USD/HKD - 1H - Technical analysis published on 11/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 7.8295 HKD
My targets
7.8088 HKD (-0.0142)
7.7991 HKD (-0.0239)
My analysis
USD/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.8295 HKD. The next support located at 7.8088 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 7.7991 HKD. Below this support, sellers could then target 7.7853 HKD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/HKD rating 7.8230 HKD. On the day, this instrument lost -0.05% and was traded between 7.8216 HKD and 7.8284 HKD over the period. The price is currently at +0.02% from its lowest and -0.07% from its highest.7.8216
7.8284
7.8230
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of USD/HKD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.7991 | 7.8088 | 7.8185 | 7.8230 | 7.8234 | 7.8295 | 7.8342 |
| Change (%) | -0.31% | -0.18% | -0.06% | - | +0.01% | +0.08% | +0.14% |
| Change | -0.0239 | -0.0142 | -0.0045 | - | +0.0004 | +0.0065 | +0.0112 |
| Level | Minor | Intermediate | Major | - | Intermediate | 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 | 7.8148 | 7.8185 | 7.8225 | 7.8262 | 7.8302 | 7.8339 | 7.8379 |
| Camarilla | 7.8245 | 7.8252 | 7.8259 | 7.8266 | 7.8273 | 7.8280 | 7.8287 |
| Woodie | 7.8151 | 7.8186 | 7.8228 | 7.8263 | 7.8305 | 7.8340 | 7.8382 |
| Fibonacci | 7.8185 | 7.8214 | 7.8232 | 7.8262 | 7.8291 | 7.8309 | 7.8339 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8150 | 7.8246 | 7.8309 | 7.8405 | 7.8468 | 7.8564 | 7.8627 |
| Camarilla | 7.8329 | 7.8344 | 7.8358 | 7.8373 | 7.8388 | 7.8402 | 7.8417 |
| Woodie | 7.8135 | 7.8238 | 7.8294 | 7.8397 | 7.8453 | 7.8556 | 7.8612 |
| Fibonacci | 7.8246 | 7.8306 | 7.8344 | 7.8405 | 7.8465 | 7.8503 | 7.8564 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8444 | 7.8456 | 7.8477 | 7.8489 | 7.8510 | 7.8522 | 7.8543 |
| Camarilla | 7.8488 | 7.8491 | 7.8494 | 7.8497 | 7.8500 | 7.8503 | 7.8506 |
| Woodie | 7.8448 | 7.8458 | 7.8481 | 7.8491 | 7.8514 | 7.8524 | 7.8547 |
| Fibonacci | 7.8456 | 7.8469 | 7.8477 | 7.8489 | 7.8502 | 7.8510 | 7.8522 |
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): | 42.20 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -5.1854 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 7.8228 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.8263 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 7.8265 | |
| Zig ZAG (10): | 7.8231 | |
| VORTEX (21): | 0.9103 | |
| Stochastique (14,3,5): | 28.17 | |
| TEMA (21): | 7.8222 | |
| Williams %R (14): | -69.77 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0023 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0014 | |
| Courbe Coppock: | 0.07 |
| MA7: | 7.8305 | |
| MA20: | 7.8428 | |
| MA50: | 7.8468 | |
| MA100: | 7.8473 | |
| MAexp7: | 7.8230 | |
| MAexp20: | 7.8238 | |
| MAexp50: | 7.8250 | |
| MAexp100: | 7.8277 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | -0.30% | |
| Price / MA100: | -0.31% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.06% |
Quotes :
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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.
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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