NZD/HKD - 1H - Technical analysis published on 08/04/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 4.9101 HKD and 4.9475 HKD
My targets
-
My analysis
The strong short-term increase on NZD/HKD is in contrast to the bearish trend. Buyers are trying to regain control of the asset and a reversal of the trend could be possible. It would be interesting to understand what caused such a rebound. Has an economic announcement impacting the basics been published? As long as the price remains above 4.9101 HKD, you could take advantage of the short-term boom. The first bullish objective would be 4.9475 HKD. Then the price could move towards 4.9863 HKD. Then 5.0940 HKD by extension. Attention should be paid to the reaction of the price on these resistances to see if the sellers show up. Be careful, a return below 4.9101 HKD could be a sign of a reversal of the bearish trend.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/HKD rating 4.9239 HKD. On the day, this instrument gained +0.10% with the lowest point at 4.9183 HKD and the highest point at 4.9246 HKD. The deviation from the price is +0.11% for the low point and -0.01% for the high point.4.9183
4.9246
4.9239
Here is a more detailed summary of the historical variations registered by NZD/HKD:
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 this 1H chart of NZD/HKD indicates that the overall trend is bearish. The signals given by the moving averages are at 64.29% bearish. This bearish trend could quickly slow down given the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
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 resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.8555 | 4.8819 | 4.9101 | 4.9239 | 4.9475 | 4.9863 | 5.0940 |
| Change (%) | -1.39% | -0.85% | -0.28% | - | +0.48% | +1.27% | +3.45% |
| Change | -0.0684 | -0.0420 | -0.0138 | - | +0.0236 | +0.0624 | +0.1701 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
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 | 4.8337 | 4.8553 | 4.8873 | 4.9089 | 4.9409 | 4.9625 | 4.9945 |
| Camarilla | 4.9045 | 4.9094 | 4.9143 | 4.9192 | 4.9241 | 4.9290 | 4.9339 |
| Woodie | 4.8388 | 4.8579 | 4.8924 | 4.9115 | 4.9460 | 4.9651 | 4.9996 |
| Fibonacci | 4.8553 | 4.8758 | 4.8885 | 4.9089 | 4.9294 | 4.9421 | 4.9625 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7703 | 4.8159 | 4.8771 | 4.9227 | 4.9839 | 5.0295 | 5.0907 |
| Camarilla | 4.9090 | 4.9188 | 4.9286 | 4.9384 | 4.9482 | 4.9580 | 4.9678 |
| Woodie | 4.7782 | 4.8198 | 4.8850 | 4.9266 | 4.9918 | 5.0334 | 5.0986 |
| Fibonacci | 4.8159 | 4.8567 | 4.8819 | 4.9227 | 4.9635 | 4.9887 | 5.0295 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5977 | 4.6777 | 4.8081 | 4.8881 | 5.0185 | 5.0985 | 5.2289 |
| Camarilla | 4.8805 | 4.8998 | 4.9191 | 4.9384 | 4.9577 | 4.9770 | 4.9963 |
| Woodie | 4.6228 | 4.6903 | 4.8332 | 4.9007 | 5.0436 | 5.1111 | 5.2540 |
| Fibonacci | 4.6777 | 4.7581 | 4.8078 | 4.8881 | 4.9685 | 5.0182 | 5.0985 |
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): | 52.86 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | -1.9873 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 4.9162 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.8894 | |
| Elder Ray (13): | 0.0033 | |
| Super Trend (3,10): | 4.8907 | |
| Zig ZAG (10): | 4.9223 | |
| VORTEX (21): | 1.0898 | |
| Stochastique (14,3,5): | 80.70 | |
| TEMA (21): | 4.9226 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.0097 | |
| Repulse (5,40,3): | 0.0884 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0044 | |
| Courbe Coppock: | 0.39 |
| MA7: | 4.9267 | |
| MA20: | 4.8807 | |
| MA50: | 4.9373 | |
| MA100: | 5.0754 | |
| MAexp7: | 4.9203 | |
| MAexp20: | 4.9163 | |
| MAexp50: | 4.9217 | |
| MAexp100: | 4.9254 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +0.89% | |
| Price / MA50: | -0.27% | |
| Price / MA100: | -2.98% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.04% | |
| 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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