USD/HKD - 1H - Technical analysis published on 03/02/2023 (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:
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
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This analysis was given by nwbrown2. Take part yourself by sharing additional analysis on another time unit:
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.
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 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:
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:
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:
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
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8460 | 7.8470 | 7.8477 | 7.8487 | 7.8494 | 7.8504 | 7.8511 |
| Camarilla | 7.8478 | 7.8480 | 7.8481 | 7.8483 | 7.8485 | 7.8486 | 7.8488 |
| Woodie | 7.8458 | 7.8469 | 7.8475 | 7.8486 | 7.8492 | 7.8503 | 7.8509 |
| Fibonacci | 7.8470 | 7.8477 | 7.8481 | 7.8487 | 7.8494 | 7.8498 | 7.8504 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8037 | 7.8132 | 7.8306 | 7.8401 | 7.8575 | 7.8670 | 7.8844 |
| Camarilla | 7.8406 | 7.8431 | 7.8455 | 7.8480 | 7.8505 | 7.8529 | 7.8554 |
| Woodie | 7.8077 | 7.8152 | 7.8346 | 7.8421 | 7.8615 | 7.8690 | 7.8884 |
| Fibonacci | 7.8132 | 7.8235 | 7.8298 | 7.8401 | 7.8504 | 7.8567 | 7.8670 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8038 | 7.8132 | 7.8312 | 7.8406 | 7.8586 | 7.8680 | 7.8860 |
| Camarilla | 7.8416 | 7.8441 | 7.8466 | 7.8491 | 7.8516 | 7.8541 | 7.8566 |
| Woodie | 7.8080 | 7.8154 | 7.8354 | 7.8428 | 7.8628 | 7.8702 | 7.8902 |
| Fibonacci | 7.8132 | 7.8237 | 7.8302 | 7.8406 | 7.8511 | 7.8576 | 7.8680 |
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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