NZD/HKD - 1H - Technical analysis published on 03/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 4.9054 HKD
My targets
4.9677 HKD (+0.0540)
5.0175 HKD (+0.1038)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/HKD as long as the price remains well above 4.9054 HKD. The buyers' bullish objective is set at 4.9677 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5.0175 HKD. If there is any crossing, the next objective would be the resistance located at 5.3176 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/HKD price is 4.9137 HKD. On the day, this instrument gained +1.20% and was between 4.8398 HKD and 4.9257 HKD. This implies that the price is at +1.53% from its lowest and at -0.24% from its highest.4.8398
4.9257
4.9137
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 NZD/HKD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
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:
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 | 4.8588 | 4.8672 | 4.9054 | 4.9137 | 5.0175 | 5.3176 | 5.4578 |
| Change (%) | -1.12% | -0.95% | -0.17% | - | +2.11% | +8.22% | +11.07% |
| Change | -0.0549 | -0.0465 | -0.0083 | - | +0.1038 | +0.4039 | +0.5441 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | 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 | 4.7626 | 4.7882 | 4.8218 | 4.8474 | 4.8810 | 4.9066 | 4.9402 |
| Camarilla | 4.8392 | 4.8447 | 4.8501 | 4.8555 | 4.8609 | 4.8664 | 4.8718 |
| Woodie | 4.7667 | 4.7902 | 4.8259 | 4.8494 | 4.8851 | 4.9086 | 4.9443 |
| Fibonacci | 4.7882 | 4.8108 | 4.8248 | 4.8474 | 4.8700 | 4.8840 | 4.9066 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7286 | 4.7782 | 4.8083 | 4.8579 | 4.8880 | 4.9376 | 4.9677 |
| Camarilla | 4.8164 | 4.8237 | 4.8310 | 4.8383 | 4.8456 | 4.8529 | 4.8602 |
| Woodie | 4.7188 | 4.7733 | 4.7985 | 4.8530 | 4.8782 | 4.9327 | 4.9579 |
| Fibonacci | 4.7782 | 4.8087 | 4.8275 | 4.8579 | 4.8884 | 4.9072 | 4.9376 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.4188 | 4.6148 | 4.7351 | 4.9311 | 5.0514 | 5.2474 | 5.3677 |
| Camarilla | 4.7685 | 4.7975 | 4.8265 | 4.8555 | 4.8845 | 4.9135 | 4.9425 |
| Woodie | 4.3811 | 4.5959 | 4.6974 | 4.9122 | 5.0137 | 5.2285 | 5.3300 |
| Fibonacci | 4.6148 | 4.7356 | 4.8102 | 4.9311 | 5.0519 | 5.1265 | 5.2474 |
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): | 64.14 | |
| MACD (12,26,9): | 0.0168 | |
| Directional Movement: | 2.3677 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 4.9132 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9249 | |
| Elder Ray (13): | 0.0058 | |
| Super Trend (3,10): | 4.8882 | |
| Zig ZAG (10): | 4.9059 | |
| VORTEX (21): | 1.1743 | |
| Stochastique (14,3,5): | 74.80 | |
| TEMA (21): | 4.9204 | |
| Williams %R (14): | -30.43 | |
| Chande Momentum Oscillator (20): | 0.0334 | |
| Repulse (5,40,3): | 0.0754 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0492 | |
| Courbe Coppock: | 2.13 |
| MA7: | 4.8693 | |
| MA20: | 4.9253 | |
| MA50: | 4.9624 | |
| MA100: | 4.8552 | |
| MAexp7: | 4.9079 | |
| MAexp20: | 4.8916 | |
| MAexp50: | 4.8707 | |
| MAexp100: | 4.8659 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | -0.24% | |
| Price / MA50: | -0.98% | |
| Price / MA100: | +1.20% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.45% | |
| Price / MAexp50: | +0.88% | |
| Price / MAexp100: | +0.98% |
Quotes :
-
Real time data
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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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