Londinia Opportunities Analyses - 10/18/2021 (GMT) NZD/HKD - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 5.4820 HKD
My targets
5.5422 HKD (+0.0324)
5.5625 HKD (+0.0527)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/HKD as long as the price remains well above 5.4820 HKD. The buyers' bullish objective is set at 5.5422 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.5625 HKD. If there is any crossing, the next objective would be the resistance located at 5.6299 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
NZD/HKD rating 5.5098 HKD. The price registered an increase of +0.23% on the session and was traded between 5.4833 HKD and 5.5239 HKD over the period. The price is currently at +0.48% from its lowest and -0.26% from its highest.5.4833
5.5239
5.5098
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/HKD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.4256 | 5.4820 | 5.5048 | 5.5098 | 5.5625 | 5.6299 | 5.7734 |
| Change (%) | -1.53% | -0.50% | -0.09% | - | +0.96% | +2.18% | +4.78% |
| Change | -0.0842 | -0.0278 | -0.0050 | - | +0.0527 | +0.1201 | +0.2636 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.4375 | 5.4525 | 5.4749 | 5.4899 | 5.5123 | 5.5273 | 5.5497 |
| Camarilla | 5.4871 | 5.4905 | 5.4940 | 5.4974 | 5.5008 | 5.5043 | 5.5077 |
| Woodie | 5.4413 | 5.4544 | 5.4787 | 5.4918 | 5.5161 | 5.5292 | 5.5535 |
| Fibonacci | 5.4525 | 5.4668 | 5.4756 | 5.4899 | 5.5042 | 5.5130 | 5.5273 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2880 | 5.3329 | 5.4151 | 5.4600 | 5.5422 | 5.5871 | 5.6693 |
| Camarilla | 5.4625 | 5.4741 | 5.4858 | 5.4974 | 5.5091 | 5.5207 | 5.5324 |
| Woodie | 5.3068 | 5.3422 | 5.4339 | 5.4693 | 5.5610 | 5.5964 | 5.6881 |
| Fibonacci | 5.3329 | 5.3814 | 5.4114 | 5.4600 | 5.5085 | 5.5385 | 5.5871 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0496 | 5.1949 | 5.2821 | 5.4274 | 5.5146 | 5.6599 | 5.7471 |
| Camarilla | 5.3055 | 5.3268 | 5.3481 | 5.3694 | 5.3907 | 5.4120 | 5.4333 |
| Woodie | 5.0207 | 5.1804 | 5.2532 | 5.4129 | 5.4857 | 5.6454 | 5.7182 |
| Fibonacci | 5.1949 | 5.2837 | 5.3386 | 5.4274 | 5.5162 | 5.5711 | 5.6599 |
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): | 61.70 | |
| MACD (12,26,9): | 0.0030 | |
| Directional Movement: | 7.4918 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 5.5028 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.4858 | |
| Elder Ray (13): | 0.0084 | |
| Super Trend (3,10): | 5.5135 | |
| Zig ZAG (10): | 5.5083 | |
| VORTEX (21): | 1.0325 | |
| Stochastique (14,3,5): | 83.63 | |
| TEMA (21): | 5.4997 | |
| Williams %R (14): | -11.58 | |
| Chande Momentum Oscillator (20): | 0.0141 | |
| Repulse (5,40,3): | 0.2279 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0058 | |
| Courbe Coppock: | 0.17 |
| MA7: | 5.4418 | |
| MA20: | 5.4282 | |
| MA50: | 5.4510 | |
| MA100: | 5.4599 | |
| MAexp7: | 5.5019 | |
| MAexp20: | 5.4983 | |
| MAexp50: | 5.4865 | |
| MAexp100: | 5.4652 | |
| Price / MA7: | +1.25% | |
| Price / MA20: | +1.50% | |
| Price / MA50: | +1.08% | |
| Price / MA100: | +0.91% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.82% |
Quotes :
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Real time data
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Forex