USD/HKD - 1H - Technical analysis published on 11/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
83%
11%
My opinion
Bearish under 7.8217 HKD
My targets
7.8166 HKD (-0.0032)
7.7942 HKD (-0.0256)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/HKD as long as the price remains well below 7.8217 HKD. The sellers' bearish objective is set at 7.8166 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.7942 HKD. In case of crossing, the next objective would be the support located at 7.7853 HKD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.6
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Additional analysis
Quotes
The USD/HKD price is 7.8198 HKD. The price registered a decrease of -0.05% on the session and was traded between 7.8192 HKD and 7.8250 HKD over the period. The price is currently at +0.01% from its lowest and -0.07% from its highest.7.8192
7.8250
7.8198
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 (5 years)
Type : Bearish
Timeframe : Weekly
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/HKD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.8088 | 7.8166 | 7.8181 | 7.8198 | 7.8198 | 7.8217 | 7.8227 |
| Change (%) | -0.14% | -0.04% | -0.02% | 0% | - | +0.02% | +0.04% |
| Change | -0.0110 | -0.0032 | -0.0017 | 0 | - | +0.0019 | +0.0029 |
| Level | Intermediate | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8188 | 7.8212 | 7.8225 | 7.8249 | 7.8262 | 7.8286 | 7.8299 |
| Camarilla | 7.8228 | 7.8231 | 7.8235 | 7.8238 | 7.8241 | 7.8245 | 7.8248 |
| Woodie | 7.8183 | 7.8209 | 7.8220 | 7.8246 | 7.8257 | 7.8283 | 7.8294 |
| Fibonacci | 7.8212 | 7.8226 | 7.8235 | 7.8249 | 7.8263 | 7.8272 | 7.8286 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8125 | 7.8161 | 7.8200 | 7.8236 | 7.8275 | 7.8311 | 7.8350 |
| Camarilla | 7.8217 | 7.8224 | 7.8231 | 7.8238 | 7.8245 | 7.8252 | 7.8259 |
| Woodie | 7.8126 | 7.8162 | 7.8201 | 7.8237 | 7.8276 | 7.8312 | 7.8351 |
| Fibonacci | 7.8161 | 7.8190 | 7.8208 | 7.8236 | 7.8265 | 7.8283 | 7.8311 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 31.83 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -11.4812 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 7.8204 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.8225 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 7.8231 | |
| Zig ZAG (10): | 7.8199 | |
| VORTEX (21): | 0.8193 | |
| Stochastique (14,3,5): | 13.59 | |
| TEMA (21): | 7.8200 | |
| Williams %R (14): | -83.78 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | -0.0073 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0016 | |
| Courbe Coppock: | 0.04 |
| MA7: | 7.8225 | |
| MA20: | 7.8226 | |
| MA50: | 7.8275 | |
| MA100: | 7.8248 | |
| MAexp7: | 7.8206 | |
| MAexp20: | 7.8217 | |
| MAexp50: | 7.8228 | |
| MAexp100: | 7.8232 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | -0.10% | |
| Price / MA100: | -0.06% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.04% |
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.
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