NZD/HKD
NZD HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDHKD
ISIN:

NZD/HKD - 1H - Technical analysis published on 07/12/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 4.8866 HKD
My targets
4.9594 HKD (+0.0249)
4.9898 HKD (+0.0553)
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 4.8866 HKD. The buyers' bullish objective is set at 4.9594 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.9898 HKD. If there is any crossing, the next objective would be the resistance located at 5.1025 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
8.9

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/HKD rating is 4.9345 HKD. The price registered an increase of +1.71% on the session with the lowest point at 4.8393 HKD and the highest point at 4.9345 HKD. The deviation from the price is +1.97% for the low point and 0% for the high point.

4.8393
4.9345
4.9345

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


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 market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4.7892 4.8275 4.8555 4.9345 4.9898 5.1025 5.2464
Change (%) -2.94% -2.17% -1.60% - +1.12% +3.40% +6.32%
Change -0.1453 -0.1070 -0.0790 - +0.0553 +0.1680 +0.3119
Level Major Major Major - Minor Major Intermediate



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
Standard4.78214.80464.82814.85064.87414.89664.9201
Camarilla4.83914.84334.84754.85174.85594.86014.8644
Woodie4.78274.80494.82874.85094.87474.89694.9207
Fibonacci4.80464.82214.83304.85064.86814.87904.8966


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.74104.76854.81384.84134.88664.91414.9594
Camarilla4.83904.84574.85234.85904.86574.87244.8790
Woodie4.74984.77304.82264.84584.89544.91864.9682
Fibonacci4.76854.79634.81354.84134.86914.88634.9141


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.51124.60194.70514.79584.89904.98975.0929
Camarilla4.75514.77294.79064.80844.82624.84404.8617
Woodie4.51764.60504.71154.79894.90544.99285.0993
Fibonacci4.60194.67594.72174.79584.86984.91564.9897

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): 75.39
MACD (12,26,9): 0.0161
Directional Movement: 28.1885
AROON (14): 28.5714
DEMA (21): 4.8965
Parabolic SAR (0,02-0,02-0,2): 4.8499
Elder Ray (13): 0.0394
Super Trend (3,10): 4.8797
Zig ZAG (10): 4.9322
VORTEX (21): 1.2430
Stochastique (14,3,5): 95.63
TEMA (21): 4.9091
Williams %R (14): -1.71
Chande Momentum Oscillator (20): 0.0556
Repulse (5,40,3): 0.8157
ROCnROLL: 1
TRIX (15,9): 0.0225
Courbe Coppock: 1.36
MA7: 4.8575
MA20: 4.8364
MA50: 4.8372
MA100: 4.8539
MAexp7: 4.9038
MAexp20: 4.8792
MAexp50: 4.8641
MAexp100: 4.8530
Price / MA7: +1.59%
Price / MA20: +2.03%
Price / MA50: +2.01%
Price / MA100: +1.66%
Price / MAexp7: +0.63%
Price / MAexp20: +1.13%
Price / MAexp50: +1.45%
Price / MAexp100: +1.68%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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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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