AUD/HKD - Daily - Technical analysis published on 05/29/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 5.1650 HKD
My targets
5.0480 HKD (-0.0769)
4.9360 HKD (-0.1889)
My analysis
The bearish trend is currently very strong for AUD/HKD. As long as the price remains below the resistance at 5.1650 HKD, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.0480 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.9360 HKD as an objective. Crossing it would then enable sellers to target 4.8662 HKD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.1
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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 price is 5.1249 HKD. The price has increased by +0.25% since the last closing with the lowest point at 5.1106 HKD and the highest point at 5.1269 HKD. The deviation from the price is +0.28% for the low point and -0.04% for the high point.5.1106
5.1269
5.1249
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of AUD/HKD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.8662 | 4.9360 | 5.0480 | 5.1249 | 5.1650 | 5.3472 | 5.4088 |
| Change (%) | -5.05% | -3.69% | -1.50% | - | +0.78% | +4.34% | +5.54% |
| Change | -0.2587 | -0.1889 | -0.0769 | - | +0.0401 | +0.2223 | +0.2839 |
| Level | Major | Minor | Minor | - | Major | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0996 | 5.1033 | 5.1077 | 5.1114 | 5.1158 | 5.1195 | 5.1239 |
| Camarilla | 5.1099 | 5.1106 | 5.1114 | 5.1121 | 5.1128 | 5.1136 | 5.1143 |
| Woodie | 5.1000 | 5.1035 | 5.1081 | 5.1116 | 5.1162 | 5.1197 | 5.1243 |
| Fibonacci | 5.1033 | 5.1064 | 5.1083 | 5.1114 | 5.1145 | 5.1164 | 5.1195 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9246 | 5.0052 | 5.0549 | 5.1355 | 5.1852 | 5.2658 | 5.3155 |
| Camarilla | 5.0688 | 5.0807 | 5.0927 | 5.1046 | 5.1165 | 5.1285 | 5.1404 |
| Woodie | 4.9092 | 4.9975 | 5.0395 | 5.1278 | 5.1698 | 5.2581 | 5.3001 |
| Fibonacci | 5.0052 | 5.0550 | 5.0857 | 5.1355 | 5.1853 | 5.2160 | 5.2658 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.9398 | 5.0501 | 5.1213 | 5.2316 | 5.3028 | 5.4131 | 5.4843 |
| Camarilla | 5.1426 | 5.1592 | 5.1759 | 5.1925 | 5.2091 | 5.2258 | 5.2424 |
| Woodie | 4.9203 | 5.0403 | 5.1018 | 5.2218 | 5.2833 | 5.4033 | 5.4648 |
| Fibonacci | 5.0501 | 5.1194 | 5.1623 | 5.2316 | 5.3009 | 5.3438 | 5.4131 |
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): | 38.37 | |
| MACD (12,26,9): | -0.0369 | |
| Directional Movement: | -13.7915 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 5.1410 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.2456 | |
| Elder Ray (13): | -0.0450 | |
| Super Trend (3,10): | 5.2402 | |
| Zig ZAG (10): | 5.1238 | |
| VORTEX (21): | 0.9176 | |
| Stochastique (14,3,5): | 11.49 | |
| TEMA (21): | 5.1176 | |
| Williams %R (14): | -82.77 | |
| Chande Momentum Oscillator (20): | -0.0806 | |
| Repulse (5,40,3): | -0.1867 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0634 | |
| Courbe Coppock: | 5.17 |
| MA7: | 5.1351 | |
| MA20: | 5.2084 | |
| MA50: | 5.2328 | |
| MA100: | 5.3069 | |
| MAexp7: | 5.1357 | |
| MAexp20: | 5.1829 | |
| MAexp50: | 5.2264 | |
| MAexp100: | 5.2589 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -1.60% | |
| Price / MA50: | -2.06% | |
| Price / MA100: | -3.43% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -1.12% | |
| Price / MAexp50: | -1.94% | |
| Price / MAexp100: | -2.55% |
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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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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