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 07/25/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 7.8074 HKD
My targets
7.7987 HKD (-0.0054)
7.7891 HKD (-0.0150)
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 7.8074 HKD. The next support located at 7.7987 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 7.7891 HKD. Below this support, sellers could then target 7.7674 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.

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
7.9

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 chookich. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/HKD price is 7.8041 HKD. The price is lower by -0.06% since the last closing and was traded between 7.8031 HKD and 7.8092 HKD over the period. The price is currently at +0.01% from its lowest and -0.07% from its highest.

7.8031
7.8092
7.8041

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/HKD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 (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. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

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 this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.7891 7.7987 7.8035 7.8041 7.8051 7.8074 7.8088
Change (%) -0.19% -0.07% -0.01% - +0.01% +0.04% +0.06%
Change -0.0150 -0.0054 -0.0006 - +0.0010 +0.0033 +0.0047
Level Major Intermediate Minor - Major Minor Major



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
Standard7.80567.80657.80787.80877.81007.81097.8122
Camarilla7.80857.80877.80897.80917.80937.80957.8097
Woodie7.80587.80667.80807.80887.81027.81107.8124
Fibonacci7.80657.80737.80797.80877.80957.81017.8109


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.79707.80027.80527.80847.81347.81667.8216
Camarilla7.80797.80867.80947.81017.81097.81167.8124
Woodie7.79787.80077.80607.80897.81427.81717.8224
Fibonacci7.80027.80347.80537.80847.81167.81357.8166


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.77897.79037.79947.81087.81997.83137.8404
Camarilla7.80297.80477.80667.80857.81047.81237.8141
Woodie7.77787.78977.79837.81027.81887.83077.8393
Fibonacci7.79037.79817.80307.81087.81867.82357.8313

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 29.15
MACD (12,26,9): -0.0011
Directional Movement: -23.0156
AROON (14): -57.1429
DEMA (21): 7.8050
Parabolic SAR (0,02-0,02-0,2): 7.8055
Elder Ray (13): -0.0016
Super Trend (3,10): 7.8072
Zig ZAG (10): 7.8041
VORTEX (21): 0.7723
Stochastique (14,3,5): 19.67
TEMA (21): 7.8041
Williams %R (14): -83.61
Chande Momentum Oscillator (20): -0.0041
Repulse (5,40,3): -0.0096
ROCnROLL: 2
TRIX (15,9): -0.0015
Courbe Coppock: 0.10
MA7: 7.8080
MA20: 7.8092
MA50: 7.8095
MA100: 7.8167
MAexp7: 7.8048
MAexp20: 7.8063
MAexp50: 7.8073
MAexp100: 7.8078
Price / MA7: -0.05%
Price / MA20: -0.07%
Price / MA50: -0.07%
Price / MA100: -0.16%
Price / MAexp7: -0.01%
Price / MAexp20: -0.03%
Price / MAexp50: -0.04%
Price / MAexp100: -0.05%

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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