USD/HKD - 1H - Technical analysis published on 09/03/2020 (GMT)
- 168
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 7.7500 HKD
My targets
7.7504 HKD (+0.0002)
7.7506 HKD (+0.0004)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 7.7500 HKD remains possible. It is advisable to trade USD/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 7.7500 HKD. The next bullish objective for buyers is set at 7.7504 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.7506 HKD. If there is any crossing, the next objective would be the resistance located at 7.7636 HKD. PS: if there is a bearish break in the support located at 7.7500 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
5.5
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:
Additional analysis
Quotes
USD/HKD rating 7.7502 HKD. On the day, this instrument gained +0.00% and was traded between 7.7500 HKD and 7.7505 HKD over the period. The price is currently at +0.00% from its lowest and +0.00% from its highest.7.7500
7.7505
7.7502
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this USD/HKD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Grip bottom and hammer
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.7498 | 7.7500 | 7.7501 | 7.7502 | 7.7503 | 7.7504 | 7.7505 |
| Change (%) | -0.01% | +0.00% | +0.00% | - | +0.00% | +0.00% | +0.00% |
| Change | -0.0004 | -0.0002 | -0.0001 | - | +0.0001 | +0.0002 | +0.0003 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7490 | 7.7494 | 7.7497 | 7.7501 | 7.7504 | 7.7508 | 7.7511 |
| Camarilla | 7.7499 | 7.7500 | 7.7500 | 7.7501 | 7.7502 | 7.7502 | 7.7503 |
| Woodie | 7.7491 | 7.7494 | 7.7498 | 7.7501 | 7.7505 | 7.7508 | 7.7512 |
| Fibonacci | 7.7494 | 7.7496 | 7.7498 | 7.7501 | 7.7503 | 7.7505 | 7.7508 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7487 | 7.7491 | 7.7498 | 7.7502 | 7.7509 | 7.7513 | 7.7520 |
| Camarilla | 7.7502 | 7.7503 | 7.7504 | 7.7505 | 7.7506 | 7.7507 | 7.7508 |
| Woodie | 7.7489 | 7.7492 | 7.7500 | 7.7503 | 7.7511 | 7.7514 | 7.7522 |
| Fibonacci | 7.7491 | 7.7495 | 7.7498 | 7.7502 | 7.7506 | 7.7509 | 7.7513 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7474 | 7.7484 | 7.7493 | 7.7503 | 7.7512 | 7.7522 | 7.7531 |
| Camarilla | 7.7496 | 7.7498 | 7.7499 | 7.7501 | 7.7503 | 7.7505 | 7.7506 |
| Woodie | 7.7473 | 7.7484 | 7.7492 | 7.7503 | 7.7511 | 7.7522 | 7.7530 |
| Fibonacci | 7.7484 | 7.7492 | 7.7496 | 7.7503 | 7.7511 | 7.7515 | 7.7522 |
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): | 57.93 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -0.9962 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 7.7503 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7500 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 7.7493 | |
| Zig ZAG (10): | 7.7503 | |
| VORTEX (21): | 1.0263 | |
| Stochastique (14,3,5): | 71.43 | |
| TEMA (21): | 7.7503 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | 0.0007 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0001 | |
| Courbe Coppock: | 0.01 |
| MA7: | 7.7502 | |
| MA20: | 7.7503 | |
| MA50: | 7.7507 | |
| MA100: | 7.7509 | |
| MAexp7: | 7.7503 | |
| MAexp20: | 7.7502 | |
| MAexp50: | 7.7501 | |
| MAexp100: | 7.7501 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | -0.01% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.00% |
Quotes :
2020-09-03 08:02:42
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis USD/HKD - 1H