CAD/HKD - 1H - Technical analysis published on 01/13/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Bullish above 5.3913 HKD
My targets
5.4093 HKD (+0.0070)
5.4217 HKD (+0.0194)
My analysis
The strong short-term increase in CAD/HKD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 5.3913 HKD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 5.4093 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.4217 HKD as an objective. Crossing it would then enable buyers to target 5.4319 HKD. Caution, a return under 5.3913 HKD could jeopardize the reversal.
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
2.3
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/HKD price is 5.4023 HKD. The price registered an increase of +0.04% on the session and was traded between 5.3890 HKD and 5.4097 HKD over the period. The price is currently at +0.25% from its lowest and -0.14% from its highest.5.3890
5.4097
5.4023
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 (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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/HKD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
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 | 5.3847 | 5.3913 | 5.3987 | 5.4023 | 5.4093 | 5.4217 | 5.4319 |
| Change (%) | -0.33% | -0.20% | -0.07% | - | +0.13% | +0.36% | +0.55% |
| Change | -0.0176 | -0.0110 | -0.0036 | - | +0.0070 | +0.0194 | +0.0296 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | 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 | 5.3642 | 5.3778 | 5.3889 | 5.4025 | 5.4136 | 5.4272 | 5.4383 |
| Camarilla | 5.3933 | 5.3956 | 5.3978 | 5.4001 | 5.4024 | 5.4046 | 5.4069 |
| Woodie | 5.3631 | 5.3772 | 5.3878 | 5.4019 | 5.4125 | 5.4266 | 5.4372 |
| Fibonacci | 5.3778 | 5.3872 | 5.3930 | 5.4025 | 5.4119 | 5.4177 | 5.4272 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.3125 | 5.3474 | 5.3738 | 5.4087 | 5.4351 | 5.4700 | 5.4964 |
| Camarilla | 5.3832 | 5.3889 | 5.3945 | 5.4001 | 5.4057 | 5.4113 | 5.4170 |
| Woodie | 5.3082 | 5.3453 | 5.3695 | 5.4066 | 5.4308 | 5.4679 | 5.4921 |
| Fibonacci | 5.3474 | 5.3709 | 5.3853 | 5.4087 | 5.4322 | 5.4466 | 5.4700 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.89 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 6.1195 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 5.3992 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.3930 | |
| Elder Ray (13): | 0.0017 | |
| Super Trend (3,10): | 5.3894 | |
| Zig ZAG (10): | 5.4012 | |
| VORTEX (21): | 1.0271 | |
| Stochastique (14,3,5): | 56.52 | |
| TEMA (21): | 5.4009 | |
| Williams %R (14): | -45.41 | |
| Chande Momentum Oscillator (20): | 0.0072 | |
| Repulse (5,40,3): | -0.0188 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0018 | |
| Courbe Coppock: | 0.17 |
| MA7: | 5.4048 | |
| MA20: | 5.4085 | |
| MA50: | 5.4929 | |
| MA100: | 5.6006 | |
| MAexp7: | 5.4007 | |
| MAexp20: | 5.3993 | |
| MAexp50: | 5.4010 | |
| MAexp100: | 5.4037 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | -1.65% | |
| Price / MA100: | -3.54% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -0.03% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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