CAD/HKD - 1H - Technical analysis published on 12/30/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
6%
56%
My opinion
Bullish above 5.9411 HKD
My targets
5.9696 HKD (+0.0122)
6.0055 HKD (+0.0481)
My analysis
The bullish trend is currently very strong on CAD/HKD. As long as the price remains above the support at 5.9411 HKD, you could try to benefit from the boom. The first bullish objective is located at 5.9696 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.0055 HKD as an objective. Crossing it would then enable buyers to target 6.1127 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.1
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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 5.9574 HKD. On the day, this instrument gained +0.10% and was traded between 5.9515 HKD and 5.9623 HKD over the period. The price is currently at +0.10% from its lowest and -0.08% from its highest.5.9515
5.9623
5.9574
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/HKD indicates that the overall trend is strongly bullish. 92.86% 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 scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel 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 | 5.9254 | 5.9339 | 5.9411 | 5.9574 | 5.9696 | 6.0055 | 6.1127 |
| Change (%) | -0.54% | -0.39% | -0.27% | - | +0.20% | +0.81% | +2.61% |
| Change | -0.0320 | -0.0235 | -0.0163 | - | +0.0122 | +0.0481 | +0.1553 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 5.9127 | 5.9244 | 5.9380 | 5.9497 | 5.9633 | 5.9750 | 5.9886 |
| Camarilla | 5.9447 | 5.9471 | 5.9494 | 5.9517 | 5.9540 | 5.9563 | 5.9587 |
| Woodie | 5.9138 | 5.9249 | 5.9391 | 5.9502 | 5.9644 | 5.9755 | 5.9897 |
| Fibonacci | 5.9244 | 5.9340 | 5.9400 | 5.9497 | 5.9593 | 5.9653 | 5.9750 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.8672 | 5.8880 | 5.9198 | 5.9406 | 5.9724 | 5.9932 | 6.0250 |
| Camarilla | 5.9372 | 5.9421 | 5.9469 | 5.9517 | 5.9565 | 5.9613 | 5.9662 |
| Woodie | 5.8728 | 5.8908 | 5.9254 | 5.9434 | 5.9780 | 5.9960 | 6.0306 |
| Fibonacci | 5.8880 | 5.9081 | 5.9205 | 5.9406 | 5.9607 | 5.9731 | 5.9932 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.83 | |
| MACD (12,26,9): | 0.0036 | |
| Directional Movement: | 2.6654 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 5.9604 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.9526 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 5.9483 | |
| Zig ZAG (10): | 5.9578 | |
| VORTEX (21): | 1.0524 | |
| Stochastique (14,3,5): | 55.82 | |
| TEMA (21): | 5.9593 | |
| Williams %R (14): | -35.71 | |
| Chande Momentum Oscillator (20): | 0.0028 | |
| Repulse (5,40,3): | 0.0221 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0110 | |
| Courbe Coppock: | 0.12 |
| MA7: | 5.9339 | |
| MA20: | 5.9269 | |
| MA50: | 5.9297 | |
| MA100: | 5.9221 | |
| MAexp7: | 5.9573 | |
| MAexp20: | 5.9551 | |
| MAexp50: | 5.9467 | |
| MAexp100: | 5.9388 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | +0.47% | |
| Price / MA100: | +0.60% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.31% |
This member declared not having a position on this financial instrument or a related financial instrument.
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