NZD/HKD - 1H - Technical analysis published on 04/13/2020 (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 bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 4.6961 HKD
My targets
4.7316 HKD (+0.0080)
4.7787 HKD (+0.0551)
My analysis
NZD/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.6961 HKD. The next resistance located at 4.7316 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.7787 HKD. After this resistance, buyers could then target 4.8960 HKD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.4
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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
NZD/HKD rating 4.7236 HKD. The price has increased by +0.41% since the last closing and was between 4.6980 HKD and 4.7252 HKD. This implies that the price is at +0.54% from its lowest and at -0.03% from its highest.4.6980
4.7252
4.7236
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/HKD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/HKD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 4.6637 | 4.6810 | 4.6961 | 4.7236 | 4.7316 | 4.8960 | 5.0475 |
| Change (%) | -1.27% | -0.90% | -0.58% | - | +0.17% | +3.65% | +6.86% |
| Change | -0.0599 | -0.0426 | -0.0275 | - | +0.0080 | +0.1724 | +0.3239 |
| Level | Minor | Minor | Minor | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6544 | 4.6752 | 4.6899 | 4.7107 | 4.7254 | 4.7462 | 4.7609 |
| Camarilla | 4.6947 | 4.6980 | 4.7013 | 4.7045 | 4.7078 | 4.7110 | 4.7143 |
| Woodie | 4.6513 | 4.6737 | 4.6868 | 4.7092 | 4.7223 | 4.7447 | 4.7578 |
| Fibonacci | 4.6752 | 4.6888 | 4.6972 | 4.7107 | 4.7243 | 4.7327 | 4.7462 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3875 | 4.4618 | 4.5831 | 4.6574 | 4.7787 | 4.8530 | 4.9743 |
| Camarilla | 4.6507 | 4.6686 | 4.6866 | 4.7045 | 4.7224 | 4.7404 | 4.7583 |
| Woodie | 4.4111 | 4.4736 | 4.6067 | 4.6692 | 4.8023 | 4.8648 | 4.9979 |
| Fibonacci | 4.4618 | 4.5365 | 4.5827 | 4.6574 | 4.7321 | 4.7783 | 4.8530 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.4791 | 3.8645 | 4.2377 | 4.6231 | 4.9963 | 5.3817 | 5.7549 |
| Camarilla | 4.4023 | 4.4718 | 4.5414 | 4.6109 | 4.6804 | 4.7500 | 4.8195 |
| Woodie | 3.4730 | 3.8615 | 4.2316 | 4.6201 | 4.9902 | 5.3787 | 5.7488 |
| Fibonacci | 3.8645 | 4.1543 | 4.3333 | 4.6231 | 4.9129 | 5.0919 | 5.3817 |
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): | 58.16 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 6.3683 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 4.7141 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6980 | |
| Elder Ray (13): | 0.0079 | |
| Super Trend (3,10): | 4.6923 | |
| Zig ZAG (10): | 4.7236 | |
| VORTEX (21): | 1.0051 | |
| Stochastique (14,3,5): | 71.16 | |
| TEMA (21): | 4.7131 | |
| Williams %R (14): | -5.51 | |
| Chande Momentum Oscillator (20): | 0.0172 | |
| Repulse (5,40,3): | 0.2311 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0016 | |
| Courbe Coppock: | 0.23 |
| MA7: | 4.6525 | |
| MA20: | 4.5848 | |
| MA50: | 4.7873 | |
| MA100: | 4.9599 | |
| MAexp7: | 4.7143 | |
| MAexp20: | 4.7115 | |
| MAexp50: | 4.7034 | |
| MAexp100: | 4.6832 | |
| Price / MA7: | +1.53% | |
| Price / MA20: | +3.03% | |
| Price / MA50: | -1.33% | |
| Price / MA100: | -4.76% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.86% |
This member declared not having a position on this financial instrument or a related financial instrument.
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