CAD/HKD - 1H - Technical analysis published on 05/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 5.7066 HKD
My targets
5.7331 HKD (+0.0137)
5.7458 HKD (+0.0264)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/HKD as long as the price remains well above 5.7066 HKD. The buyers' bullish objective is set at 5.7331 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.7458 HKD. If there is any crossing, the next objective would be the resistance located at 5.7646 HKD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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Additional analysis
Quotes
The CAD/HKD rating is 5.7194 HKD. The price registered an increase of +0.58% on the session and was traded between 5.6838 HKD and 5.7226 HKD over the period. The price is currently at +0.63% from its lowest and -0.06% from its highest.5.6838
5.7226
5.7194
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/HKD:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/HKD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Near horizontal resistance
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 | 5.6786 | 5.7066 | 5.7173 | 5.7194 | 5.7331 | 5.7458 | 5.7646 |
| Change (%) | -0.71% | -0.22% | -0.04% | - | +0.24% | +0.46% | +0.79% |
| Change | -0.0408 | -0.0128 | -0.0021 | - | +0.0137 | +0.0264 | +0.0452 |
| Level | Major | Intermediate | Intermediate | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6378 | 5.6599 | 5.6732 | 5.6953 | 5.7086 | 5.7307 | 5.7440 |
| Camarilla | 5.6769 | 5.6801 | 5.6834 | 5.6866 | 5.6899 | 5.6931 | 5.6963 |
| Woodie | 5.6335 | 5.6577 | 5.6689 | 5.6931 | 5.7043 | 5.7285 | 5.7397 |
| Fibonacci | 5.6599 | 5.6734 | 5.6817 | 5.6953 | 5.7088 | 5.7171 | 5.7307 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6703 | 5.6882 | 5.7101 | 5.7280 | 5.7499 | 5.7678 | 5.7897 |
| Camarilla | 5.7212 | 5.7248 | 5.7285 | 5.7321 | 5.7358 | 5.7394 | 5.7431 |
| Woodie | 5.6724 | 5.6892 | 5.7122 | 5.7290 | 5.7520 | 5.7688 | 5.7918 |
| Fibonacci | 5.6882 | 5.7034 | 5.7128 | 5.7280 | 5.7432 | 5.7526 | 5.7678 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4681 | 5.5622 | 5.6204 | 5.7145 | 5.7727 | 5.8668 | 5.9250 |
| Camarilla | 5.6367 | 5.6507 | 5.6646 | 5.6786 | 5.6926 | 5.7065 | 5.7205 |
| Woodie | 5.4502 | 5.5532 | 5.6025 | 5.7055 | 5.7548 | 5.8578 | 5.9071 |
| Fibonacci | 5.5622 | 5.6204 | 5.6563 | 5.7145 | 5.7727 | 5.8086 | 5.8668 |
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): | 78.62 | |
| MACD (12,26,9): | 0.0043 | |
| Directional Movement: | 27.6207 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 5.7036 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.7009 | |
| Elder Ray (13): | 0.0163 | |
| Super Trend (3,10): | 5.7022 | |
| Zig ZAG (10): | 5.7211 | |
| VORTEX (21): | 1.3563 | |
| Stochastique (14,3,5): | 93.68 | |
| TEMA (21): | 5.7104 | |
| Williams %R (14): | -6.01 | |
| Chande Momentum Oscillator (20): | 0.0336 | |
| Repulse (5,40,3): | 0.2322 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0008 | |
| Courbe Coppock: | 0.73 |
| MA7: | 5.7163 | |
| MA20: | 5.7130 | |
| MA50: | 5.7312 | |
| MA100: | 5.7664 | |
| MAexp7: | 5.7089 | |
| MAexp20: | 5.7003 | |
| MAexp50: | 5.7015 | |
| MAexp100: | 5.7074 | |
| Price / MA7: | +0.05% | |
| Price / MA20: | +0.11% | |
| Price / MA50: | -0.21% | |
| Price / MA100: | -0.82% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.21% |
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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