AUD/HKD
AUD HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDHKD
ISIN:

AUD/HKD - 1H - Technical analysis published on 05/02/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 5.2343 HKD
My targets
5.3087 HKD (+0.0477)
5.3151 HKD (+0.0541)
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 5.2343 HKD. The next resistance located at 5.3087 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 5.3151 HKD. After this resistance, buyers could then target 5.3472 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/HKD price is 5.2610 HKD. On the day, this instrument gained +1.19% and was between 5.1974 HKD and 5.2610 HKD. This implies that the price is at +1.22% from its lowest and at 0% from its highest.

5.1974
5.2610
5.2610

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 1H shows a strongly overall bullish trend. 89.29% 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 is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Central Candlesticks

White marubozu

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.1956 5.2173 5.2343 5.2610 5.2640 5.3151 5.3472
Change (%) -1.24% -0.83% -0.51% - +0.06% +1.03% +1.64%
Change -0.0654 -0.0437 -0.0267 - +0.0030 +0.0541 +0.0862
Level Minor Intermediate Intermediate - Intermediate Minor Major



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
Standard5.13045.15825.17865.20645.22685.25465.2750
Camarilla5.18575.19015.19455.19895.20335.20775.2122
Woodie5.12665.15645.17485.20465.22305.25285.2712
Fibonacci5.15825.17675.18805.20645.22495.23625.2546


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.04425.10235.14745.20555.25065.30875.3538
Camarilla5.16415.17365.18305.19255.20205.21145.2209
Woodie5.03775.09915.14095.20235.24415.30555.3473
Fibonacci5.10235.14175.16615.20555.24495.26935.3087


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.93985.05015.12135.23165.30285.41315.4843
Camarilla5.14265.15925.17595.19255.20915.22585.2424
Woodie4.92035.04035.10185.22185.28335.40335.4648
Fibonacci5.05015.11945.16235.23165.30095.34385.4131

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): 75.93
MACD (12,26,9): 0.0043
Directional Movement: 32.3801
AROON (14): 28.5714
DEMA (21): 5.2149
Parabolic SAR (0,02-0,02-0,2): 5.1974
Elder Ray (13): 0.0166
Super Trend (3,10): 5.1942
Zig ZAG (10): 5.2547
VORTEX (21): 0.9697
Stochastique (14,3,5): 48.38
TEMA (21): 5.2161
Williams %R (14): -2.62
Chande Momentum Oscillator (20): 0.0454
Repulse (5,40,3): 1.2122
ROCnROLL: 1
TRIX (15,9): 0.0064
Courbe Coppock: 0.12
MA7: 5.2155
MA20: 5.2447
MA50: 5.2511
MA100: 5.3209
MAexp7: 5.2171
MAexp20: 5.2098
MAexp50: 5.2043
MAexp100: 5.2059
Price / MA7: +0.87%
Price / MA20: +0.31%
Price / MA50: +0.19%
Price / MA100: -1.13%
Price / MAexp7: +0.84%
Price / MAexp20: +0.98%
Price / MAexp50: +1.09%
Price / MAexp100: +1.06%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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