NZD/HKD - 1H - Technical analysis published on 09/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 4.8844 HKD
My targets
4.9577 HKD (+0.0352)
4.9834 HKD (+0.0609)
My analysis
The bullish trend is currently very strong on NZD/HKD. As long as the price remains above the support at 4.8844 HKD, you could try to benefit from the boom. The first bullish objective is located at 4.9577 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.9834 HKD as an objective. Crossing it would then enable buyers to target 5.1040 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
7.3
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:
Additional analysis
Quotes
The NZD/HKD rating is 4.9225 HKD. The price registered an increase of +1.06% on the session with the lowest point at 4.8668 HKD and the highest point at 4.9256 HKD. The deviation from the price is +1.14% for the low point and -0.06% for the high point.4.8668
4.9256
4.9225
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/HKD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 4.8724 | 4.8844 | 4.9225 | 4.9230 | 4.9577 | 5.1040 |
| Change (%) | -1.36% | -1.02% | -0.77% | - | +0.01% | +0.72% | +3.69% |
| Change | -0.0670 | -0.0501 | -0.0381 | - | +0.0005 | +0.0352 | +0.1815 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Major |
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 | 4.7675 | 4.8187 | 4.8448 | 4.8960 | 4.9221 | 4.9733 | 4.9994 |
| Camarilla | 4.8496 | 4.8567 | 4.8638 | 4.8709 | 4.8780 | 4.8851 | 4.8922 |
| Woodie | 4.7550 | 4.8124 | 4.8323 | 4.8897 | 4.9096 | 4.9670 | 4.9869 |
| Fibonacci | 4.8187 | 4.8482 | 4.8665 | 4.8960 | 4.9255 | 4.9438 | 4.9733 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.7236 | 4.7611 | 4.8102 | 4.8477 | 4.8968 | 4.9343 | 4.9834 |
| Camarilla | 4.8356 | 4.8435 | 4.8515 | 4.8594 | 4.8673 | 4.8753 | 4.8832 |
| Woodie | 4.7295 | 4.7640 | 4.8161 | 4.8506 | 4.9027 | 4.9372 | 4.9893 |
| Fibonacci | 4.7611 | 4.7942 | 4.8146 | 4.8477 | 4.8808 | 4.9012 | 4.9343 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.2794 | 4.4139 | 4.6430 | 4.7775 | 5.0066 | 5.1411 | 5.3702 |
| Camarilla | 4.7721 | 4.8054 | 4.8388 | 4.8721 | 4.9054 | 4.9388 | 4.9721 |
| Woodie | 4.3267 | 4.4376 | 4.6903 | 4.8012 | 5.0539 | 5.1648 | 5.4175 |
| Fibonacci | 4.4139 | 4.5528 | 4.6386 | 4.7775 | 4.9164 | 5.0022 | 5.1411 |
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): | 65.92 | |
| MACD (12,26,9): | 0.0075 | |
| Directional Movement: | 12.0050 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 4.9150 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.9140 | |
| Elder Ray (13): | 0.0093 | |
| Super Trend (3,10): | 4.8946 | |
| Zig ZAG (10): | 4.9226 | |
| VORTEX (21): | 1.2490 | |
| Stochastique (14,3,5): | 91.76 | |
| TEMA (21): | 4.9233 | |
| Williams %R (14): | -7.71 | |
| Chande Momentum Oscillator (20): | 0.0344 | |
| Repulse (5,40,3): | 0.1206 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0108 | |
| Courbe Coppock: | 1.43 |
| MA7: | 4.8824 | |
| MA20: | 4.8433 | |
| MA50: | 4.7621 | |
| MA100: | 4.7688 | |
| MAexp7: | 4.9181 | |
| MAexp20: | 4.9073 | |
| MAexp50: | 4.9013 | |
| MAexp100: | 4.8918 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | +1.64% | |
| Price / MA50: | +3.37% | |
| Price / MA100: | +3.22% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.63% |
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.
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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