NZD/HKD - 1H - Technical analysis published on 11/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 4.6343 HKD
My targets
4.6601 HKD (+0.0081)
4.6758 HKD (+0.0238)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/HKD as long as the price remains well above 4.6343 HKD. The buyers' bullish objective is set at 4.6601 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.6758 HKD. If there is any crossing, the next objective would be the resistance located at 4.7808 HKD.
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
6.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/HKD rating is 4.6520 HKD. On the day, this instrument gained +0.75% and was between 4.6111 HKD and 4.6560 HKD. This implies that the price is at +0.89% from its lowest and at -0.09% from its highest.4.6111
4.6560
4.6520
Here is a more detailed summary of the historical variations registered by NZD/HKD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/HKD in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
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 | 4.5986 | 4.6343 | 4.6491 | 4.6520 | 4.6601 | 4.6758 | 4.7808 |
| Change (%) | -1.15% | -0.38% | -0.06% | - | +0.17% | +0.51% | +2.77% |
| Change | -0.0534 | -0.0177 | -0.0029 | - | +0.0081 | +0.0238 | +0.1288 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5010 | 4.5488 | 4.5831 | 4.6309 | 4.6652 | 4.7130 | 4.7473 |
| Camarilla | 4.5948 | 4.6024 | 4.6099 | 4.6174 | 4.6249 | 4.6325 | 4.6400 |
| Woodie | 4.4943 | 4.5454 | 4.5764 | 4.6275 | 4.6585 | 4.7096 | 4.7406 |
| Fibonacci | 4.5488 | 4.5802 | 4.5995 | 4.6309 | 4.6623 | 4.6816 | 4.7130 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5650 | 4.5912 | 4.6125 | 4.6387 | 4.6600 | 4.6862 | 4.7075 |
| Camarilla | 4.6207 | 4.6251 | 4.6295 | 4.6338 | 4.6382 | 4.6425 | 4.6469 |
| Woodie | 4.5626 | 4.5900 | 4.6101 | 4.6375 | 4.6576 | 4.6850 | 4.7051 |
| Fibonacci | 4.5912 | 4.6094 | 4.6206 | 4.6387 | 4.6569 | 4.6681 | 4.6862 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2113 | 4.4144 | 4.5281 | 4.7312 | 4.8449 | 5.0480 | 5.1617 |
| Camarilla | 4.5548 | 4.5838 | 4.6129 | 4.6419 | 4.6709 | 4.7000 | 4.7290 |
| Woodie | 4.1667 | 4.3921 | 4.4835 | 4.7089 | 4.8003 | 5.0257 | 5.1171 |
| Fibonacci | 4.4144 | 4.5354 | 4.6102 | 4.7312 | 4.8522 | 4.9270 | 5.0480 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.23 | |
| MACD (12,26,9): | 0.0034 | |
| Directional Movement: | 12.7975 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 4.6364 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6183 | |
| Elder Ray (13): | 0.0146 | |
| Super Trend (3,10): | 4.6211 | |
| Zig ZAG (10): | 4.6514 | |
| VORTEX (21): | 1.0855 | |
| Stochastique (14,3,5): | 90.27 | |
| TEMA (21): | 4.6443 | |
| Williams %R (14): | -10.47 | |
| Chande Momentum Oscillator (20): | 0.0206 | |
| Repulse (5,40,3): | 0.1947 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0057 | |
| Courbe Coppock: | 0.78 |
| MA7: | 4.6432 | |
| MA20: | 4.6729 | |
| MA50: | 4.7703 | |
| MA100: | 4.7499 | |
| MAexp7: | 4.6437 | |
| MAexp20: | 4.6344 | |
| MAexp50: | 4.6369 | |
| MAexp100: | 4.6414 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -2.48% | |
| Price / MA100: | -2.06% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.23% |
Quotes :
-
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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