AUD/HKD - Daily - Technical analysis published on 02/14/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 5.3472 HKD
My targets
5.6024 HKD (+0.0966)
5.7116 HKD (+0.2058)
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 5.3472 HKD. The next resistance located at 5.6024 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 5.7116 HKD. After this resistance, buyers could then target 5.9420 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/HKD rating is 5.5058 HKD. On the day, this instrument gained +0.65% and was traded between 5.4461 HKD and 5.5169 HKD over the period. The price is currently at +1.10% from its lowest and -0.20% from its highest.5.4461
5.5169
5.5058
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/HKD in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 4.8662 | 5.2045 | 5.3472 | 5.5058 | 5.5138 | 5.6024 | 5.7116 |
| Change (%) | -11.62% | -5.47% | -2.88% | - | +0.15% | +1.75% | +3.74% |
| Change | -0.6396 | -0.3013 | -0.1586 | - | +0.0080 | +0.0966 | +0.2058 |
| Level | Major | Minor | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3628 | 5.3856 | 5.4281 | 5.4509 | 5.4934 | 5.5162 | 5.5587 |
| Camarilla | 5.4525 | 5.4585 | 5.4645 | 5.4705 | 5.4765 | 5.4825 | 5.4885 |
| Woodie | 5.3726 | 5.3905 | 5.4379 | 5.4558 | 5.5032 | 5.5211 | 5.5685 |
| Fibonacci | 5.3856 | 5.4106 | 5.4260 | 5.4509 | 5.4759 | 5.4913 | 5.5162 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2464 | 5.3127 | 5.3709 | 5.4372 | 5.4954 | 5.5617 | 5.6199 |
| Camarilla | 5.3948 | 5.4062 | 5.4176 | 5.4290 | 5.4404 | 5.4518 | 5.4632 |
| Woodie | 5.2423 | 5.3107 | 5.3668 | 5.4352 | 5.4913 | 5.5597 | 5.6158 |
| Fibonacci | 5.3127 | 5.3603 | 5.3897 | 5.4372 | 5.4848 | 5.5142 | 5.5617 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9399 | 5.0827 | 5.3053 | 5.4481 | 5.6707 | 5.8135 | 6.0361 |
| Camarilla | 5.4273 | 5.4608 | 5.4943 | 5.5278 | 5.5613 | 5.5948 | 5.6283 |
| Woodie | 4.9797 | 5.1027 | 5.3451 | 5.4681 | 5.7105 | 5.8335 | 6.0759 |
| Fibonacci | 5.0827 | 5.2223 | 5.3086 | 5.4481 | 5.5877 | 5.6740 | 5.8135 |
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): | 53.85 | |
| MACD (12,26,9): | 0.0197 | |
| Directional Movement: | 0.9500 | |
| AROON (14): | -14.2858 | |
| DEMA (21): | 5.4990 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.5622 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 5.3855 | |
| Zig ZAG (10): | 5.4824 | |
| VORTEX (21): | 1.0252 | |
| Stochastique (14,3,5): | 34.86 | |
| TEMA (21): | 5.4739 | |
| Williams %R (14): | -56.18 | |
| Chande Momentum Oscillator (20): | -0.0825 | |
| Repulse (5,40,3): | 0.6975 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0973 | |
| Courbe Coppock: | 1.73 |
| MA7: | 5.4484 | |
| MA20: | 5.4900 | |
| MA50: | 5.3780 | |
| MA100: | 5.2393 | |
| MAexp7: | 5.4655 | |
| MAexp20: | 5.4627 | |
| MAexp50: | 5.3947 | |
| MAexp100: | 5.3458 | |
| Price / MA7: | +1.05% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | +2.38% | |
| Price / MA100: | +5.09% | |
| Price / MAexp7: | +0.74% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | +2.06% | |
| Price / MAexp100: | +2.99% |
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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