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

USD/HKD - 1H - Technical analysis published on 03/17/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 7.8473 HKD
My targets
7.8498 HKD (+0.0006)
7.8524 HKD (+0.0032)
My analysis
With a bullish background trend, the price of USD/HKD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 7.8473 HKD. A bullish break in the resistance located at 7.8498 HKD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 7.8524 HKD. Then 7.8547 HKD by extension. It would be safer to wait for a bullish break in the resistance located at 7.8498 HKD before allowing yourself to re trade long positions (at purchase) on USD/HKD. PS: if there is a bearish break in the support located at 7.8473 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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
2

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.

Londinia
This analysis was given by Londinia. 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 has increased by +0.00% since the last closing and was traded between 7.8487 HKD and 7.8499 HKD over the period. The price is currently at +0.01% from its lowest and -0.01% from its highest.

7.8487
7.8499
7.8492

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/HKD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, only 7 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 7.8420 7.8473 7.8489 7.8492 7.8500
Change (%) -0.09% -0.02% +0.00% - +0.01%
Change -0.0072 -0.0019 -0.0003 - +0.0008
Level Minor Intermediate Major - 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
Standard7.84527.84627.84797.84897.85067.85167.8533
Camarilla7.84887.84907.84937.84957.84987.85007.8502
Woodie7.84557.84647.84827.84917.85097.85187.8536
Fibonacci7.84627.84737.84797.84897.85007.85067.8516


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.84007.84267.84497.84757.84987.85247.8547
Camarilla7.84587.84627.84677.84717.84767.84807.8485
Woodie7.83987.84257.84477.84747.84967.85237.8545
Fibonacci7.84267.84457.84577.84757.84947.85067.8524


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 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): 45.18
MACD (12,26,9): 0.0001
Directional Movement: -10.5152
AROON (14): -50.0000
DEMA (21): 7.8497
Parabolic SAR (0,02-0,02-0,2): 7.8500
Elder Ray (13): -0.0005
Super Trend (3,10): 7.8482
Zig ZAG (10): 7.8495
VORTEX (21): 0.9352
Stochastique (14,3,5): 68.52
TEMA (21): 7.8497
Williams %R (14): -16.67
Chande Momentum Oscillator (20): 0.0005
Repulse (5,40,3): 0.0095
ROCnROLL: 1
TRIX (15,9): 0.0002
Courbe Coppock: 0.00
MA7: 7.8482
MA20: 7.8473
MA50: 7.8388
MA100: 7.8242
MAexp7: 7.8496
MAexp20: 7.8496
MAexp50: 7.8492
MAexp100: 7.8487
Price / MA7: +0.01%
Price / MA20: +0.02%
Price / MA50: +0.13%
Price / MA100: +0.32%
Price / MAexp7: +0.00%
Price / MAexp20: +0.00%
Price / MAexp50: +0.00%
Price / MAexp100: +0.01%

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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