USD/HKD - 1H - Technical analysis published on 04/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 7.8293 HKD
My targets
7.8376 HKD (+0.0068)
7.8500 HKD (+0.0192)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/HKD. As long as you are above the support located at 7.8293 HKD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 7.8376 HKD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 7.8500 HKD as an objective. If the support 7.8293 HKD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.2
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Additional analysis
Quotes
The USD/HKD rating is 7.8308 HKD. The price is lower by -0.01% since the last closing and was traded between 7.8300 HKD and 7.8319 HKD over the period. The price is currently at +0.01% from its lowest and -0.01% from its highest.7.8300
7.8319
7.8308
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 1H of this USD/HKD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. 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 and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.8263 | 7.8293 | 7.8307 | 7.8308 | 7.8319 | 7.8376 | 7.8500 |
| Change (%) | -0.06% | -0.02% | +0.00% | - | +0.01% | +0.09% | +0.25% |
| Change | -0.0045 | -0.0015 | -0.0001 | - | +0.0011 | +0.0068 | +0.0192 |
| Level | Major | Major | Minor | - | Intermediate | Minor | 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 | 7.8256 | 7.8270 | 7.8293 | 7.8307 | 7.8330 | 7.8344 | 7.8367 |
| Camarilla | 7.8307 | 7.8310 | 7.8314 | 7.8317 | 7.8320 | 7.8324 | 7.8327 |
| Woodie | 7.8262 | 7.8272 | 7.8299 | 7.8309 | 7.8336 | 7.8346 | 7.8373 |
| Fibonacci | 7.8270 | 7.8284 | 7.8293 | 7.8307 | 7.8321 | 7.8330 | 7.8344 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8201 | 7.8221 | 7.8255 | 7.8275 | 7.8309 | 7.8329 | 7.8363 |
| Camarilla | 7.8275 | 7.8280 | 7.8285 | 7.8290 | 7.8295 | 7.8300 | 7.8305 |
| Woodie | 7.8209 | 7.8225 | 7.8263 | 7.8279 | 7.8317 | 7.8333 | 7.8371 |
| Fibonacci | 7.8221 | 7.8241 | 7.8254 | 7.8275 | 7.8295 | 7.8308 | 7.8329 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8048 | 7.8109 | 7.8175 | 7.8236 | 7.8302 | 7.8363 | 7.8429 |
| Camarilla | 7.8205 | 7.8217 | 7.8228 | 7.8240 | 7.8252 | 7.8263 | 7.8275 |
| Woodie | 7.8050 | 7.8110 | 7.8177 | 7.8237 | 7.8304 | 7.8364 | 7.8431 |
| Fibonacci | 7.8109 | 7.8158 | 7.8188 | 7.8236 | 7.8285 | 7.8315 | 7.8363 |
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): | 50.87 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -3.8936 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 7.8309 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.8314 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 7.8296 | |
| Zig ZAG (10): | 7.8307 | |
| VORTEX (21): | 0.9853 | |
| Stochastique (14,3,5): | 48.34 | |
| TEMA (21): | 7.8307 | |
| Williams %R (14): | -55.56 | |
| Chande Momentum Oscillator (20): | -0.0008 | |
| Repulse (5,40,3): | 0.0035 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.01 |
| MA7: | 7.8289 | |
| MA20: | 7.8248 | |
| MA50: | 7.8232 | |
| MA100: | 7.8167 | |
| MAexp7: | 7.8309 | |
| MAexp20: | 7.8309 | |
| MAexp50: | 7.8306 | |
| MAexp100: | 7.8297 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | +0.10% | |
| Price / MA100: | +0.18% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.01% |
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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