CAD/HKD - 1H - Technical analysis published on 11/05/2019 (GMT)
- 236
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Neutral
Technical indicators
56%
0%
44%
My opinion
Bullish above 5.9653 HKD
My targets
5.9713 HKD (+0.08%)
5.9894 HKD (+0.38%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CAD/HKD as long as the price remains well above 5.9653 HKD. The buyers” bullish objective is set at 5.9713 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.9894 HKD. If there is any crossing, the next objective would be the resistance located at 6.0057 HKD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.6
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/HKD rating is 5.9666 HKD. The price registered an increase of +0.13% on the session and was traded between 5.9539 HKD and 5.9691 HKD over the period. The price is currently at +0.21% from its lowest and -0.04% from its highest.5.9539
5.9691
5.9666
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of CAD/HKD indicates that the overall trend is not clearly defined. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.9486 | 5.9559 | 5.9653 | 5.9666 | 5.9713 | 5.9894 | 6.0057 |
| Change (%) | -0.30% | -0.18% | -0.02% | - | +0.08% | +0.38% | +0.66% |
| Change | -0.0180 | -0.0107 | -0.0013 | - | +0.0047 | +0.0228 | +0.0391 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | 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 | 5.9522 | 5.9570 | 5.9600 | 5.9648 | 5.9678 | 5.9726 | 5.9756 |
| Camarilla | 5.9610 | 5.9617 | 5.9624 | 5.9631 | 5.9638 | 5.9645 | 5.9653 |
| Woodie | 5.9514 | 5.9566 | 5.9592 | 5.9644 | 5.9670 | 5.9722 | 5.9748 |
| Fibonacci | 5.9570 | 5.9600 | 5.9618 | 5.9648 | 5.9678 | 5.9696 | 5.9726 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8526 | 5.8940 | 5.9288 | 5.9702 | 6.0050 | 6.0464 | 6.0812 |
| Camarilla | 5.9427 | 5.9497 | 5.9567 | 5.9637 | 5.9707 | 5.9777 | 5.9847 |
| Woodie | 5.8494 | 5.8924 | 5.9256 | 5.9686 | 6.0018 | 6.0448 | 6.0780 |
| Fibonacci | 5.8940 | 5.9231 | 5.9411 | 5.9702 | 5.9993 | 6.0173 | 6.0464 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7440 | 5.8095 | 5.8805 | 5.9460 | 6.0170 | 6.0825 | 6.1535 |
| Camarilla | 5.9140 | 5.9265 | 5.9390 | 5.9515 | 5.9640 | 5.9765 | 5.9890 |
| Woodie | 5.7468 | 5.8109 | 5.8833 | 5.9474 | 6.0198 | 6.0839 | 6.1563 |
| Fibonacci | 5.8095 | 5.8616 | 5.8939 | 5.9460 | 5.9981 | 6.0304 | 6.0825 |
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): | 57.06 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 3.2412 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 5.9669 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.9565 | |
| Elder Ray (13): | 0.0015 | |
| Super Trend (3,10): | 5.9558 | |
| Zig ZAG (10): | 5.9670 | |
| VORTEX (21): | 1.2037 | |
| Stochastique (14,3,5): | 54.76 | |
| TEMA (21): | 5.9684 | |
| Williams %R (14): | -29.49 | |
| Chande Momentum Oscillator (20): | 0.0039 | |
| Repulse (5,40,3): | 0.0434 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0060 | |
| Courbe Coppock: | 0.14 |
| MA7: | 5.9706 | |
| MA20: | 5.9629 | |
| MA50: | 5.9312 | |
| MA100: | 5.9348 | |
| MAexp7: | 5.9663 | |
| MAexp20: | 5.9640 | |
| MAexp50: | 5.9628 | |
| MAexp100: | 5.9681 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +0.06% | |
| Price / MA50: | +0.60% | |
| Price / MA100: | +0.54% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.06% | |
| Price / MAexp100: | -0.03% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CAD/HKD - 1H