USD/HKD
USD HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDHKD
ISIN:

USD/HKD - 1H - Technical analysis published on 11/01/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 7.8246 HKD
My targets
7.8181 HKD (-0.0039)
7.8088 HKD (-0.0132)
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 7.8246 HKD. The next bearish objective for sellers is set at 7.8181 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.8088 HKD. In case of crossing, the next objective would be the support located at 7.7942 HKD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
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 Flowryan. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/HKD rating 7.8220 HKD. The price registered a decrease of -0.03% on the session with the lowest point at 7.8217 HKD and the highest point at 7.8256 HKD. The deviation from the price is +0.00% for the low point and -0.05% for the high point.

7.8217
7.8256
7.8220

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/HKD chart shows a 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 several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.8166 7.8181 7.8209 7.8220 7.8227 7.8246 7.8256
Change (%) -0.07% -0.05% -0.01% - +0.01% +0.03% +0.05%
Change -0.0054 -0.0039 -0.0011 - +0.0007 +0.0026 +0.0036
Level Intermediate Minor Intermediate - Intermediate Minor Intermediate



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
Standard7.81537.81757.82117.82337.82697.82917.8327
Camarilla7.82307.82357.82417.82467.82517.82577.8262
Woodie7.81597.81797.82177.82377.82757.82957.8333
Fibonacci7.81757.81987.82117.82337.82567.82697.8291


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.80887.81357.81747.82217.82607.83077.8346
Camarilla7.81907.81987.82067.82147.82227.82307.8238
Woodie7.80857.81337.81717.82197.82577.83057.8343
Fibonacci7.81357.81687.81887.82217.82547.82747.8307


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.79697.80637.81557.82497.83417.84357.8527
Camarilla7.81957.82127.82297.82467.82637.82807.8297
Woodie7.79677.80637.81537.82497.83397.84357.8525
Fibonacci7.80637.81347.81787.82497.83207.83647.8435

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): 39.72
MACD (12,26,9): -0.0002
Directional Movement: -7.6211
AROON (14): 42.8571
DEMA (21): 7.8233
Parabolic SAR (0,02-0,02-0,2): 7.8239
Elder Ray (13): -0.0006
Super Trend (3,10): 7.8255
Zig ZAG (10): 7.8222
VORTEX (21): 0.9252
Stochastique (14,3,5): 47.15
TEMA (21): 7.8229
Williams %R (14): -84.62
Chande Momentum Oscillator (20): -0.0016
Repulse (5,40,3): -0.0227
ROCnROLL: 2
TRIX (15,9): -0.0002
Courbe Coppock: 0.01
MA7: 7.8221
MA20: 7.8238
MA50: 7.8288
MA100: 7.8247
MAexp7: 7.8231
MAexp20: 7.8235
MAexp50: 7.8233
MAexp100: 7.8230
Price / MA7: +0.00%
Price / MA20: -0.02%
Price / MA50: -0.09%
Price / MA100: -0.03%
Price / MAexp7: -0.01%
Price / MAexp20: -0.02%
Price / MAexp50: -0.02%
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.

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