Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.71185.72525.73745.75085.76305.77645.7886
Camarilla5.74265.74495.74735.74965.75205.75435.7566
Woodie5.71125.72495.73685.75055.76245.77615.7880
Fibonacci5.72525.73505.74105.75085.76065.76665.7764


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.66685.70235.72605.76155.78525.82075.8444
Camarilla5.73335.73885.74425.74965.75505.76055.7659
Woodie5.66085.69945.72005.75865.77925.81785.8384
Fibonacci5.70235.72505.73895.76155.78425.79815.8207


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.53805.58345.67225.71765.80645.85185.9406
Camarilla5.72415.73645.74875.76105.77335.78565.7979
Woodie5.55975.59435.69395.72855.82815.86275.9623
Fibonacci5.58345.63475.66635.71765.76895.80055.8518

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): 51.70
MACD (12,26,9): -0.0002
Directional Movement: 3.4175
AROON (14): -14.2857
DEMA (21): 5.7488
Parabolic SAR (0,02-0,02-0,2): 5.7608
Elder Ray (13): -0.0001
Super Trend (3,10): 5.7563
Zig ZAG (10): 5.7501
VORTEX (21): 0.9487
Stochastique (14,3,5): 41.93
TEMA (21): 5.7488
Williams %R (14): -54.69
Chande Momentum Oscillator (20): -0.0029
Repulse (5,40,3): 0.0651
ROCnROLL: -1
TRIX (15,9): -0.0002
Courbe Coppock: 0.11
MA7: 5.7581
MA20: 5.7253
MA50: 5.7087
MA100: 5.7562
MAexp7: 5.7491
MAexp20: 5.7490
MAexp50: 5.7499
MAexp100: 5.7521
Price / MA7: -0.15%
Price / MA20: +0.42%
Price / MA50: +0.71%
Price / MA100: -0.12%
Price / MAexp7: +0.00%
Price / MAexp20: +0.00%
Price / MAexp50: -0.01%
Price / MAexp100: -0.05%

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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Londinia
Londinia AI

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