AUD/HKD - 1H - Technical analysis published on 09/28/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4.9982 HKD
My targets
5.0562 HKD (+0.0250)
5.0912 HKD (+0.0600)
My analysis
AUD/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 4.9982 HKD. The next resistance located at 5.0562 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 5.0912 HKD. After this resistance, buyers could then target 5.3472 HKD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/HKD price is 5.0312 HKD. On the day, this instrument gained +1.32% and was between 4.9649 HKD and 5.0353 HKD. This implies that the price is at +1.34% from its lowest and at -0.08% from its highest.4.9649
5.0353
5.0312
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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/HKD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/HKD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 4.9514 | 4.9982 | 5.0295 | 5.0312 | 5.0562 | 5.0912 | 5.3472 |
| Change (%) | -1.59% | -0.66% | -0.03% | - | +0.50% | +1.19% | +6.28% |
| Change | -0.0798 | -0.0330 | -0.0017 | - | +0.0250 | +0.0600 | +0.3160 |
| Level | Intermediate | Major | Minor | - | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8773 | 4.9143 | 4.9401 | 4.9771 | 5.0029 | 5.0399 | 5.0657 |
| Camarilla | 4.9485 | 4.9543 | 4.9600 | 4.9658 | 4.9716 | 4.9773 | 4.9831 |
| Woodie | 4.8716 | 4.9115 | 4.9344 | 4.9743 | 4.9972 | 5.0371 | 5.0600 |
| Fibonacci | 4.9143 | 4.9383 | 4.9531 | 4.9771 | 5.0011 | 5.0159 | 5.0399 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8907 | 4.9425 | 4.9898 | 5.0416 | 5.0889 | 5.1407 | 5.1880 |
| Camarilla | 5.0100 | 5.0190 | 5.0281 | 5.0372 | 5.0463 | 5.0554 | 5.0645 |
| Woodie | 4.8886 | 4.9414 | 4.9877 | 5.0405 | 5.0868 | 5.1396 | 5.1859 |
| Fibonacci | 4.9425 | 4.9803 | 5.0037 | 5.0416 | 5.0794 | 5.1028 | 5.1407 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7082 | 4.8464 | 4.9672 | 5.1054 | 5.2262 | 5.3644 | 5.4852 |
| Camarilla | 5.0169 | 5.0406 | 5.0644 | 5.0881 | 5.1118 | 5.1356 | 5.1593 |
| Woodie | 4.6996 | 4.8421 | 4.9586 | 5.1011 | 5.2176 | 5.3601 | 5.4766 |
| Fibonacci | 4.8464 | 4.9453 | 5.0064 | 5.1054 | 5.2043 | 5.2654 | 5.3644 |
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): | 71.46 | |
| MACD (12,26,9): | 0.0123 | |
| Directional Movement: | 16.0854 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 5.0305 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0255 | |
| Elder Ray (13): | 0.0100 | |
| Super Trend (3,10): | 5.0068 | |
| Zig ZAG (10): | 5.0321 | |
| VORTEX (21): | 1.2463 | |
| Stochastique (14,3,5): | 94.26 | |
| TEMA (21): | 5.0397 | |
| Williams %R (14): | -8.03 | |
| Chande Momentum Oscillator (20): | 0.0289 | |
| Repulse (5,40,3): | 0.0689 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0311 | |
| Courbe Coppock: | 1.50 |
| MA7: | 5.0143 | |
| MA20: | 5.0237 | |
| MA50: | 5.0786 | |
| MA100: | 5.1579 | |
| MAexp7: | 5.0289 | |
| MAexp20: | 5.0155 | |
| MAexp50: | 5.0051 | |
| MAexp100: | 5.0077 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +0.15% | |
| Price / MA50: | -0.93% | |
| Price / MA100: | -2.46% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +0.47% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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