CAD/HKD - 1H - Technical analysis published on 09/26/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 5.9134 HKD
My targets
5.9217 HKD (+0.11%)
5.9256 HKD (+0.17%)
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 5.9134 HKD. The buyers” bullish objective is set at 5.9217 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.9256 HKD. If there is any crossing, the next objective would be the resistance located at 5.9365 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/HKD price is 5.9153 HKD. The price registered an increase of +0.05% on the session with the lowest point at 5.9094 HKD and the highest point at 5.9182 HKD. The deviation from the price is +0.10% for the low point and -0.05% for the high point.5.9094
5.9182
5.9153
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/HKD:
Technical
Technical analysis of CAD/HKD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.8987 | 5.9092 | 5.9134 | 5.9153 | 5.9217 | 5.9256 | 5.9365 |
| Change (%) | -0.28% | -0.10% | -0.03% | - | +0.11% | +0.17% | +0.36% |
| Change | -0.0166 | -0.0061 | -0.0019 | - | +0.0064 | +0.0103 | +0.0212 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 5.8758 | 5.8873 | 5.8997 | 5.9112 | 5.9236 | 5.9351 | 5.9475 |
| Camarilla | 5.9055 | 5.9077 | 5.9099 | 5.9121 | 5.9143 | 5.9165 | 5.9187 |
| Woodie | 5.8763 | 5.8875 | 5.9002 | 5.9114 | 5.9241 | 5.9353 | 5.9480 |
| Fibonacci | 5.8873 | 5.8964 | 5.9021 | 5.9112 | 5.9203 | 5.9260 | 5.9351 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8458 | 5.8634 | 5.8866 | 5.9042 | 5.9274 | 5.9450 | 5.9682 |
| Camarilla | 5.8987 | 5.9024 | 5.9062 | 5.9099 | 5.9136 | 5.9174 | 5.9211 |
| Woodie | 5.8487 | 5.8648 | 5.8895 | 5.9056 | 5.9303 | 5.9464 | 5.9711 |
| Fibonacci | 5.8634 | 5.8790 | 5.8886 | 5.9042 | 5.9198 | 5.9294 | 5.9450 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7886 | 5.8321 | 5.8618 | 5.9053 | 5.9350 | 5.9785 | 6.0082 |
| Camarilla | 5.8713 | 5.8780 | 5.8847 | 5.8914 | 5.8981 | 5.9048 | 5.9115 |
| Woodie | 5.7816 | 5.8287 | 5.8548 | 5.9019 | 5.9280 | 5.9751 | 6.0012 |
| Fibonacci | 5.8321 | 5.8601 | 5.8774 | 5.9053 | 5.9333 | 5.9506 | 5.9785 |
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): | 58.47 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 3.3556 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 5.9139 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.9098 | |
| Elder Ray (13): | 0.0026 | |
| Super Trend (3,10): | 5.9178 | |
| Zig ZAG (10): | 5.9158 | |
| VORTEX (21): | 1.1203 | |
| Stochastique (14,3,5): | 71.84 | |
| TEMA (21): | 5.9150 | |
| Williams %R (14): | -22.52 | |
| Chande Momentum Oscillator (20): | 0.0080 | |
| Repulse (5,40,3): | 0.0252 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0004 | |
| Courbe Coppock: | 0.22 |
| MA7: | 5.9089 | |
| MA20: | 5.9153 | |
| MA50: | 5.9185 | |
| MA100: | 5.9070 | |
| MAexp7: | 5.9141 | |
| MAexp20: | 5.9128 | |
| MAexp50: | 5.9119 | |
| MAexp100: | 5.9104 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | -0% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | +0.14% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | +0.08% |
This member declared not having a position on this financial instrument or a related financial instrument.
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