USD/HKD - 1H - Technical analysis published on 04/06/2023 (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
28%
22%
50%
My opinion
Bullish above 7.8490 HKD
My targets
7.8508 HKD (+0.0011)
7.8519 HKD (+0.0022)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 7.8490 HKD remains possible. It is advisable to trade USD/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 7.8490 HKD. The next bullish objective for buyers is set at 7.8508 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.8519 HKD. If there is any crossing, the next objective would be the resistance located at 7.8537 HKD. PS: if there is a bearish break in the support located at 7.8490 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 are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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Additional analysis
Quotes
The USD/HKD rating is 7.8497 HKD. The price has increased by +0.00% since the last closing with the lowest point at 7.8496 HKD and the highest point at 7.8499 HKD. The deviation from the price is +0.00% for the low point and +0.00% for the high point.7.8496
7.8499
7.8497
Here is a more detailed summary of the historical variations registered by USD/HKD:
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. 67.86% 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 7.8471 | 7.8490 | 7.8496 | 7.8497 | 7.8500 |
| Change (%) | -0.03% | -0.01% | +0.00% | - | +0.00% |
| Change | -0.0026 | -0.0007 | -0.0001 | - | +0.0003 |
| 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 | 7.8485 | 7.8489 | 7.8493 | 7.8497 | 7.8501 | 7.8505 | 7.8509 |
| Camarilla | 7.8496 | 7.8497 | 7.8497 | 7.8498 | 7.8499 | 7.8500 | 7.8500 |
| Woodie | 7.8486 | 7.8489 | 7.8494 | 7.8497 | 7.8502 | 7.8505 | 7.8510 |
| Fibonacci | 7.8489 | 7.8492 | 7.8494 | 7.8497 | 7.8500 | 7.8502 | 7.8505 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8450 | 7.8461 | 7.8479 | 7.8490 | 7.8508 | 7.8519 | 7.8537 |
| Camarilla | 7.8490 | 7.8493 | 7.8495 | 7.8498 | 7.8501 | 7.8503 | 7.8506 |
| Woodie | 7.8455 | 7.8463 | 7.8484 | 7.8492 | 7.8513 | 7.8521 | 7.8542 |
| Fibonacci | 7.8461 | 7.8472 | 7.8479 | 7.8490 | 7.8501 | 7.8508 | 7.8519 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8253 | 7.8303 | 7.8401 | 7.8451 | 7.8549 | 7.8599 | 7.8697 |
| Camarilla | 7.8457 | 7.8471 | 7.8484 | 7.8498 | 7.8512 | 7.8525 | 7.8539 |
| Woodie | 7.8276 | 7.8315 | 7.8424 | 7.8463 | 7.8572 | 7.8611 | 7.8720 |
| Fibonacci | 7.8303 | 7.8360 | 7.8395 | 7.8451 | 7.8508 | 7.8543 | 7.8599 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.77 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -4.8021 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 7.8498 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.8499 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 7.8487 | |
| Zig ZAG (10): | 7.8498 | |
| VORTEX (21): | 1.0256 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 7.8497 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | 0.0025 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0001 | |
| Courbe Coppock: | 0.00 |
| MA7: | 7.8493 | |
| MA20: | 7.8482 | |
| MA50: | 7.8468 | |
| MA100: | 7.8251 | |
| MAexp7: | 7.8498 | |
| MAexp20: | 7.8497 | |
| MAexp50: | 7.8497 | |
| MAexp100: | 7.8496 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +0.04% | |
| Price / MA100: | +0.31% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +0.00% |
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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