USD/HKD - 1H - Technical analysis published on 12/29/2022 (GMT)
- 158
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 7.8027 HKD
My targets
7.7854 HKD (-0.0091)
7.7758 HKD (-0.0187)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on USD/HKD as long as the price remains well below 7.8027 HKD. The next bearish objective for sellers is set at 7.7854 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.7758 HKD. In case of crossing, the next objective would be the support located at 7.7674 HKD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
3.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/HKD rating 7.7945 HKD. On the day, this instrument gained +0.00% with the lowest point at 7.7882 HKD and the highest point at 7.7947 HKD. The deviation from the price is +0.08% for the low point and +0.00% for the high point.7.7882
7.7947
7.7945
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of USD/HKD in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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 | 7.7815 | 7.7854 | 7.7916 | 7.7945 | 7.7984 | 7.8027 | 7.8088 |
| Change (%) | -0.17% | -0.12% | -0.04% | - | +0.05% | +0.11% | +0.18% |
| Change | -0.0130 | -0.0091 | -0.0029 | - | +0.0039 | +0.0082 | +0.0143 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7712 | 7.7786 | 7.7867 | 7.7941 | 7.8022 | 7.8096 | 7.8177 |
| Camarilla | 7.7904 | 7.7919 | 7.7933 | 7.7947 | 7.7961 | 7.7975 | 7.7990 |
| Woodie | 7.7715 | 7.7788 | 7.7870 | 7.7943 | 7.8025 | 7.8098 | 7.8180 |
| Fibonacci | 7.7786 | 7.7846 | 7.7882 | 7.7941 | 7.8001 | 7.8037 | 7.8096 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7541 | 7.7649 | 7.7851 | 7.7959 | 7.8161 | 7.8269 | 7.8471 |
| Camarilla | 7.7967 | 7.7995 | 7.8024 | 7.8052 | 7.8080 | 7.8109 | 7.8137 |
| Woodie | 7.7587 | 7.7673 | 7.7897 | 7.7983 | 7.8207 | 7.8293 | 7.8517 |
| Fibonacci | 7.7649 | 7.7768 | 7.7841 | 7.7959 | 7.8078 | 7.8151 | 7.8269 |
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): | 35.12 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -14.7838 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 7.8018 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.8039 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 7.8047 | |
| Zig ZAG (10): | 7.8007 | |
| VORTEX (21): | 0.7789 | |
| Stochastique (14,3,5): | 8.14 | |
| TEMA (21): | 7.8005 | |
| Williams %R (14): | -92.31 | |
| Chande Momentum Oscillator (20): | -0.0055 | |
| Repulse (5,40,3): | -0.0030 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0014 | |
| Courbe Coppock: | 0.12 |
| MA7: | 7.7959 | |
| MA20: | 7.7868 | |
| MA50: | 7.8165 | |
| MA100: | 7.8322 | |
| MAexp7: | 7.8016 | |
| MAexp20: | 7.8028 | |
| MAexp50: | 7.8029 | |
| MAexp100: | 7.7997 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | -0.28% | |
| Price / MA100: | -0.48% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.07% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis USD/HKD - 1H