Londinia Opportunities Analyses - 04/26/2024 (GMT) NZD/HKD - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 4.6635 HKD
My targets
4.6851 HKD (+0.0162)
4.7016 HKD (+0.0327)
My analysis
The bullish trend is currently very strong on NZD/HKD. As long as the price remains above the support at 4.6635 HKD, you could try to benefit from the boom. The first bullish objective is located at 4.6851 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.7016 HKD as an objective. Crossing it would then enable buyers to target 4.7483 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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Additional analysis
Quotes
The NZD/HKD rating is 4.6689 HKD. The price has increased by +0.13% since the last closing and was between 4.6610 HKD and 4.6739 HKD. This implies that the price is at +0.17% from its lowest and at -0.11% from its highest.4.6610
4.6739
4.6689
Here is a more detailed summary of the historical variations registered by NZD/HKD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/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 market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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 | 4.6035 | 4.6349 | 4.6635 | 4.6689 | 4.6728 | 4.6851 | 4.7483 |
| Change (%) | -1.40% | -0.73% | -0.12% | - | +0.08% | +0.35% | +1.70% |
| Change | -0.0654 | -0.0340 | -0.0054 | - | +0.0039 | +0.0162 | +0.0794 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 4.6030 | 4.6190 | 4.6409 | 4.6569 | 4.6788 | 4.6948 | 4.7167 |
| Camarilla | 4.6525 | 4.6560 | 4.6594 | 4.6629 | 4.6664 | 4.6699 | 4.6733 |
| Woodie | 4.6061 | 4.6205 | 4.6440 | 4.6584 | 4.6819 | 4.6963 | 4.7198 |
| Fibonacci | 4.6190 | 4.6334 | 4.6424 | 4.6569 | 4.6713 | 4.6803 | 4.6948 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4930 | 4.5380 | 4.5748 | 4.6198 | 4.6566 | 4.7016 | 4.7384 |
| Camarilla | 4.5891 | 4.5966 | 4.6041 | 4.6116 | 4.6191 | 4.6266 | 4.6341 |
| Woodie | 4.4889 | 4.5360 | 4.5707 | 4.6178 | 4.6525 | 4.6996 | 4.7343 |
| Fibonacci | 4.5380 | 4.5693 | 4.5886 | 4.6198 | 4.6511 | 4.6704 | 4.7016 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4020 | 4.5308 | 4.6036 | 4.7324 | 4.8052 | 4.9340 | 5.0068 |
| Camarilla | 4.6210 | 4.6394 | 4.6579 | 4.6764 | 4.6949 | 4.7134 | 4.7318 |
| Woodie | 4.3740 | 4.5168 | 4.5756 | 4.7184 | 4.7772 | 4.9200 | 4.9788 |
| Fibonacci | 4.5308 | 4.6078 | 4.6554 | 4.7324 | 4.8094 | 4.8570 | 4.9340 |
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): | 58.95 | |
| MACD (12,26,9): | 0.0039 | |
| Directional Movement: | 9.0675 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 4.6673 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.6534 | |
| Elder Ray (13): | 0.0041 | |
| Super Trend (3,10): | 4.6488 | |
| Zig ZAG (10): | 4.6682 | |
| VORTEX (21): | 1.0079 | |
| Stochastique (14,3,5): | 67.79 | |
| TEMA (21): | 4.6683 | |
| Williams %R (14): | -33.80 | |
| Chande Momentum Oscillator (20): | 0.0105 | |
| Repulse (5,40,3): | -0.0328 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0105 | |
| Courbe Coppock: | 0.59 |
| MA7: | 4.6430 | |
| MA20: | 4.6669 | |
| MA50: | 4.7310 | |
| MA100: | 4.7784 | |
| MAexp7: | 4.6664 | |
| MAexp20: | 4.6623 | |
| MAexp50: | 4.6561 | |
| MAexp100: | 4.6494 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | -1.31% | |
| Price / MA100: | -2.29% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.42% |
Quotes :
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Real time data
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Forex