USD/HKD - 1H - Technical analysis published on 08/04/2020 (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:
Bearish
De fond:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 7.7506 HKD
My targets
7.7493 HKD (-0.0007)
7.7484 HKD (-0.0016)
My analysis
There is a bearish trend on USD/HKD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 7.7506 HKD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 7.7493 HKD. Then the price could move towards 7.7484 HKD. Then 7.7470 HKD by extension. Be careful, a return to above the resistance 7.7506 HKD would be a sign of a weakening of the trend and a possible rebound 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 is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.3
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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 USD/HKD price is 7.7500 HKD. On the day, this instrument lost -0.01% and was traded between 7.7497 HKD and 7.7505 HKD over the period. The price is currently at +0.00% from its lowest and -0.01% from its highest.7.7497
7.7505
7.7500
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/HKD in 1H shows an overall bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 7.7497 | 7.7500 | 7.7500 | 7.7506 | 7.7512 |
| Change (%) | +0.00% | 0% | - | +0.01% | +0.02% |
| Change | -0.0003 | 0 | - | +0.0006 | +0.0012 |
| Level | Intermediate | Major | - | Major | Minor |
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 | 7.7490 | 7.7493 | 7.7499 | 7.7502 | 7.7508 | 7.7511 | 7.7517 |
| Camarilla | 7.7502 | 7.7502 | 7.7503 | 7.7504 | 7.7505 | 7.7506 | 7.7507 |
| Woodie | 7.7491 | 7.7494 | 7.7500 | 7.7503 | 7.7509 | 7.7512 | 7.7518 |
| Fibonacci | 7.7493 | 7.7497 | 7.7499 | 7.7502 | 7.7506 | 7.7508 | 7.7511 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7470 | 7.7484 | 7.7493 | 7.7507 | 7.7516 | 7.7530 | 7.7539 |
| Camarilla | 7.7497 | 7.7499 | 7.7501 | 7.7503 | 7.7505 | 7.7507 | 7.7509 |
| Woodie | 7.7469 | 7.7483 | 7.7492 | 7.7506 | 7.7515 | 7.7529 | 7.7538 |
| Fibonacci | 7.7484 | 7.7493 | 7.7498 | 7.7507 | 7.7515 | 7.7521 | 7.7530 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7433 | 7.7465 | 7.7484 | 7.7516 | 7.7535 | 7.7567 | 7.7586 |
| Camarilla | 7.7489 | 7.7494 | 7.7498 | 7.7503 | 7.7508 | 7.7512 | 7.7517 |
| Woodie | 7.7427 | 7.7462 | 7.7478 | 7.7513 | 7.7529 | 7.7564 | 7.7580 |
| Fibonacci | 7.7465 | 7.7485 | 7.7497 | 7.7516 | 7.7536 | 7.7548 | 7.7567 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.52 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -10.0114 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 7.7502 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7504 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 7.7509 | |
| Zig ZAG (10): | 7.7500 | |
| VORTEX (21): | 0.9733 | |
| Stochastique (14,3,5): | 33.33 | |
| TEMA (21): | 7.7501 | |
| Williams %R (14): | -77.78 | |
| Chande Momentum Oscillator (20): | -0.0005 | |
| Repulse (5,40,3): | 0.0003 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.01 |
| MA7: | 7.7504 | |
| MA20: | 7.7512 | |
| MA50: | 7.7508 | |
| MA100: | 7.7517 | |
| MAexp7: | 7.7501 | |
| MAexp20: | 7.7502 | |
| MAexp50: | 7.7502 | |
| MAexp100: | 7.7503 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.00% |
Quotes :
2020-08-04 06:48:05
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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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