CAD/HKD - 1H - Technical analysis published on 12/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 5.3992 HKD
My targets
5.3721 HKD (-0.0150)
5.3564 HKD (-0.0307)
My analysis
The bearish trend is currently very strong for CAD/HKD. As long as the price remains below the resistance at 5.3992 HKD, you could try to take advantage of the bearish rally. The first bearish objective is located at 5.3721 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5.3564 HKD as an objective. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.4
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:
Additional analysis
Quotes
CAD/HKD rating 5.3871 HKD. On the day, this instrument gained +0.00% with the lowest point at 5.3784 HKD and the highest point at 5.3993 HKD. The deviation from the price is +0.16% for the low point and -0.23% for the high point.5.3784
5.3993
5.3871
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/HKD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 5.3564 | 5.3721 | 5.3841 | 5.3871 | 5.3992 | 5.4139 | 5.4209 |
| Change (%) | -0.57% | -0.28% | -0.06% | - | +0.22% | +0.50% | +0.63% |
| Change | -0.0307 | -0.0150 | -0.0030 | - | +0.0121 | +0.0268 | +0.0338 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3457 | 5.3588 | 5.3730 | 5.3861 | 5.4003 | 5.4134 | 5.4276 |
| Camarilla | 5.3797 | 5.3822 | 5.3847 | 5.3872 | 5.3897 | 5.3922 | 5.3947 |
| Woodie | 5.3463 | 5.3591 | 5.3736 | 5.3864 | 5.4009 | 5.4137 | 5.4282 |
| Fibonacci | 5.3588 | 5.3692 | 5.3757 | 5.3861 | 5.3965 | 5.4030 | 5.4134 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3226 | 5.3473 | 5.3672 | 5.3919 | 5.4118 | 5.4365 | 5.4564 |
| Camarilla | 5.3749 | 5.3790 | 5.3831 | 5.3872 | 5.3913 | 5.3954 | 5.3995 |
| Woodie | 5.3203 | 5.3461 | 5.3649 | 5.3907 | 5.4095 | 5.4353 | 5.4541 |
| Fibonacci | 5.3473 | 5.3643 | 5.3748 | 5.3919 | 5.4089 | 5.4194 | 5.4365 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3542 | 5.4216 | 5.4890 | 5.5564 | 5.6238 | 5.6912 | 5.7586 |
| Camarilla | 5.5192 | 5.5316 | 5.5439 | 5.5563 | 5.5687 | 5.5810 | 5.5934 |
| Woodie | 5.3541 | 5.4216 | 5.4889 | 5.5564 | 5.6237 | 5.6912 | 5.7585 |
| Fibonacci | 5.4216 | 5.4731 | 5.5049 | 5.5564 | 5.6079 | 5.6397 | 5.6912 |
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): | 43.55 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | -12.8124 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 5.3908 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.3993 | |
| Elder Ray (13): | -0.0058 | |
| Super Trend (3,10): | 5.3830 | |
| Zig ZAG (10): | 5.3861 | |
| VORTEX (21): | 1.0160 | |
| Stochastique (14,3,5): | 39.47 | |
| TEMA (21): | 5.3923 | |
| Williams %R (14): | -58.85 | |
| Chande Momentum Oscillator (20): | -0.0039 | |
| Repulse (5,40,3): | -0.0627 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0018 | |
| Courbe Coppock: | 0.12 |
| MA7: | 5.3980 | |
| MA20: | 5.4548 | |
| MA50: | 5.5278 | |
| MA100: | 5.6271 | |
| MAexp7: | 5.3908 | |
| MAexp20: | 5.3905 | |
| MAexp50: | 5.3917 | |
| MAexp100: | 5.3960 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -1.24% | |
| Price / MA50: | -2.55% | |
| Price / MA100: | -4.27% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.16% |
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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