Londinia Opportunities Analyses - 04/25/2024 (GMT) AUD/HKD - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 5.0913 HKD
My targets
5.1164 HKD (+0.0135)
5.1709 HKD (+0.0680)
My analysis
AUD/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5.0913 HKD. The next resistance located at 5.1164 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.1709 HKD. After this resistance, buyers could then target 5.3020 HKD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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Additional analysis
Quotes
AUD/HKD rating 5.1029 HKD. The price has increased by +0.30% since the last closing and was between 5.0772 HKD and 5.1190 HKD. This implies that the price is at +0.51% from its lowest and at -0.31% from its highest.5.0772
5.1190
5.1029
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/HKD:
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
A technical analysis in 1H of this AUD/HKD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
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 | 5.0556 | 5.0775 | 5.0913 | 5.1029 | 5.1164 | 5.1709 | 5.3020 |
| Change (%) | -0.93% | -0.50% | -0.23% | - | +0.26% | +1.33% | +3.90% |
| Change | -0.0473 | -0.0254 | -0.0116 | - | +0.0135 | +0.0680 | +0.1991 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Minor |
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 | 5.0321 | 5.0548 | 5.0711 | 5.0938 | 5.1101 | 5.1328 | 5.1491 |
| Camarilla | 5.0768 | 5.0804 | 5.0839 | 5.0875 | 5.0911 | 5.0947 | 5.0982 |
| Woodie | 5.0290 | 5.0532 | 5.0680 | 5.0922 | 5.1070 | 5.1312 | 5.1460 |
| Fibonacci | 5.0548 | 5.0697 | 5.0789 | 5.0938 | 5.1087 | 5.1179 | 5.1328 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8715 | 4.9268 | 4.9759 | 5.0312 | 5.0803 | 5.1356 | 5.1847 |
| Camarilla | 4.9964 | 5.0060 | 5.0155 | 5.0251 | 5.0347 | 5.0442 | 5.0538 |
| Woodie | 4.8685 | 4.9253 | 4.9729 | 5.0297 | 5.0773 | 5.1341 | 5.1817 |
| Fibonacci | 4.9268 | 4.9667 | 4.9913 | 5.0312 | 5.0711 | 5.0957 | 5.1356 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8927 | 4.9804 | 5.0385 | 5.1262 | 5.1843 | 5.2720 | 5.3301 |
| Camarilla | 5.0565 | 5.0699 | 5.0832 | 5.0966 | 5.1100 | 5.1233 | 5.1367 |
| Woodie | 4.8779 | 4.9730 | 5.0237 | 5.1188 | 5.1695 | 5.2646 | 5.3153 |
| Fibonacci | 4.9804 | 5.0361 | 5.0705 | 5.1262 | 5.1819 | 5.2163 | 5.2720 |
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): | 55.85 | |
| MACD (12,26,9): | 0.0025 | |
| Directional Movement: | 3.2955 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 5.1021 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1074 | |
| Elder Ray (13): | 0.0043 | |
| Super Trend (3,10): | 5.1149 | |
| Zig ZAG (10): | 5.1029 | |
| VORTEX (21): | 1.1104 | |
| Stochastique (14,3,5): | 61.80 | |
| TEMA (21): | 5.1013 | |
| Williams %R (14): | -38.52 | |
| Chande Momentum Oscillator (20): | -0.0061 | |
| Repulse (5,40,3): | 0.0195 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0066 | |
| Courbe Coppock: | 0.14 |
| MA7: | 5.0607 | |
| MA20: | 5.0932 | |
| MA50: | 5.1131 | |
| MA100: | 5.1487 | |
| MAexp7: | 5.1011 | |
| MAexp20: | 5.0986 | |
| MAexp50: | 5.0913 | |
| MAexp100: | 5.0794 | |
| Price / MA7: | +0.83% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | -0.20% | |
| Price / MA100: | -0.89% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.46% |
Quotes :
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Real time data
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Forex