NZD/HKD - 1H - Technical analysis published on 04/04/2023 (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
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 4.9030 HKD
My targets
4.9706 HKD (+0.0277)
5.0450 HKD (+0.1021)
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 4.9030 HKD. Crossing the first resistance at 4.9706 HKD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 5.0450 HKD as an objective. Crossing it would then enable buyers to target 5.1040 HKD. Caution, a return to below 4.9030 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, 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
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/HKD price is 4.9429 HKD. The price is lower by -0.01% since the last closing with the lowest point at 4.9256 HKD and the highest point at 4.9570 HKD. The deviation from the price is +0.35% for the low point and -0.28% for the high point.4.9256
4.9570
4.9429
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
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 | 4.8555 | 4.8732 | 4.8961 | 4.9429 | 4.9430 | 4.9706 | 5.1040 |
| Change (%) | -1.77% | -1.41% | -0.95% | - | +0.00% | +0.56% | +3.26% |
| Change | -0.0874 | -0.0697 | -0.0468 | - | +0.0001 | +0.0277 | +0.1611 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | 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 | 4.8171 | 4.8452 | 4.8943 | 4.9224 | 4.9715 | 4.9996 | 5.0487 |
| Camarilla | 4.9223 | 4.9294 | 4.9364 | 4.9435 | 4.9506 | 4.9577 | 4.9647 |
| Woodie | 4.8277 | 4.8505 | 4.9049 | 4.9277 | 4.9821 | 5.0049 | 5.0593 |
| Fibonacci | 4.8452 | 4.8747 | 4.8929 | 4.9224 | 4.9519 | 4.9701 | 4.9996 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7720 | 4.8120 | 4.8630 | 4.9030 | 4.9540 | 4.9940 | 5.0450 |
| Camarilla | 4.8890 | 4.8973 | 4.9057 | 4.9140 | 4.9223 | 4.9307 | 4.9390 |
| Woodie | 4.7775 | 4.8148 | 4.8685 | 4.9058 | 4.9595 | 4.9968 | 5.0505 |
| Fibonacci | 4.8120 | 4.8468 | 4.8682 | 4.9030 | 4.9378 | 4.9592 | 4.9940 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6463 | 4.7115 | 4.8127 | 4.8779 | 4.9791 | 5.0443 | 5.1455 |
| Camarilla | 4.8682 | 4.8835 | 4.8988 | 4.9140 | 4.9293 | 4.9445 | 4.9598 |
| Woodie | 4.6644 | 4.7205 | 4.8308 | 4.8869 | 4.9972 | 5.0533 | 5.1636 |
| Fibonacci | 4.7115 | 4.7750 | 4.8143 | 4.8779 | 4.9414 | 4.9807 | 5.0443 |
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): | 56.54 | |
| MACD (12,26,9): | 0.0048 | |
| Directional Movement: | 10.5325 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 4.9483 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9268 | |
| Elder Ray (13): | 0.0059 | |
| Super Trend (3,10): | 4.9210 | |
| Zig ZAG (10): | 4.9468 | |
| VORTEX (21): | 1.0210 | |
| Stochastique (14,3,5): | 69.32 | |
| TEMA (21): | 4.9468 | |
| Williams %R (14): | -32.80 | |
| Chande Momentum Oscillator (20): | 0.0056 | |
| Repulse (5,40,3): | 0.0524 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0174 | |
| Courbe Coppock: | 0.02 |
| MA7: | 4.9117 | |
| MA20: | 4.8788 | |
| MA50: | 4.9193 | |
| MA100: | 4.9272 | |
| MAexp7: | 4.9445 | |
| MAexp20: | 4.9411 | |
| MAexp50: | 4.9304 | |
| MAexp100: | 4.9189 | |
| Price / MA7: | +0.64% | |
| Price / MA20: | +1.31% | |
| Price / MA50: | +0.48% | |
| Price / MA100: | +0.32% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.49% |
Quotes :
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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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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