USD/HKD
USD HKD
- HKD (-)
- Real time data - Forex
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Type: Forex
Ticker: USDHKD
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USD/HKD - 1H - Technical analysis published on 06/18/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 7.7495 HKD
My targets
7.7539 HKD (+0.0037)
7.7773 HKD (+0.0271)
My analysis
A bullish trend on USD/HKD both in substance and in the short term. A purchase could be considered as long as the price remains above 7.7495 HKD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 7.7539 HKD. Then the price could move towards 7.7773 HKD. Then 7.7855 HKD by extension. Be careful, a return below 7.7495 HKD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

The USD/HKD rating is 7.7502 HKD. The price registered an increase of +0.00% on the session and was between 7.7498 HKD and 7.7505 HKD. This implies that the price is at +0.01% from its lowest and at +0.00% from its highest.

7.7498
7.7505
7.7502

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/HKD:

Technical


Technical analysis of USD/HKD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S1
R1
R2
R3
Price


S1PriceR1R2R3
ProTrendLines 7.7500 7.7502 7.7509 7.7539 7.7773
Change (%) +0.00% - +0.01% +0.05% +0.35%
Change -0.0002 - +0.0007 +0.0037 +0.0271
Level Major - Major Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.74927.74957.74987.75017.75047.75077.7510
Camarilla7.75007.75017.75017.75027.75037.75037.7504
Woodie7.74937.74957.74997.75017.75057.75077.7511
Fibonacci7.74957.74977.74987.75017.75037.75047.7507


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.74827.74897.74957.75027.75087.75157.7521
Camarilla7.74977.74997.75007.75017.75027.75037.7505
Woodie7.74827.74897.74957.75027.75087.75157.7521
Fibonacci7.74897.74947.74977.75027.75077.75107.7515


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.73837.74367.74747.75277.75657.76187.7656
Camarilla7.74877.74957.75047.75127.75207.75297.7537
Woodie7.73767.74327.74677.75237.75587.76147.7649
Fibonacci7.74367.74717.74927.75277.75627.75837.7618

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): 53.40
MACD (12,26,9): 0.0000
Directional Movement: 2.9677
AROON (14): 35.7143
DEMA (21): 7.7502
Parabolic SAR (0,02-0,02-0,2): 7.7505
Elder Ray (13): -0.0001
Super Trend (3,10): 7.7495
Zig ZAG (10): 7.7502
VORTEX (21): 1.0000
Stochastique (14,3,5): 58.33
TEMA (21): 7.7501
Williams %R (14): -50.00
Chande Momentum Oscillator (20): 0.0001
Repulse (5,40,3): 0.0042
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.00
MA7: 7.7503
MA20: 7.7514
MA50: 7.7514
MA100: 7.7591
MAexp7: 7.7501
MAexp20: 7.7501
MAexp50: 7.7501
MAexp100: 7.7501
Price / MA7: +0.00%
Price / MA20: -0.02%
Price / MA50: -0.02%
Price / MA100: -0.11%
Price / MAexp7: +0.00%
Price / MAexp20: +0.00%
Price / MAexp50: +0.00%
Price / MAexp100: +0.00%

Quotes : 2020-06-18 07:40:34 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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