CAD/HKD - 1H - Technical analysis published on 01/22/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 5.4217 HKD
My targets
5.4440 HKD (+0.0164)
5.4547 HKD (+0.0271)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/HKD. As long as you are above the support located at 5.4217 HKD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 5.4440 HKD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 5.4547 HKD as an objective. Crossing it would then enable buyers to target 5.5761 HKD. If the support 5.4217 HKD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
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.
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Additional analysis
Quotes
The CAD/HKD rating is 5.4276 HKD. The price registered a decrease of -0.02% on the session with the lowest point at 5.4266 HKD and the highest point at 5.4451 HKD. The deviation from the price is +0.02% for the low point and -0.32% for the high point.5.4266
5.4451
5.4276
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CAD/HKD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.3891 | 5.4030 | 5.4217 | 5.4276 | 5.4440 | 5.4547 | 5.5761 |
| Change (%) | -0.71% | -0.45% | -0.11% | - | +0.30% | +0.50% | +2.74% |
| Change | -0.0385 | -0.0246 | -0.0059 | - | +0.0164 | +0.0271 | +0.1485 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | 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 | 5.2945 | 5.3278 | 5.3783 | 5.4116 | 5.4621 | 5.4954 | 5.5459 |
| Camarilla | 5.4059 | 5.4135 | 5.4212 | 5.4289 | 5.4366 | 5.4443 | 5.4520 |
| Woodie | 5.3032 | 5.3321 | 5.3870 | 5.4159 | 5.4708 | 5.4997 | 5.5546 |
| Fibonacci | 5.3278 | 5.3598 | 5.3796 | 5.4116 | 5.4436 | 5.4634 | 5.4954 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.2854 | 5.3301 | 5.3544 | 5.3991 | 5.4234 | 5.4681 | 5.4924 |
| Camarilla | 5.3596 | 5.3660 | 5.3723 | 5.3786 | 5.3849 | 5.3913 | 5.3976 |
| Woodie | 5.2751 | 5.3250 | 5.3441 | 5.3940 | 5.4131 | 5.4630 | 5.4821 |
| Fibonacci | 5.3301 | 5.3565 | 5.3728 | 5.3991 | 5.4255 | 5.4418 | 5.4681 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.98 | |
| MACD (12,26,9): | 0.0051 | |
| Directional Movement: | 1.9050 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 5.4368 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.4241 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 5.4175 | |
| Zig ZAG (10): | 5.4301 | |
| VORTEX (21): | 1.1034 | |
| Stochastique (14,3,5): | 27.25 | |
| TEMA (21): | 5.4363 | |
| Williams %R (14): | -81.62 | |
| Chande Momentum Oscillator (20): | -0.0029 | |
| Repulse (5,40,3): | -0.1692 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0175 | |
| Courbe Coppock: | 0.03 |
| MA7: | 5.4210 | |
| MA20: | 5.4101 | |
| MA50: | 5.4694 | |
| MA100: | 5.5755 | |
| MAexp7: | 5.4320 | |
| MAexp20: | 5.4295 | |
| MAexp50: | 5.4204 | |
| MAexp100: | 5.4152 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | +0.32% | |
| Price / MA50: | -0.76% | |
| Price / MA100: | -2.65% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.23% |
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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