USD/HKD - 1H - Technical analysis published on 01/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 7.7674 HKD
My targets
7.7770 HKD (+0.0041)
7.7794 HKD (+0.0065)
My analysis
USD/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.7674 HKD. The next resistance located at 7.7770 HKD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.7794 HKD. After this resistance, buyers could then target 7.7855 HKD.
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
6.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/HKD price is 7.7729 HKD. The price is lower by +0.05% since the last closing with the lowest point at 7.7693 HKD and the highest point at 7.7748 HKD. The deviation from the price is +0.05% for the low point and -0.02% for the high point.7.7693
7.7748
7.7729
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of USD/HKD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
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 | 7.7674 | 7.7699 | 7.7713 | 7.7729 | 7.7734 | 7.7747 | 7.7770 |
| Change (%) | -0.07% | -0.04% | -0.02% | - | +0.01% | +0.02% | +0.05% |
| Change | -0.0055 | -0.0030 | -0.0016 | - | +0.0005 | +0.0018 | +0.0041 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7630 | 7.7645 | 7.7669 | 7.7684 | 7.7708 | 7.7723 | 7.7747 |
| Camarilla | 7.7683 | 7.7687 | 7.7690 | 7.7694 | 7.7698 | 7.7701 | 7.7705 |
| Woodie | 7.7636 | 7.7647 | 7.7675 | 7.7686 | 7.7714 | 7.7725 | 7.7753 |
| Fibonacci | 7.7645 | 7.7660 | 7.7669 | 7.7684 | 7.7699 | 7.7708 | 7.7723 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7487 | 7.7571 | 7.7625 | 7.7709 | 7.7763 | 7.7847 | 7.7901 |
| Camarilla | 7.7640 | 7.7653 | 7.7665 | 7.7678 | 7.7691 | 7.7703 | 7.7716 |
| Woodie | 7.7471 | 7.7564 | 7.7609 | 7.7702 | 7.7747 | 7.7840 | 7.7885 |
| Fibonacci | 7.7571 | 7.7624 | 7.7657 | 7.7709 | 7.7762 | 7.7795 | 7.7847 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7233 | 7.7529 | 7.7717 | 7.8013 | 7.8201 | 7.8497 | 7.8685 |
| Camarilla | 7.7771 | 7.7815 | 7.7860 | 7.7904 | 7.7948 | 7.7993 | 7.8037 |
| Woodie | 7.7178 | 7.7502 | 7.7662 | 7.7986 | 7.8146 | 7.8470 | 7.8630 |
| Fibonacci | 7.7529 | 7.7714 | 7.7828 | 7.8013 | 7.8198 | 7.8312 | 7.8497 |
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): | 65.40 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 9.9672 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 7.7722 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7709 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 7.7688 | |
| Zig ZAG (10): | 7.7725 | |
| VORTEX (21): | 1.1429 | |
| Stochastique (14,3,5): | 66.15 | |
| TEMA (21): | 7.7731 | |
| Williams %R (14): | -36.67 | |
| Chande Momentum Oscillator (20): | 0.0033 | |
| Repulse (5,40,3): | -0.0037 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0015 | |
| Courbe Coppock: | 0.09 |
| MA7: | 7.7719 | |
| MA20: | 7.7783 | |
| MA50: | 7.8013 | |
| MA100: | 7.8193 | |
| MAexp7: | 7.7723 | |
| MAexp20: | 7.7709 | |
| MAexp50: | 7.7702 | |
| MAexp100: | 7.7705 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | -0.36% | |
| Price / MA100: | -0.59% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.03% |
This member declared not having a position on this financial instrument or a related financial instrument.
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