CAD/HKD - 1H - Technical analysis published on 11/21/2019 (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 bearish
De fond:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 5.8841 HKD
My targets
5.8717 HKD (-0.08%)
5.8570 HKD (-0.33%)
My analysis
CAD/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.8841 HKD. The next support located at 5.8717 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.8570 HKD. Below this support, sellers could then target 5.8127 HKD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.3
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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
CAD/HKD rating 5.8765 HKD. The price registered a decrease of -0.11% on the session and was between 5.8747 HKD and 5.8833 HKD. This implies that the price is at +0.03% from its lowest and at -0.12% from its highest.5.8747
5.8833
5.8765
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/HKD:
Technical
Technical analysis of this 1H chart of CAD/HKD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.8127 | 5.8570 | 5.8717 | 5.8765 | 5.8841 | 5.8999 | 5.9069 |
| Change (%) | -1.09% | -0.33% | -0.08% | - | +0.13% | +0.40% | +0.52% |
| Change | -0.0638 | -0.0195 | -0.0048 | - | +0.0076 | +0.0234 | +0.0304 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 5.8420 | 5.8569 | 5.8699 | 5.8848 | 5.8978 | 5.9127 | 5.9257 |
| Camarilla | 5.8753 | 5.8779 | 5.8804 | 5.8830 | 5.8856 | 5.8881 | 5.8907 |
| Woodie | 5.8412 | 5.8564 | 5.8691 | 5.8843 | 5.8970 | 5.9122 | 5.9249 |
| Fibonacci | 5.8569 | 5.8675 | 5.8741 | 5.8848 | 5.8954 | 5.9020 | 5.9127 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8791 | 5.8895 | 5.9042 | 5.9146 | 5.9293 | 5.9397 | 5.9544 |
| Camarilla | 5.9120 | 5.9143 | 5.9166 | 5.9189 | 5.9212 | 5.9235 | 5.9258 |
| Woodie | 5.8813 | 5.8906 | 5.9064 | 5.9157 | 5.9315 | 5.9408 | 5.9566 |
| Fibonacci | 5.8895 | 5.8991 | 5.9050 | 5.9146 | 5.9242 | 5.9301 | 5.9397 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.95 | |
| MACD (12,26,9): | -0.0039 | |
| Directional Movement: | -14.4015 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 5.8760 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.8842 | |
| Elder Ray (13): | -0.0030 | |
| Super Trend (3,10): | 5.8916 | |
| Zig ZAG (10): | 5.8770 | |
| VORTEX (21): | 0.9874 | |
| Stochastique (14,3,5): | 53.92 | |
| TEMA (21): | 5.8781 | |
| Williams %R (14): | -73.26 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | -0.0598 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0120 | |
| Courbe Coppock: | 0.04 |
| MA7: | 5.9031 | |
| MA20: | 5.9361 | |
| MA50: | 5.9289 | |
| MA100: | 5.9309 | |
| MAexp7: | 5.8794 | |
| MAexp20: | 5.8820 | |
| MAexp50: | 5.8918 | |
| MAexp100: | 5.9011 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | -1.00% | |
| Price / MA50: | -0.88% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.42% |
This member declared not having a position on this financial instrument or a related financial instrument.
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