CAD/HKD - 1H - Technical analysis published on 01/05/2025 (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
22%
56%
22%
My opinion
Bearish under 5.3900 HKD
My targets
5.3784 HKD (-0.0054)
5.3719 HKD (-0.0119)
My analysis
CAD/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5.3900 HKD. The next support located at 5.3784 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5.3719 HKD. Below this support, sellers could then target 5.3564 HKD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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Additional analysis
Quotes
The CAD/HKD rating is 5.3838 HKD. The price registered a decrease of -0.28% on the session with the lowest point at 5.3783 HKD and the highest point at 5.4089 HKD. The deviation from the price is +0.10% for the low point and -0.46% for the high point.5.3783
5.4089
5.3838
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
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
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 1H chart of CAD/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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.3564 | 5.3719 | 5.3784 | 5.3838 | 5.3847 | 5.3900 | 5.3993 |
| Change (%) | -0.51% | -0.22% | -0.10% | - | +0.02% | +0.12% | +0.29% |
| Change | -0.0274 | -0.0119 | -0.0054 | - | +0.0009 | +0.0062 | +0.0155 |
| Level | Major | Intermediate | Minor | - | Minor | Minor | 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 | 5.3614 | 5.3730 | 5.3861 | 5.3977 | 5.4108 | 5.4224 | 5.4355 |
| Camarilla | 5.3923 | 5.3946 | 5.3968 | 5.3991 | 5.4014 | 5.4036 | 5.4059 |
| Woodie | 5.3621 | 5.3734 | 5.3868 | 5.3981 | 5.4115 | 5.4228 | 5.4362 |
| Fibonacci | 5.3730 | 5.3825 | 5.3883 | 5.3977 | 5.4072 | 5.4130 | 5.4224 |
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 | 5.1344 | 5.2532 | 5.3267 | 5.4455 | 5.5190 | 5.6378 | 5.7113 |
| Camarilla | 5.3474 | 5.3651 | 5.3827 | 5.4003 | 5.4179 | 5.4356 | 5.4532 |
| Woodie | 5.1119 | 5.2419 | 5.3042 | 5.4342 | 5.4965 | 5.6265 | 5.6888 |
| Fibonacci | 5.2532 | 5.3266 | 5.3720 | 5.4455 | 5.5189 | 5.5643 | 5.6378 |
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): | 35.39 | |
| MACD (12,26,9): | -0.0050 | |
| Directional Movement: | -14.3062 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 5.3865 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.3956 | |
| Elder Ray (13): | -0.0045 | |
| Super Trend (3,10): | 5.3983 | |
| Zig ZAG (10): | 5.3838 | |
| VORTEX (21): | 0.8534 | |
| Stochastique (14,3,5): | 18.53 | |
| TEMA (21): | 5.3824 | |
| Williams %R (14): | -80.43 | |
| Chande Momentum Oscillator (20): | -0.0220 | |
| Repulse (5,40,3): | -0.0523 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0076 | |
| Courbe Coppock: | 0.75 |
| MA7: | 5.3964 | |
| MA20: | 5.4275 | |
| MA50: | 5.5107 | |
| MA100: | 5.6162 | |
| MAexp7: | 5.3853 | |
| MAexp20: | 5.3920 | |
| MAexp50: | 5.3963 | |
| MAexp100: | 5.3978 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.81% | |
| Price / MA50: | -2.30% | |
| Price / MA100: | -4.14% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.26% |
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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