USD/HKD - 1H - Technical analysis published on 01/21/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
De fond:
Strongly bearish
Technical indicators
44%
6%
50%
My opinion
Bearish under 7.7528 HKD
My targets
7.7505 HKD (-0.0011)
My analysis
The basic trend is very bearish on USD/HKD but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on USD/HKD. As long as you stay below the resistance 7.7528 HKD, sellers” retain the upper hand. A break in the support at 7.7505 HKD would be a signal that the basic trend will reverse. If the price were to depress the resistance 7.7528 HKD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.4
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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
The USD/HKD rating is 7.7516 HKD. The price registered an increase of +0.00% on the session with the lowest point at 7.7514 HKD and the highest point at 7.7520 HKD. The deviation from the price is +0.00% for the low point and -0.01% for the high point.7.7514
7.7520
7.7516
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI 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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.7499 | 7.7505 | 7.7511 | 7.7516 | 7.7522 | 7.7528 | 7.7543 |
| Change (%) | -0.02% | -0.01% | -0.01% | - | +0.01% | +0.02% | +0.03% |
| Change | -0.0017 | -0.0011 | -0.0005 | - | +0.0006 | +0.0012 | +0.0027 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Intermediate |
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 | 7.7496 | 7.7504 | 7.7509 | 7.7517 | 7.7522 | 7.7530 | 7.7535 |
| Camarilla | 7.7511 | 7.7513 | 7.7514 | 7.7515 | 7.7516 | 7.7517 | 7.7519 |
| Woodie | 7.7496 | 7.7503 | 7.7509 | 7.7516 | 7.7522 | 7.7529 | 7.7535 |
| Fibonacci | 7.7504 | 7.7509 | 7.7512 | 7.7517 | 7.7522 | 7.7525 | 7.7530 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7480 | 7.7504 | 7.7521 | 7.7545 | 7.7562 | 7.7586 | 7.7603 |
| Camarilla | 7.7528 | 7.7532 | 7.7535 | 7.7539 | 7.7543 | 7.7547 | 7.7550 |
| Woodie | 7.7478 | 7.7502 | 7.7519 | 7.7543 | 7.7560 | 7.7584 | 7.7601 |
| Fibonacci | 7.7504 | 7.7519 | 7.7529 | 7.7545 | 7.7560 | 7.7570 | 7.7586 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7438 | 7.7469 | 7.7498 | 7.7529 | 7.7558 | 7.7589 | 7.7618 |
| Camarilla | 7.7510 | 7.7515 | 7.7521 | 7.7526 | 7.7532 | 7.7537 | 7.7543 |
| Woodie | 7.7436 | 7.7469 | 7.7496 | 7.7529 | 7.7556 | 7.7589 | 7.7616 |
| Fibonacci | 7.7469 | 7.7492 | 7.7506 | 7.7529 | 7.7552 | 7.7566 | 7.7589 |
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): | 48.30 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 0.3585 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 7.7516 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7514 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 7.7526 | |
| Zig ZAG (10): | 7.7516 | |
| VORTEX (21): | 1.0241 | |
| Stochastique (14,3,5): | 57.14 | |
| TEMA (21): | 7.7518 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | 0.0034 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0001 | |
| Courbe Coppock: | 0.00 |
| MA7: | 7.7527 | |
| MA20: | 7.7533 | |
| MA50: | 7.7525 | |
| MA100: | 7.7516 | |
| MAexp7: | 7.7517 | |
| MAexp20: | 7.7517 | |
| MAexp50: | 7.7520 | |
| MAexp100: | 7.7524 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | -0% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.01% |
Quotes :
2021-01-21 08:03:14
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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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