AUD/HKD
AUD HKD
- HKD (-)
- Real time data - Forex
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Change: -
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Type: Forex
Ticker: AUDHKD
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AUD/HKD - 1H - Technical analysis published on 05/28/2024 (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
83%
6%
11%
My opinion
Bullish above 5.2000 HKD
My targets
5.2312 HKD (+0.0161)
5.2736 HKD (+0.0585)
My analysis
The bullish trend is currently very strong on AUD/HKD. As long as the price remains above the support at 5.2000 HKD, you could try to benefit from the boom. The first bullish objective is located at 5.2312 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.2736 HKD as an objective. Crossing it would then enable buyers to target 5.3516 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
8.6

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 rating is 5.2151 HKD. The price registered an increase of +0.38% on the session and was traded between 5.1942 HKD and 5.2151 HKD over the period. The price is currently at +0.40% from its lowest and 0% from its highest.

5.1942
5.2151
5.2151

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.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


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 AUD/HKD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

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 1

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.1844 5.1930 5.2000 5.2151 5.2185 5.2312 5.3516
Change (%) -0.59% -0.42% -0.29% - +0.07% +0.31% +2.62%
Change -0.0307 -0.0221 -0.0151 - +0.0034 +0.0161 +0.1365
Level Intermediate Minor Minor - Intermediate Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.15275.16305.17935.18965.20595.21625.2325
Camarilla5.18825.19065.19315.19555.19795.20045.2028
Woodie5.15565.16455.18225.19115.20885.21775.2354
Fibonacci5.16305.17325.17955.18965.19985.20615.2162


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.05275.10045.13935.18705.22595.27365.3125
Camarilla5.15445.16235.17035.17825.18615.19415.2020
Woodie5.04835.09825.13495.18485.22155.27145.3081
Fibonacci5.10045.13355.15395.18705.22015.24055.2736


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.74384.86294.96435.08345.18485.30395.4053
Camarilla5.00515.02535.04555.06575.08595.10615.1263
Woodie4.73504.85854.95555.07905.17605.29955.3965
Fibonacci4.86294.94714.99925.08345.16765.21975.3039

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): 66.65
MACD (12,26,9): 0.0049
Directional Movement: 14.6541
AROON (14): 85.7142
DEMA (21): 5.2077
Parabolic SAR (0,02-0,02-0,2): 5.2001
Elder Ray (13): 0.0050
Super Trend (3,10): 5.1936
Zig ZAG (10): 5.2104
VORTEX (21): 1.1230
Stochastique (14,3,5): 86.70
TEMA (21): 5.2080
Williams %R (14): -13.53
Chande Momentum Oscillator (20): 0.0075
Repulse (5,40,3): 0.0668
ROCnROLL: 1
TRIX (15,9): 0.0133
Courbe Coppock: 0.32
MA7: 5.1870
MA20: 5.1759
MA50: 5.1305
MA100: 5.1317
MAexp7: 5.2065
MAexp20: 5.2015
MAexp50: 5.1931
MAexp100: 5.1887
Price / MA7: +0.54%
Price / MA20: +0.76%
Price / MA50: +1.65%
Price / MA100: +1.63%
Price / MAexp7: +0.17%
Price / MAexp20: +0.26%
Price / MAexp50: +0.42%
Price / MAexp100: +0.51%

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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