AUD/HKD - Daily - Technical analysis published on 06/12/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
83%
6%
11%
My opinion
Bullish above 5.2515 HKD
My targets
5.3472 HKD (+0.0630)
5.4081 HKD (+0.1239)
My analysis
The current short-term bullish acceleration on AUD/HKD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 5.2515 HKD. Short-term buyers will use the resistance located at 5.3472 HKD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 5.4081 HKD. Crossing this resistance would then open the door for buyers to target 5.4840 HKD. Caution, if there is a return to under 5.2515 HKD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
4.3
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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 5.2842 HKD. The price is lower by -0.01% since the last closing and was between 5.2766 HKD and 5.3084 HKD. This implies that the price is at +0.14% from its lowest and at -0.46% from its highest.5.2766
5.3084
5.2842
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/HKD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of AUD/HKD indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
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 | 5.0931 | 5.1694 | 5.2515 | 5.2842 | 5.3472 | 5.4081 | 5.4840 |
| Change (%) | -3.62% | -2.17% | -0.62% | - | +1.19% | +2.34% | +3.78% |
| Change | -0.1911 | -0.1148 | -0.0327 | - | +0.0630 | +0.1239 | +0.1998 |
| Level | Major | Major | Intermediate | - | Major | Minor | 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 | 5.2082 | 5.2266 | 5.2555 | 5.2739 | 5.3028 | 5.3212 | 5.3501 |
| Camarilla | 5.2715 | 5.2758 | 5.2802 | 5.2845 | 5.2888 | 5.2932 | 5.2975 |
| Woodie | 5.2136 | 5.2292 | 5.2609 | 5.2765 | 5.3082 | 5.3238 | 5.3555 |
| Fibonacci | 5.2266 | 5.2446 | 5.2558 | 5.2739 | 5.2919 | 5.3031 | 5.3212 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.0622 | 5.1098 | 5.1971 | 5.2447 | 5.3320 | 5.3796 | 5.4669 |
| Camarilla | 5.2474 | 5.2598 | 5.2721 | 5.2845 | 5.2969 | 5.3092 | 5.3216 |
| Woodie | 5.0822 | 5.1197 | 5.2171 | 5.2546 | 5.3520 | 5.3895 | 5.4869 |
| Fibonacci | 5.1098 | 5.1613 | 5.1931 | 5.2447 | 5.2962 | 5.3280 | 5.3796 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7038 | 4.8799 | 4.9875 | 5.1636 | 5.2712 | 5.4473 | 5.5549 |
| Camarilla | 5.0170 | 5.0430 | 5.0690 | 5.0950 | 5.1210 | 5.1470 | 5.1730 |
| Woodie | 4.6695 | 4.8628 | 4.9532 | 5.1465 | 5.2369 | 5.4302 | 5.5206 |
| Fibonacci | 4.8799 | 4.9883 | 5.0553 | 5.1636 | 5.2720 | 5.3390 | 5.4473 |
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): | 61.79 | |
| MACD (12,26,9): | 0.0089 | |
| Directional Movement: | 9.6935 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 5.2097 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.1235 | |
| Elder Ray (13): | 0.0777 | |
| Super Trend (3,10): | 5.1453 | |
| Zig ZAG (10): | 5.2872 | |
| VORTEX (21): | 1.0685 | |
| Stochastique (14,3,5): | 94.98 | |
| TEMA (21): | 5.2340 | |
| Williams %R (14): | -8.68 | |
| Chande Momentum Oscillator (20): | 0.1953 | |
| Repulse (5,40,3): | 1.0002 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0375 | |
| Courbe Coppock: | 2.10 |
| MA7: | 5.2359 | |
| MA20: | 5.1818 | |
| MA50: | 5.2246 | |
| MA100: | 5.2858 | |
| MAexp7: | 5.2395 | |
| MAexp20: | 5.2075 | |
| MAexp50: | 5.2230 | |
| MAexp100: | 5.2514 | |
| Price / MA7: | +0.92% | |
| Price / MA20: | +1.98% | |
| Price / MA50: | +1.14% | |
| Price / MA100: | -0.03% | |
| Price / MAexp7: | +0.85% | |
| Price / MAexp20: | +1.47% | |
| Price / MAexp50: | +1.17% | |
| Price / MAexp100: | +0.62% |
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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