AUD/HKD - 1H - Technical analysis published on 11/14/2023 (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:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 5.0520 HKD
My targets
5.0912 HKD (+0.0177)
5.1559 HKD (+0.0824)
My analysis
The bullish trend is currently very strong on AUD/HKD. As long as the price remains above the support at 5.0520 HKD, you could try to benefit from the boom. The first bullish objective is located at 5.0912 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.1559 HKD as an objective. Crossing it would then enable buyers to target 5.1661 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
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Additional analysis
Quotes
The AUD/HKD price is 5.0735 HKD. On the day, this instrument gained +1.86% and was between 4.9649 HKD and 5.0768 HKD. This implies that the price is at +2.19% from its lowest and at -0.07% from its highest.4.9649
5.0768
5.0735
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/HKD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being 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, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
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 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 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 a result that can have an impact on the price change:
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 | 4.9899 | 5.0151 | 5.0520 | 5.0735 | 5.0912 | 5.1661 | 5.3241 |
| Change (%) | -1.65% | -1.15% | -0.42% | - | +0.35% | +1.83% | +4.94% |
| Change | -0.0836 | -0.0584 | -0.0215 | - | +0.0177 | +0.0926 | +0.2506 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9342 | 4.9470 | 4.9640 | 4.9768 | 4.9938 | 5.0066 | 5.0236 |
| Camarilla | 4.9728 | 4.9755 | 4.9783 | 4.9810 | 4.9837 | 4.9865 | 4.9892 |
| Woodie | 4.9363 | 4.9481 | 4.9661 | 4.9779 | 4.9959 | 5.0077 | 5.0257 |
| Fibonacci | 4.9470 | 4.9584 | 4.9654 | 4.9768 | 4.9882 | 4.9952 | 5.0066 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7614 | 4.8563 | 4.9112 | 5.0061 | 5.0610 | 5.1559 | 5.2108 |
| Camarilla | 4.9250 | 4.9387 | 4.9525 | 4.9662 | 4.9799 | 4.9937 | 5.0074 |
| Woodie | 4.7415 | 4.8463 | 4.8913 | 4.9961 | 5.0411 | 5.1459 | 5.1909 |
| Fibonacci | 4.8563 | 4.9135 | 4.9488 | 5.0061 | 5.0633 | 5.0986 | 5.1559 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7506 | 4.8276 | 4.8930 | 4.9700 | 5.0354 | 5.1124 | 5.1778 |
| Camarilla | 4.9192 | 4.9323 | 4.9454 | 4.9584 | 4.9715 | 4.9845 | 4.9976 |
| Woodie | 4.7448 | 4.8247 | 4.8872 | 4.9671 | 5.0296 | 5.1095 | 5.1720 |
| Fibonacci | 4.8276 | 4.8820 | 4.9156 | 4.9700 | 5.0244 | 5.0580 | 5.1124 |
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): | 86.19 | |
| MACD (12,26,9): | 0.0254 | |
| Directional Movement: | 44.8496 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 5.0483 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0021 | |
| Elder Ray (13): | 0.0384 | |
| Super Trend (3,10): | 5.0392 | |
| Zig ZAG (10): | 5.0735 | |
| VORTEX (21): | 1.4279 | |
| Stochastique (14,3,5): | 97.63 | |
| TEMA (21): | 5.0678 | |
| Williams %R (14): | -2.23 | |
| Chande Momentum Oscillator (20): | 0.1004 | |
| Repulse (5,40,3): | 0.4203 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0418 | |
| Courbe Coppock: | 3.26 |
| MA7: | 5.0139 | |
| MA20: | 4.9896 | |
| MA50: | 4.9985 | |
| MA100: | 5.0791 | |
| MAexp7: | 5.0551 | |
| MAexp20: | 5.0199 | |
| MAexp50: | 4.9978 | |
| MAexp100: | 4.9955 | |
| Price / MA7: | +1.19% | |
| Price / MA20: | +1.68% | |
| Price / MA50: | +1.50% | |
| Price / MA100: | -0.11% | |
| Price / MAexp7: | +0.36% | |
| Price / MAexp20: | +1.07% | |
| Price / MAexp50: | +1.51% | |
| Price / MAexp100: | +1.56% |
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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