CAD/HKD - 1H - Technical analysis published on 12/10/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 5.9066 HKD
My targets
5.9295 HKD (+0.0136)
5.9365 HKD (+0.0206)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CAD/HKD as long as the price remains well above 5.9066 HKD. The buyers” bullish objective is set at 5.9295 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.9365 HKD. If there is any crossing, the next objective would be the resistance located at 5.9498 HKD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
4.8
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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 rating is 5.9159 HKD. On the day, this instrument gained +0.04% and was between 5.9067 HKD and 5.9186 HKD. This implies that the price is at +0.16% from its lowest and at -0.05% from its highest.5.9067
5.9186
5.9159
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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
A technical analysis in 1H of this CAD/HKD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.8819 | 5.9002 | 5.9066 | 5.9159 | 5.9203 | 5.9295 | 5.9365 |
| Change (%) | -0.57% | -0.27% | -0.16% | - | +0.07% | +0.23% | +0.35% |
| Change | -0.0340 | -0.0157 | -0.0093 | - | +0.0044 | +0.0136 | +0.0206 |
| Level | Major | Major | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8831 | 5.8918 | 5.9028 | 5.9115 | 5.9225 | 5.9312 | 5.9422 |
| Camarilla | 5.9083 | 5.9101 | 5.9119 | 5.9137 | 5.9155 | 5.9173 | 5.9191 |
| Woodie | 5.8842 | 5.8924 | 5.9039 | 5.9121 | 5.9236 | 5.9318 | 5.9433 |
| Fibonacci | 5.8918 | 5.8994 | 5.9040 | 5.9115 | 5.9191 | 5.9237 | 5.9312 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8005 | 5.8388 | 5.8733 | 5.9116 | 5.9461 | 5.9844 | 6.0189 |
| Camarilla | 5.8879 | 5.8946 | 5.9012 | 5.9079 | 5.9146 | 5.9213 | 5.9279 |
| Woodie | 5.7987 | 5.8379 | 5.8715 | 5.9107 | 5.9443 | 5.9835 | 6.0171 |
| Fibonacci | 5.8388 | 5.8666 | 5.8838 | 5.9116 | 5.9394 | 5.9566 | 5.9844 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7478 | 5.8086 | 5.8525 | 5.9133 | 5.9572 | 6.0180 | 6.0619 |
| Camarilla | 5.8677 | 5.8773 | 5.8869 | 5.8965 | 5.9061 | 5.9157 | 5.9253 |
| Woodie | 5.7395 | 5.8044 | 5.8442 | 5.9091 | 5.9489 | 6.0138 | 6.0536 |
| Fibonacci | 5.8086 | 5.8486 | 5.8733 | 5.9133 | 5.9533 | 5.9780 | 6.0180 |
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): | 53.77 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 4.3688 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 5.9134 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.9170 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 5.9059 | |
| Zig ZAG (10): | 5.9159 | |
| VORTEX (21): | 0.9780 | |
| Stochastique (14,3,5): | 65.27 | |
| TEMA (21): | 5.9141 | |
| Williams %R (14): | -26.89 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | 0.0571 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0009 | |
| Courbe Coppock: | 0.04 |
| MA7: | 5.9125 | |
| MA20: | 5.9034 | |
| MA50: | 5.9273 | |
| MA100: | 5.9218 | |
| MAexp7: | 5.9141 | |
| MAexp20: | 5.9132 | |
| MAexp50: | 5.9142 | |
| MAexp100: | 5.9138 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | -0.19% | |
| Price / MA100: | -0.10% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.04% |
This member declared not having a position on this financial instrument or a related financial instrument.
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