CAD/HKD - 1H - Technical analysis published on 12/29/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 5.9110 HKD
My targets
5.8838 HKD (-0.0182)
5.8386 HKD (-0.0634)
My analysis
In the short term, we can see an acceleration in the bearish trend on CAD/HKD, which is a positive signal for sellers. As long as the price remains above 5.9110 HKD, a sale could be considered. The first bearish objective is located at 5.8838 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.8386 HKD as an objective. Crossing it would then enable sellers to target 5.8175 HKD. If the price were to return above 5.9110 HKD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/HKD rating 5.9020 HKD. The price is lower by -0.04% since the last closing with the lowest point at 5.8881 HKD and the highest point at 5.9255 HKD. The deviation from the price is +0.24% for the low point and -0.40% for the high point.5.8881
5.9255
5.9020
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
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. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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 | 5.8175 | 5.8386 | 5.8838 | 5.9020 | 5.9110 | 5.9277 | 5.9683 |
| Change (%) | -1.43% | -1.07% | -0.31% | - | +0.15% | +0.44% | +1.12% |
| Change | -0.0845 | -0.0634 | -0.0182 | - | +0.0090 | +0.0257 | +0.0663 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Major |
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 | 5.8707 | 5.8870 | 5.8956 | 5.9119 | 5.9205 | 5.9368 | 5.9454 |
| Camarilla | 5.8974 | 5.8996 | 5.9019 | 5.9042 | 5.9065 | 5.9088 | 5.9111 |
| Woodie | 5.8669 | 5.8851 | 5.8918 | 5.9100 | 5.9167 | 5.9349 | 5.9416 |
| Fibonacci | 5.8870 | 5.8965 | 5.9024 | 5.9119 | 5.9214 | 5.9273 | 5.9368 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8611 | 5.8689 | 5.8767 | 5.8845 | 5.8923 | 5.9001 | 5.9079 |
| Camarilla | 5.8801 | 5.8815 | 5.8830 | 5.8844 | 5.8858 | 5.8873 | 5.8887 |
| Woodie | 5.8610 | 5.8689 | 5.8766 | 5.8845 | 5.8922 | 5.9001 | 5.9078 |
| Fibonacci | 5.8689 | 5.8749 | 5.8786 | 5.8845 | 5.8905 | 5.8942 | 5.9001 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.5380 | 5.5834 | 5.6722 | 5.7176 | 5.8064 | 5.8518 | 5.9406 |
| Camarilla | 5.7241 | 5.7364 | 5.7487 | 5.7610 | 5.7733 | 5.7856 | 5.7979 |
| Woodie | 5.5597 | 5.5943 | 5.6939 | 5.7285 | 5.8281 | 5.8627 | 5.9623 |
| Fibonacci | 5.5834 | 5.6347 | 5.6663 | 5.7176 | 5.7689 | 5.8005 | 5.8518 |
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): | 45.07 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -5.8503 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 5.9028 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.8950 | |
| Elder Ray (13): | -0.0047 | |
| Super Trend (3,10): | 5.8946 | |
| Zig ZAG (10): | 5.9006 | |
| VORTEX (21): | 0.9598 | |
| Stochastique (14,3,5): | 34.05 | |
| TEMA (21): | 5.9035 | |
| Williams %R (14): | -65.24 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | -0.0469 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0053 | |
| Courbe Coppock: | 0.02 |
| MA7: | 5.9002 | |
| MA20: | 5.8309 | |
| MA50: | 5.7487 | |
| MA100: | 5.7564 | |
| MAexp7: | 5.9045 | |
| MAexp20: | 5.9050 | |
| MAexp50: | 5.9074 | |
| MAexp100: | 5.9037 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +1.22% | |
| Price / MA50: | +2.67% | |
| Price / MA100: | +2.53% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.03% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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