USD/HKD - 15 min. - Technical analysis published on 11/02/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 7.8207 HKD
My targets
7.8285 HKD (+0.0033)
7.8376 HKD (+0.0124)
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 7.8207 HKD. Crossing the first resistance at 7.8285 HKD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 7.8376 HKD as an objective. Crossing it would then enable buyers to target 7.8500 HKD. Caution, a return to below 7.8207 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.
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
6.3
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Additional analysis
Quotes
The USD/HKD rating is 7.8252 HKD. The price registered an increase of +0.04% on the session and was between 7.8217 HKD and 7.8257 HKD. This implies that the price is at +0.04% from its lowest and at -0.01% from its highest.7.8217
7.8257
7.8252
Here is a more detailed summary of the historical variations registered by USD/HKD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/HKD in 15 min. shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.8210 | 7.8227 | 7.8244 | 7.8252 | 7.8256 | 7.8267 | 7.8295 |
| Change (%) | -0.05% | -0.03% | -0.01% | - | +0.01% | +0.02% | +0.05% |
| Change | -0.0042 | -0.0025 | -0.0008 | - | +0.0004 | +0.0015 | +0.0043 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 7.8168 | 7.8193 | 7.8207 | 7.8232 | 7.8246 | 7.8271 | 7.8285 |
| Camarilla | 7.8211 | 7.8215 | 7.8218 | 7.8222 | 7.8226 | 7.8229 | 7.8233 |
| Woodie | 7.8164 | 7.8190 | 7.8203 | 7.8229 | 7.8242 | 7.8268 | 7.8281 |
| Fibonacci | 7.8193 | 7.8208 | 7.8217 | 7.8232 | 7.8247 | 7.8256 | 7.8271 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8088 | 7.8135 | 7.8174 | 7.8221 | 7.8260 | 7.8307 | 7.8346 |
| Camarilla | 7.8190 | 7.8198 | 7.8206 | 7.8214 | 7.8222 | 7.8230 | 7.8238 |
| Woodie | 7.8085 | 7.8133 | 7.8171 | 7.8219 | 7.8257 | 7.8305 | 7.8343 |
| Fibonacci | 7.8135 | 7.8168 | 7.8188 | 7.8221 | 7.8254 | 7.8274 | 7.8307 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7969 | 7.8063 | 7.8155 | 7.8249 | 7.8341 | 7.8435 | 7.8527 |
| Camarilla | 7.8195 | 7.8212 | 7.8229 | 7.8246 | 7.8263 | 7.8280 | 7.8297 |
| Woodie | 7.7967 | 7.8063 | 7.8153 | 7.8249 | 7.8339 | 7.8435 | 7.8525 |
| Fibonacci | 7.8063 | 7.8134 | 7.8178 | 7.8249 | 7.8320 | 7.8364 | 7.8435 |
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): | 50.61 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -3.9501 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 7.8253 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.8246 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 7.8241 | |
| Zig ZAG (10): | 7.8252 | |
| VORTEX (21): | 1.0106 | |
| Stochastique (14,3,5): | 51.28 | |
| TEMA (21): | 7.8250 | |
| Williams %R (14): | -46.15 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | 0.0030 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.00 |
| MA7: | 7.8224 | |
| MA20: | 7.8234 | |
| MA50: | 7.8284 | |
| MA100: | 7.8247 | |
| MAexp7: | 7.8251 | |
| MAexp20: | 7.8251 | |
| MAexp50: | 7.8247 | |
| MAexp100: | 7.8243 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | +0.01% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.01% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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