NZD/HKD - 1H - Technical analysis published on 05/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 4.9055 HKD
My targets
4.9584 HKD (+0.0390)
4.9735 HKD (+0.0541)
My analysis
NZD/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.9055 HKD. The next resistance located at 4.9584 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4.9735 HKD. After this resistance, buyers could then target 5.1040 HKD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
9.1
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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 4.9194 HKD. On the day, this instrument gained +0.96% and was between 4.8719 HKD and 4.9230 HKD. This implies that the price is at +0.97% from its lowest and at -0.07% from its highest.4.8719
4.9230
4.9194
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 HIGH record (1 year)
Type : Bullish
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
Technical analysis of this 1H chart of NZD/HKD indicates that the overall trend is strongly bullish. 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 17 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.8669 | 4.8795 | 4.9055 | 4.9194 | 4.9584 | 5.1040 | 5.4578 |
| Change (%) | -1.07% | -0.81% | -0.28% | - | +0.79% | +3.75% | +10.94% |
| Change | -0.0525 | -0.0399 | -0.0139 | - | +0.0390 | +0.1846 | +0.5384 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | 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 | 4.8165 | 4.8443 | 4.8585 | 4.8863 | 4.9005 | 4.9283 | 4.9425 |
| Camarilla | 4.8613 | 4.8651 | 4.8690 | 4.8728 | 4.8767 | 4.8805 | 4.8844 |
| Woodie | 4.8098 | 4.8409 | 4.8518 | 4.8829 | 4.8938 | 4.9249 | 4.9358 |
| Fibonacci | 4.8443 | 4.8603 | 4.8702 | 4.8863 | 4.9023 | 4.9122 | 4.9283 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7558 | 4.7768 | 4.8147 | 4.8357 | 4.8736 | 4.8946 | 4.9325 |
| Camarilla | 4.8364 | 4.8418 | 4.8472 | 4.8526 | 4.8580 | 4.8634 | 4.8688 |
| Woodie | 4.7643 | 4.7810 | 4.8232 | 4.8399 | 4.8821 | 4.8988 | 4.9410 |
| Fibonacci | 4.7768 | 4.7993 | 4.8132 | 4.8357 | 4.8582 | 4.8721 | 4.8946 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.5561 | 4.6769 | 4.7648 | 4.8856 | 4.9735 | 5.0943 | 5.1822 |
| Camarilla | 4.7952 | 4.8143 | 4.8335 | 4.8526 | 4.8717 | 4.8909 | 4.9100 |
| Woodie | 4.5396 | 4.6687 | 4.7483 | 4.8774 | 4.9570 | 5.0861 | 5.1657 |
| Fibonacci | 4.6769 | 4.7567 | 4.8059 | 4.8856 | 4.9654 | 5.0146 | 5.0943 |
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): | 66.00 | |
| MACD (12,26,9): | 0.0061 | |
| Directional Movement: | 20.7576 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 4.9059 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.8813 | |
| Elder Ray (13): | 0.0150 | |
| Super Trend (3,10): | 4.8851 | |
| Zig ZAG (10): | 4.9186 | |
| VORTEX (21): | 1.1077 | |
| Stochastique (14,3,5): | 89.89 | |
| TEMA (21): | 4.9072 | |
| Williams %R (14): | -7.05 | |
| Chande Momentum Oscillator (20): | 0.0466 | |
| Repulse (5,40,3): | 0.4149 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0125 | |
| Courbe Coppock: | 0.69 |
| MA7: | 4.8569 | |
| MA20: | 4.8628 | |
| MA50: | 4.8713 | |
| MA100: | 4.9200 | |
| MAexp7: | 4.9059 | |
| MAexp20: | 4.8982 | |
| MAexp50: | 4.8869 | |
| MAexp100: | 4.8719 | |
| Price / MA7: | +1.29% | |
| Price / MA20: | +1.16% | |
| Price / MA50: | +0.99% | |
| Price / MA100: | -0.01% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +0.67% | |
| Price / MAexp100: | +0.97% |
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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