USD/HKD - 1H - Technical analysis published on 09/07/2022 (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
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 7.8470 HKD
My targets
7.8507 HKD (+0.0011)
7.8520 HKD (+0.0024)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/HKD. As long as you are above the support located at 7.8470 HKD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 7.8507 HKD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 7.8520 HKD as an objective. Crossing it would then enable buyers to target 7.8544 HKD. If the support 7.8470 HKD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/HKD rating is 7.8496 HKD. The price has increased by +0.00% since the last closing with the lowest point at 7.8493 HKD and the highest point at 7.8498 HKD. The deviation from the price is +0.00% for the low point and +0.00% for the high point.7.8493
7.8498
7.8496
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/HKD indicates that the overall trend is bullish. 75.00% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 3 are bullish, 10 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 7.8460 | 7.8470 | 7.8493 | 7.8496 | 7.8500 |
| Change (%) | -0.05% | -0.03% | +0.00% | - | +0.01% |
| Change | -0.0036 | -0.0026 | -0.0003 | - | +0.0004 |
| Level | Minor | Intermediate | Major | - | 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 | 7.8474 | 7.8480 | 7.8488 | 7.8494 | 7.8502 | 7.8508 | 7.8516 |
| Camarilla | 7.8493 | 7.8494 | 7.8496 | 7.8497 | 7.8498 | 7.8500 | 7.8501 |
| Woodie | 7.8476 | 7.8481 | 7.8490 | 7.8495 | 7.8504 | 7.8509 | 7.8518 |
| Fibonacci | 7.8480 | 7.8485 | 7.8488 | 7.8494 | 7.8499 | 7.8502 | 7.8508 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8433 | 7.8446 | 7.8470 | 7.8483 | 7.8507 | 7.8520 | 7.8544 |
| Camarilla | 7.8483 | 7.8486 | 7.8490 | 7.8493 | 7.8496 | 7.8500 | 7.8503 |
| Woodie | 7.8438 | 7.8449 | 7.8475 | 7.8486 | 7.8512 | 7.8523 | 7.8549 |
| Fibonacci | 7.8446 | 7.8461 | 7.8469 | 7.8483 | 7.8498 | 7.8506 | 7.8520 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8113 | 7.8195 | 7.8339 | 7.8421 | 7.8565 | 7.8647 | 7.8791 |
| Camarilla | 7.8422 | 7.8443 | 7.8463 | 7.8484 | 7.8505 | 7.8525 | 7.8546 |
| Woodie | 7.8145 | 7.8211 | 7.8371 | 7.8437 | 7.8597 | 7.8663 | 7.8823 |
| Fibonacci | 7.8195 | 7.8281 | 7.8334 | 7.8421 | 7.8507 | 7.8560 | 7.8647 |
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): | 53.07 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -2.0145 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 7.8498 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.8499 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 7.8486 | |
| Zig ZAG (10): | 7.8496 | |
| VORTEX (21): | 1.0769 | |
| Stochastique (14,3,5): | 57.14 | |
| TEMA (21): | 7.8497 | |
| Williams %R (14): | -57.14 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0021 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.00 |
| MA7: | 7.8490 | |
| MA20: | 7.8457 | |
| MA50: | 7.8476 | |
| MA100: | 7.8479 | |
| MAexp7: | 7.8496 | |
| MAexp20: | 7.8496 | |
| MAexp50: | 7.8493 | |
| MAexp100: | 7.8490 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | +0.02% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.01% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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