Londinia Opportunities Analyses - 06/18/2021 (GMT) USD/HKD - 1H

- HKD (-)
- Real time data - Forex
Type: Forex
Ticker: USDHKD
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 7.7625 HKD
My targets
7.7674 HKD (+0.0029)
7.7851 HKD (+0.0206)
My analysis
The basic bullish trend is very strong on USD/HKD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 7.7625 HKD. Crossing the first resistance at 7.7674 HKD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 7.7851 HKD as an objective. Crossing it would then enable buyers to target 7.8088 HKD. Caution, a return to below 7.7625 HKD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
7.5

Analysis too old. There are no more charts available.

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Additional analysis

Quotes

The USD/HKD price is 7.7645 HKD. The price registered an increase of +0.00% on the session and was between 7.7631 HKD and 7.7649 HKD. This implies that the price is at +0.02% from its lowest and at -0.01% from its highest.

7.7631
7.7649
7.7645

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:

Technical


A technical analysis in 1H of this USD/HKD chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the 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



In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.7619 7.7625 7.7635 7.7645 7.7655 7.7674 7.7851
Change (%) -0.03% -0.03% -0.01% - +0.01% +0.04% +0.27%
Change -0.0026 -0.0020 -0.0010 - +0.0010 +0.0029 +0.0206
Level Minor Minor Intermediate - Intermediate Major 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
Standard7.75997.76127.76287.76417.76577.76707.7686
Camarilla7.76357.76387.76407.76437.76467.76487.7651
Woodie7.76007.76137.76297.76427.76587.76717.7687
Fibonacci7.76127.76237.76307.76417.76527.76597.7670


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.75037.75277.75707.75947.76377.76617.7704
Camarilla7.75947.76007.76067.76127.76187.76247.7630
Woodie7.75127.75327.75797.75997.76467.76667.7713
Fibonacci7.75277.75537.75697.75947.76207.76367.7661


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.74407.75107.75617.76317.76827.77527.7803
Camarilla7.75787.75897.76007.76117.76227.76337.7644
Woodie7.74307.75057.75517.76267.76727.77477.7793
Fibonacci7.75107.75577.75857.76317.76787.77067.7752

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): 56.59
MACD (12,26,9): 0.0001
Directional Movement: 6.2762
AROON (14): -7.1428
DEMA (21): 7.7643
Parabolic SAR (0,02-0,02-0,2): 7.7631
Elder Ray (13): 0.0004
Super Trend (3,10): 7.7623
Zig ZAG (10): 7.7645
VORTEX (21): 1.0361
Stochastique (14,3,5): 75.74
TEMA (21): 7.7642
Williams %R (14): -11.11
Chande Momentum Oscillator (20): 0.0010
Repulse (5,40,3): 0.0103
ROCnROLL: 1
TRIX (15,9): 0.0001
Courbe Coppock: 0.01
MA7: 7.7627
MA20: 7.7612
MA50: 7.7640
MA100: 7.7629
MAexp7: 7.7643
MAexp20: 7.7642
MAexp50: 7.7638
MAexp100: 7.7630
Price / MA7: +0.02%
Price / MA20: +0.04%
Price / MA50: +0.01%
Price / MA100: +0.02%
Price / MAexp7: +0.00%
Price / MAexp20: +0.00%
Price / MAexp50: +0.01%
Price / MAexp100: +0.02%

Quotes : - Real time data - Forex