USD/HKD
USD HKD
- HKD (-)
- Real time data - Forex
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Type: Forex
Ticker: USDHKD
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USD/HKD - 1H - Technical analysis published on 03/02/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 7.8430 HKD
My targets
7.8575 HKD (+0.0083)
7.8670 HKD (+0.0178)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/HKD. As long as you are above the support located at 7.8430 HKD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 7.8575 HKD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 7.8670 HKD as an objective. Crossing it would then enable buyers to target 7.8844 HKD. If the support 7.8430 HKD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.9

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 nwbrown2. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/HKD rating 7.8492 HKD. The price registered an increase of +0.01% on the session and was traded between 7.8482 HKD and 7.8495 HKD over the period. The price is currently at +0.01% from its lowest and +0.00% from its highest.

7.8482
7.8495
7.8492

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/HKD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 6 are bullish, 8 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 7.8295 7.8430 7.8457 7.8492 7.8500
Change (%) -0.25% -0.08% -0.04% - +0.01%
Change -0.0197 -0.0062 -0.0035 - +0.0008
Level Minor Intermediate Intermediate - Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.84607.84707.84777.84877.84947.85047.8511
Camarilla7.84787.84807.84817.84837.84857.84867.8488
Woodie7.84587.84697.84757.84867.84927.85037.8509
Fibonacci7.84707.84777.84817.84877.84947.84987.8504


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.80377.81327.83067.84017.85757.86707.8844
Camarilla7.84067.84317.84557.84807.85057.85297.8554
Woodie7.80777.81527.83467.84217.86157.86907.8884
Fibonacci7.81327.82357.82987.84017.85047.85677.8670


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.80387.81327.83127.84067.85867.86807.8860
Camarilla7.84167.84417.84667.84917.85167.85417.8566
Woodie7.80807.81547.83547.84287.86287.87027.8902
Fibonacci7.81327.82377.83027.84067.85117.85767.8680

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): 50.88
MACD (12,26,9): 0.0000
Directional Movement: -1.6130
AROON (14): -14.2857
DEMA (21): 7.8493
Parabolic SAR (0,02-0,02-0,2): 7.8497
Elder Ray (13): -0.0001
Super Trend (3,10): 7.8481
Zig ZAG (10): 7.8491
VORTEX (21): 0.9643
Stochastique (14,3,5): 41.18
TEMA (21): 7.8489
Williams %R (14): -41.18
Chande Momentum Oscillator (20): -0.0004
Repulse (5,40,3): -0.0005
ROCnROLL: -1
TRIX (15,9): 0.0002
Courbe Coppock: 0.01
MA7: 7.8474
MA20: 7.8470
MA50: 7.8293
MA100: 7.8243
MAexp7: 7.8490
MAexp20: 7.8492
MAexp50: 7.8488
MAexp100: 7.8480
Price / MA7: +0.02%
Price / MA20: +0.03%
Price / MA50: +0.25%
Price / MA100: +0.32%
Price / MAexp7: +0.00%
Price / MAexp20: -0%
Price / MAexp50: +0.01%
Price / MAexp100: +0.02%

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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