NZD/HKD - 1H - Technical analysis published on 09/02/2020 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 5.2219 HKD
My targets
5.2528 HKD (+0.0092)
5.3184 HKD (+0.0748)
My analysis
The basic bullish trend is very strong on NZD/HKD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 5.2219 HKD. Crossing the first resistance at 5.2528 HKD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 5.3184 HKD as an objective. Crossing it would then enable buyers to target 5.6778 HKD. Caution, a return to below 5.2219 HKD would be a sign of a consolidation phase in the short-term basic trend. 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.
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
7
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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 NZD/HKD price is 5.2436 HKD. The price is lower by -0.02% since the last closing and was traded between 5.2296 HKD and 5.2615 HKD over the period. The price is currently at +0.27% from its lowest and -0.34% from its highest.5.2296
5.2615
5.2436
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/HKD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance 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 | 5.1732 | 5.1921 | 5.2219 | 5.2436 | 5.2528 | 5.3184 | 5.6778 |
| Change (%) | -1.34% | -0.98% | -0.41% | - | +0.18% | +1.43% | +8.28% |
| Change | -0.0704 | -0.0515 | -0.0217 | - | +0.0092 | +0.0748 | +0.4342 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.1866 | 5.2016 | 5.2230 | 5.2380 | 5.2594 | 5.2744 | 5.2958 |
| Camarilla | 5.2344 | 5.2377 | 5.2411 | 5.2444 | 5.2477 | 5.2511 | 5.2544 |
| Woodie | 5.1898 | 5.2032 | 5.2262 | 5.2396 | 5.2626 | 5.2760 | 5.2990 |
| Fibonacci | 5.2016 | 5.2155 | 5.2241 | 5.2380 | 5.2519 | 5.2605 | 5.2744 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9300 | 4.9897 | 5.1075 | 5.1672 | 5.2850 | 5.3447 | 5.4625 |
| Camarilla | 5.1766 | 5.1929 | 5.2091 | 5.2254 | 5.2417 | 5.2579 | 5.2742 |
| Woodie | 4.9592 | 5.0042 | 5.1367 | 5.1817 | 5.3142 | 5.3592 | 5.4917 |
| Fibonacci | 4.9897 | 5.0575 | 5.0994 | 5.1672 | 5.2350 | 5.2769 | 5.3447 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8717 | 4.9504 | 5.0842 | 5.1629 | 5.2967 | 5.3754 | 5.5092 |
| Camarilla | 5.1597 | 5.1791 | 5.1986 | 5.2181 | 5.2376 | 5.2571 | 5.2765 |
| Woodie | 4.8994 | 4.9642 | 5.1119 | 5.1767 | 5.3244 | 5.3892 | 5.5369 |
| Fibonacci | 4.9504 | 5.0315 | 5.0817 | 5.1629 | 5.2440 | 5.2942 | 5.3754 |
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): | 51.47 | |
| MACD (12,26,9): | 0.0044 | |
| Directional Movement: | 6.8883 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 5.2531 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.2321 | |
| Elder Ray (13): | 0.0097 | |
| Super Trend (3,10): | 5.2309 | |
| Zig ZAG (10): | 5.2584 | |
| VORTEX (21): | 1.0677 | |
| Stochastique (14,3,5): | 91.84 | |
| TEMA (21): | 5.2536 | |
| Williams %R (14): | -11.87 | |
| Chande Momentum Oscillator (20): | 0.0294 | |
| Repulse (5,40,3): | 0.0679 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0118 | |
| Courbe Coppock: | 0.46 |
| MA7: | 5.1867 | |
| MA20: | 5.1256 | |
| MA50: | 5.1073 | |
| MA100: | 4.9591 | |
| MAexp7: | 5.2517 | |
| MAexp20: | 5.2444 | |
| MAexp50: | 5.2322 | |
| MAexp100: | 5.2058 | |
| Price / MA7: | +1.10% | |
| Price / MA20: | +2.30% | |
| Price / MA50: | +2.67% | |
| Price / MA100: | +5.74% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.73% |
Quotes :
2020-09-02 07:06:33
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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