CAD/HKD - 1H - Technical analysis published on 12/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 5.7644 HKD
My targets
5.7425 HKD (-0.0067)
5.7323 HKD (-0.0169)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 5.7644 HKD remains possible. It is advisable to trade CAD/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 5.7644 HKD. The next bearish objective for sellers is set at 5.7425 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.7323 HKD. In case of crossing, the next objective would be the support located at 5.7144 HKD. PS: if there is a bullish break in the resistance located at 5.7644 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
2.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/HKD rating 5.7492 HKD. The price registered a decrease of -0.01% on the session with the lowest point at 5.7467 HKD and the highest point at 5.7515 HKD. The deviation from the price is +0.04% for the low point and -0.04% for the high point.5.7467
5.7515
5.7492
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
Here is a more detailed summary of the historical variations registered by CAD/HKD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/HKD indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.7144 | 5.7323 | 5.7425 | 5.7492 | 5.7515 | 5.7644 | 5.7826 |
| Change (%) | -0.61% | -0.29% | -0.12% | - | +0.04% | +0.26% | +0.58% |
| Change | -0.0348 | -0.0169 | -0.0067 | - | +0.0023 | +0.0152 | +0.0334 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.7118 | 5.7252 | 5.7374 | 5.7508 | 5.7630 | 5.7764 | 5.7886 |
| Camarilla | 5.7426 | 5.7449 | 5.7473 | 5.7496 | 5.7520 | 5.7543 | 5.7566 |
| Woodie | 5.7112 | 5.7249 | 5.7368 | 5.7505 | 5.7624 | 5.7761 | 5.7880 |
| Fibonacci | 5.7252 | 5.7350 | 5.7410 | 5.7508 | 5.7606 | 5.7666 | 5.7764 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.6668 | 5.7023 | 5.7260 | 5.7615 | 5.7852 | 5.8207 | 5.8444 |
| Camarilla | 5.7333 | 5.7388 | 5.7442 | 5.7496 | 5.7550 | 5.7605 | 5.7659 |
| Woodie | 5.6608 | 5.6994 | 5.7200 | 5.7586 | 5.7792 | 5.8178 | 5.8384 |
| Fibonacci | 5.7023 | 5.7250 | 5.7389 | 5.7615 | 5.7842 | 5.7981 | 5.8207 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.5380 | 5.5834 | 5.6722 | 5.7176 | 5.8064 | 5.8518 | 5.9406 |
| Camarilla | 5.7241 | 5.7364 | 5.7487 | 5.7610 | 5.7733 | 5.7856 | 5.7979 |
| Woodie | 5.5597 | 5.5943 | 5.6939 | 5.7285 | 5.8281 | 5.8627 | 5.9623 |
| Fibonacci | 5.5834 | 5.6347 | 5.6663 | 5.7176 | 5.7689 | 5.8005 | 5.8518 |
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): | 51.70 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 3.4175 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 5.7488 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.7608 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 5.7563 | |
| Zig ZAG (10): | 5.7501 | |
| VORTEX (21): | 0.9487 | |
| Stochastique (14,3,5): | 41.93 | |
| TEMA (21): | 5.7488 | |
| Williams %R (14): | -54.69 | |
| Chande Momentum Oscillator (20): | -0.0029 | |
| Repulse (5,40,3): | 0.0651 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0002 | |
| Courbe Coppock: | 0.11 |
| MA7: | 5.7581 | |
| MA20: | 5.7253 | |
| MA50: | 5.7087 | |
| MA100: | 5.7562 | |
| MAexp7: | 5.7491 | |
| MAexp20: | 5.7490 | |
| MAexp50: | 5.7499 | |
| MAexp100: | 5.7521 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +0.71% | |
| Price / MA100: | -0.12% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.05% |
Quotes :
-
Real time data
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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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