USD/HKD
USD HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDHKD
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USD/HKD - 1H - Technical analysis published on 07/17/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 7.8192 HKD
My targets
7.8088 HKD (-0.0050)
7.7947 HKD (-0.0191)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/HKD as long as the price remains well below 7.8192 HKD. The next bearish objective for sellers is set at 7.8088 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.7947 HKD. If there is any crossing, the next objective would be the support located at 7.7851 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 over sold items that could be a sign of a short-term correction.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.1

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:
Daily Weekly

Additional analysis

Quotes

USD/HKD rating 7.8138 HKD. The price registered a decrease of -0.01% on the session and was between 7.8093 HKD and 7.8151 HKD. This implies that the price is at +0.06% from its lowest and at -0.02% from its highest.

7.8093
7.8151
7.8138

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of USD/HKD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 9 are bullish, 5 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.7947 7.8088 7.8134 7.8138 7.8166 7.8192 7.8258
Change (%) -0.24% -0.06% -0.01% - +0.04% +0.07% +0.15%
Change -0.0191 -0.0050 -0.0004 - +0.0028 +0.0054 +0.0120
Level Minor Intermediate Intermediate - Intermediate Minor Minor



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
Standard7.80307.80817.81157.81667.82007.82517.8285
Camarilla7.81267.81337.81417.81497.81577.81657.8172
Woodie7.80227.80777.81077.81627.81927.82477.8277
Fibonacci7.80817.81147.81347.81667.81997.82197.8251


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.78997.80167.80827.81997.82657.83827.8448
Camarilla7.80997.81167.81327.81497.81667.81837.8199
Woodie7.78757.80037.80587.81867.82417.83697.8424
Fibonacci7.80167.80867.81297.81997.82697.83127.8382


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.78687.79987.81817.83117.84947.86247.8807
Camarilla7.82787.83077.83357.83647.83937.84217.8450
Woodie7.78957.80117.82087.83247.85217.86377.8834
Fibonacci7.79987.81187.81917.83117.84317.85047.8624

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): 45.62
MACD (12,26,9): -0.0015
Directional Movement: -14.8051
AROON (14): -42.8572
DEMA (21): 7.8118
Parabolic SAR (0,02-0,02-0,2): 7.8094
Elder Ray (13): -0.0004
Super Trend (3,10): 7.8152
Zig ZAG (10): 7.8137
VORTEX (21): 0.8611
Stochastique (14,3,5): 51.32
TEMA (21): 7.8119
Williams %R (14): -28.57
Chande Momentum Oscillator (20): -0.0004
Repulse (5,40,3): 0.0317
ROCnROLL: -1
TRIX (15,9): -0.0030
Courbe Coppock: 0.05
MA7: 7.8223
MA20: 7.8274
MA50: 7.8306
MA100: 7.8397
MAexp7: 7.8127
MAexp20: 7.8139
MAexp50: 7.8171
MAexp100: 7.8204
Price / MA7: -0.11%
Price / MA20: -0.17%
Price / MA50: -0.21%
Price / MA100: -0.33%
Price / MAexp7: +0.01%
Price / MAexp20: +0.00%
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.

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