USD/HKD - 1H - Technical analysis published on 12/22/2022 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 7.7884 HKD
My targets
7.7984 HKD (+0.0044)
7.8088 HKD (+0.0148)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/HKD as long as the price remains well above 7.7884 HKD. The buyers' bullish objective is set at 7.7984 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.8088 HKD. If there is any crossing, the next objective would be the resistance located at 7.8193 HKD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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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 price is 7.7940 HKD. The price is lower by -0.02% since the last closing and was traded between 7.7876 HKD and 7.7964 HKD over the period. The price is currently at +0.08% from its lowest and -0.03% from its highest.7.7876
7.7964
7.7940
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
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
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of USD/HKD indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 7.7854 | 7.7884 | 7.7916 | 7.7940 | 7.7950 | 7.7984 | 7.8088 |
| Change (%) | -0.11% | -0.07% | -0.03% | - | +0.01% | +0.06% | +0.19% |
| Change | -0.0086 | -0.0056 | -0.0024 | - | +0.0010 | +0.0044 | +0.0148 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7786 | 7.7831 | 7.7893 | 7.7938 | 7.8000 | 7.8045 | 7.8107 |
| Camarilla | 7.7925 | 7.7934 | 7.7944 | 7.7954 | 7.7964 | 7.7974 | 7.7983 |
| Woodie | 7.7794 | 7.7835 | 7.7901 | 7.7942 | 7.8008 | 7.8049 | 7.8115 |
| Fibonacci | 7.7831 | 7.7872 | 7.7898 | 7.7938 | 7.7979 | 7.8005 | 7.8045 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7444 | 7.7542 | 7.7689 | 7.7787 | 7.7934 | 7.8032 | 7.8179 |
| Camarilla | 7.7770 | 7.7792 | 7.7815 | 7.7837 | 7.7860 | 7.7882 | 7.7904 |
| Woodie | 7.7470 | 7.7554 | 7.7715 | 7.7799 | 7.7960 | 7.8044 | 7.8205 |
| Fibonacci | 7.7542 | 7.7635 | 7.7693 | 7.7787 | 7.7880 | 7.7938 | 7.8032 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7327 | 7.7651 | 7.7851 | 7.8175 | 7.8375 | 7.8699 | 7.8899 |
| Camarilla | 7.7906 | 7.7954 | 7.8002 | 7.8050 | 7.8098 | 7.8146 | 7.8194 |
| Woodie | 7.7264 | 7.7620 | 7.7788 | 7.8144 | 7.8312 | 7.8668 | 7.8836 |
| Fibonacci | 7.7651 | 7.7852 | 7.7975 | 7.8175 | 7.8376 | 7.8499 | 7.8699 |
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): | 53.68 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 1.6036 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 7.7937 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7877 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 7.7984 | |
| Zig ZAG (10): | 7.7938 | |
| VORTEX (21): | 1.0455 | |
| Stochastique (14,3,5): | 54.32 | |
| TEMA (21): | 7.7926 | |
| Williams %R (14): | -42.59 | |
| Chande Momentum Oscillator (20): | -0.0032 | |
| Repulse (5,40,3): | 0.0008 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0010 | |
| Courbe Coppock: | 0.07 |
| MA7: | 7.7847 | |
| MA20: | 7.7879 | |
| MA50: | 7.8192 | |
| MA100: | 7.8336 | |
| MAexp7: | 7.7930 | |
| MAexp20: | 7.7930 | |
| MAexp50: | 7.7908 | |
| MAexp100: | 7.7876 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | -0.32% | |
| Price / MA100: | -0.51% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.08% |
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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