NZD/HKD - 1H - Technical analysis published on 05/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 4.7113 HKD
My targets
4.7483 HKD (+0.0249)
4.7685 HKD (+0.0451)
My analysis
The bullish trend is currently very strong on NZD/HKD. As long as the price remains above the support at 4.7113 HKD, you could try to benefit from the boom. The first bullish objective is located at 4.7483 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.7685 HKD as an objective. Crossing it would then enable buyers to target 4.8555 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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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 4.7234 HKD. The price registered an increase of +0.08% on the session with the lowest point at 4.7189 HKD and the highest point at 4.7242 HKD. The deviation from the price is +0.10% for the low point and -0.02% for the high point.4.7189
4.7242
4.7234
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/HKD in 1H shows a strongly overall 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 scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 4.6851 | 4.6955 | 4.7113 | 4.7234 | 4.7251 | 4.7483 | 4.8555 |
| Change (%) | -0.81% | -0.59% | -0.26% | - | +0.04% | +0.53% | +2.80% |
| Change | -0.0383 | -0.0279 | -0.0121 | - | +0.0017 | +0.0249 | +0.1321 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Major |
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 | 4.6572 | 4.6703 | 4.6950 | 4.7081 | 4.7328 | 4.7459 | 4.7706 |
| Camarilla | 4.7094 | 4.7129 | 4.7163 | 4.7198 | 4.7233 | 4.7267 | 4.7302 |
| Woodie | 4.6631 | 4.6732 | 4.7009 | 4.7110 | 4.7387 | 4.7488 | 4.7765 |
| Fibonacci | 4.6703 | 4.6847 | 4.6936 | 4.7081 | 4.7225 | 4.7314 | 4.7459 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6350 | 4.6553 | 4.6795 | 4.6998 | 4.7240 | 4.7443 | 4.7685 |
| Camarilla | 4.6916 | 4.6956 | 4.6997 | 4.7038 | 4.7079 | 4.7120 | 4.7160 |
| Woodie | 4.6371 | 4.6563 | 4.6816 | 4.7008 | 4.7261 | 4.7453 | 4.7706 |
| Fibonacci | 4.6553 | 4.6723 | 4.6828 | 4.6998 | 4.7168 | 4.7273 | 4.7443 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3514 | 4.4672 | 4.5329 | 4.6487 | 4.7144 | 4.8302 | 4.8959 |
| Camarilla | 4.5487 | 4.5653 | 4.5820 | 4.5986 | 4.6152 | 4.6319 | 4.6485 |
| Woodie | 4.3264 | 4.4547 | 4.5079 | 4.6362 | 4.6894 | 4.8177 | 4.8709 |
| Fibonacci | 4.4672 | 4.5365 | 4.5794 | 4.6487 | 4.7180 | 4.7609 | 4.8302 |
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): | 70.62 | |
| MACD (12,26,9): | 0.0048 | |
| Directional Movement: | 1.4145 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 4.7194 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.7007 | |
| Elder Ray (13): | 0.0050 | |
| Super Trend (3,10): | 4.7057 | |
| Zig ZAG (10): | 4.7218 | |
| VORTEX (21): | 1.1773 | |
| Stochastique (14,3,5): | 97.00 | |
| TEMA (21): | 4.7224 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0189 | |
| Repulse (5,40,3): | 0.1980 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0126 | |
| Courbe Coppock: | 0.61 |
| MA7: | 4.7075 | |
| MA20: | 4.6696 | |
| MA50: | 4.6998 | |
| MA100: | 4.7565 | |
| MAexp7: | 4.7191 | |
| MAexp20: | 4.7132 | |
| MAexp50: | 4.7076 | |
| MAexp100: | 4.7018 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +1.15% | |
| Price / MA50: | +0.50% | |
| Price / MA100: | -0.70% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.46% |
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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