USD/HKD - 1H - Technical analysis published on 12/22/2020 (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:
Bullish
De fond:
Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 7.7516 HKD
My targets
7.7539 HKD (+0.0010)
7.7578 HKD (+0.0049)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on USD/HKD as long as the price remains well above 7.7516 HKD. The buyers” bullish objective is set at 7.7539 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.7578 HKD. If there is any crossing, the next objective would be the resistance located at 7.7674 HKD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
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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
USD/HKD rating 7.7529 HKD. On the day, this instrument gained +0.00% and was traded between 7.7524 HKD and 7.7535 HKD over the period. The price is currently at +0.01% from its lowest and -0.01% from its highest.7.7524
7.7535
7.7529
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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. 78.57% 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. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
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 Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.7511 | 7.7516 | 7.7522 | 7.7529 | 7.7530 | 7.7539 | 7.7547 |
| Change (%) | -0.02% | -0.02% | -0.01% | - | +0.00% | +0.01% | +0.02% |
| Change | -0.0018 | -0.0013 | -0.0007 | - | +0.0001 | +0.0010 | +0.0018 |
| Level | Minor | Intermediate | Minor | - | Minor | 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 | 7.7494 | 7.7506 | 7.7517 | 7.7529 | 7.7540 | 7.7552 | 7.7563 |
| Camarilla | 7.7522 | 7.7524 | 7.7526 | 7.7528 | 7.7530 | 7.7532 | 7.7534 |
| Woodie | 7.7494 | 7.7506 | 7.7517 | 7.7529 | 7.7540 | 7.7552 | 7.7563 |
| Fibonacci | 7.7506 | 7.7515 | 7.7520 | 7.7529 | 7.7538 | 7.7543 | 7.7552 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7469 | 7.7486 | 7.7504 | 7.7521 | 7.7539 | 7.7556 | 7.7574 |
| Camarilla | 7.7513 | 7.7517 | 7.7520 | 7.7523 | 7.7526 | 7.7529 | 7.7533 |
| Woodie | 7.7471 | 7.7486 | 7.7506 | 7.7521 | 7.7541 | 7.7556 | 7.7576 |
| Fibonacci | 7.7486 | 7.7499 | 7.7507 | 7.7521 | 7.7534 | 7.7542 | 7.7556 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7404 | 7.7450 | 7.7482 | 7.7528 | 7.7560 | 7.7606 | 7.7638 |
| Camarilla | 7.7493 | 7.7500 | 7.7507 | 7.7514 | 7.7521 | 7.7528 | 7.7536 |
| Woodie | 7.7397 | 7.7447 | 7.7475 | 7.7525 | 7.7553 | 7.7603 | 7.7631 |
| Fibonacci | 7.7450 | 7.7480 | 7.7498 | 7.7528 | 7.7558 | 7.7576 | 7.7606 |
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): | 51.62 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 0.0220 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 7.7529 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7533 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 7.7521 | |
| Zig ZAG (10): | 7.7528 | |
| VORTEX (21): | 1.0215 | |
| Stochastique (14,3,5): | 42.42 | |
| TEMA (21): | 7.7528 | |
| Williams %R (14): | -63.64 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | 0.0108 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.00 |
| MA7: | 7.7522 | |
| MA20: | 7.7516 | |
| MA50: | 7.7517 | |
| MA100: | 7.7510 | |
| MAexp7: | 7.7528 | |
| MAexp20: | 7.7528 | |
| MAexp50: | 7.7528 | |
| MAexp100: | 7.7526 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +0.02% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.00% |
Quotes :
2020-12-22 15:42:20
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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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