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 06/14/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 7.8328 HKD
My targets
7.8164 HKD (-0.0144)
7.7947 HKD (-0.0361)
My analysis
USD/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 7.8328 HKD. The next support located at 7.8164 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 7.7947 HKD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
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:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/HKD rating is 7.8308 HKD. The price is lower by -0.03% since the last closing and was between 7.8299 HKD and 7.8336 HKD. This implies that the price is at +0.01% from its lowest and at -0.04% from its highest.

7.8299
7.8336
7.8308

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 HIGH record (1st january)

Type : Bullish

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 sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.8164 7.8295 7.8308 7.8308 7.8328 7.8345 7.8363
Change (%) -0.18% -0.02% 0% - +0.03% +0.05% +0.07%
Change -0.0144 -0.0013 0 - +0.0020 +0.0037 +0.0055
Level Major Major Minor - Major Minor Intermediate



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
Standard7.82797.83017.83187.83407.83577.83797.8396
Camarilla7.83237.83277.83307.83347.83387.83417.8345
Woodie7.82767.83007.83157.83397.83547.83787.8393
Fibonacci7.83017.83167.83257.83407.83557.83647.8379


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.82217.82757.83347.83887.84477.85017.8560
Camarilla7.83637.83737.83847.83947.84047.84157.8425
Woodie7.82257.82767.83387.83897.84517.85027.8564
Fibonacci7.82757.83187.83457.83887.84317.84587.8501


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.76517.78587.80867.82937.85217.87287.8956
Camarilla7.81937.82337.82737.83137.83537.83937.8433
Woodie7.76617.78637.80967.82987.85317.87337.8966
Fibonacci7.78587.80257.81277.82937.84607.85627.8728

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): 37.50
MACD (12,26,9): -0.0008
Directional Movement: -9.8204
AROON (14): -14.2857
DEMA (21): 7.8308
Parabolic SAR (0,02-0,02-0,2): 7.8327
Elder Ray (13): -0.0005
Super Trend (3,10): 7.8344
Zig ZAG (10): 7.8308
VORTEX (21): 0.9200
Stochastique (14,3,5): 28.03
TEMA (21): 7.8306
Williams %R (14): -77.27
Chande Momentum Oscillator (20): -0.0013
Repulse (5,40,3): 0.0009
ROCnROLL: 2
TRIX (15,9): -0.0015
Courbe Coppock: 0.06
MA7: 7.8369
MA20: 7.8333
MA50: 7.8411
MA100: 7.8437
MAexp7: 7.8311
MAexp20: 7.8319
MAexp50: 7.8334
MAexp100: 7.8348
Price / MA7: -0.08%
Price / MA20: -0.03%
Price / MA50: -0.13%
Price / MA100: -0.16%
Price / MAexp7: +0.00%
Price / MAexp20: -0.01%
Price / MAexp50: -0.03%
Price / MAexp100: -0.05%

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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