CAD/HKD - 1H - Technical analysis published on 03/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 5.4486 HKD
My targets
5.5378 HKD (+0.0600)
5.5545 HKD (+0.0767)
My analysis
The strong short-term increase for CAD/HKD reinforces the current slightly bullish trend. As long as the price remains above 5.4486 HKD, you could take advantage of this bullish acceleration. The first bullish objective is located at 5.5378 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.5545 HKD as an objective. Crossing it would then enable buyers to target 5.6762 HKD. A return to 5.4486 HKD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
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
5.5
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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 5.4778 HKD. The price is lower by +2.34% since the last closing and was between 5.3421 HKD and 5.4788 HKD. This implies that the price is at +2.54% from its lowest and at -0.02% from its highest.5.3421
5.4788
5.4778
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:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/HKD chart shows a slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5.3039 | 5.3603 | 5.4778 | 5.4801 | 5.5545 | 5.6762 |
| Change (%) | -3.17% | -2.15% | - | +0.04% | +1.40% | +3.62% |
| Change | -0.1739 | -0.1175 | - | +0.0023 | +0.0767 | +0.1984 |
| Level | Intermediate | Major | - | Minor | Minor | 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 | 5.2182 | 5.2566 | 5.3046 | 5.3430 | 5.3910 | 5.4294 | 5.4774 |
| Camarilla | 5.3287 | 5.3367 | 5.3446 | 5.3525 | 5.3604 | 5.3683 | 5.3763 |
| Woodie | 5.2229 | 5.2590 | 5.3093 | 5.3454 | 5.3957 | 5.4318 | 5.4821 |
| Fibonacci | 5.2566 | 5.2896 | 5.3100 | 5.3430 | 5.3760 | 5.3964 | 5.4294 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3427 | 5.4486 | 5.5378 | 5.6437 | 5.7329 | 5.8388 | 5.9280 |
| Camarilla | 5.5734 | 5.5912 | 5.6091 | 5.6270 | 5.6449 | 5.6628 | 5.6807 |
| Woodie | 5.3344 | 5.4444 | 5.5295 | 5.6395 | 5.7246 | 5.8346 | 5.9197 |
| Fibonacci | 5.4486 | 5.5231 | 5.5692 | 5.6437 | 5.7182 | 5.7643 | 5.8388 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6589 | 5.7237 | 5.7694 | 5.8342 | 5.8799 | 5.9447 | 5.9904 |
| Camarilla | 5.7846 | 5.7947 | 5.8049 | 5.8150 | 5.8251 | 5.8353 | 5.8454 |
| Woodie | 5.6493 | 5.7189 | 5.7598 | 5.8294 | 5.8703 | 5.9399 | 5.9808 |
| Fibonacci | 5.7237 | 5.7659 | 5.7920 | 5.8342 | 5.8764 | 5.9025 | 5.9447 |
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): | 71.41 | |
| MACD (12,26,9): | 0.0190 | |
| Directional Movement: | 23.9874 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 5.4061 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.3691 | |
| Elder Ray (13): | 0.0547 | |
| Super Trend (3,10): | 5.3840 | |
| Zig ZAG (10): | 5.4589 | |
| VORTEX (21): | 1.2644 | |
| Stochastique (14,3,5): | 96.24 | |
| TEMA (21): | 5.4331 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.1149 | |
| Repulse (5,40,3): | 1.2606 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0217 | |
| Courbe Coppock: | 2.24 |
| MA7: | 5.4828 | |
| MA20: | 5.6807 | |
| MA50: | 5.8060 | |
| MA100: | 5.8677 | |
| MAexp7: | 5.4212 | |
| MAexp20: | 5.3871 | |
| MAexp50: | 5.3903 | |
| MAexp100: | 5.4374 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -3.57% | |
| Price / MA50: | -5.65% | |
| Price / MA100: | -6.64% | |
| Price / MAexp7: | +1.04% | |
| Price / MAexp20: | +1.68% | |
| Price / MAexp50: | +1.62% | |
| Price / MAexp100: | +0.74% |
This member declared not having a position on this financial instrument or a related financial instrument.
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