USD/HKD
USD HKD
- HKD (-)
- Real time data - Forex
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High / Low range: -
Type: Forex
Ticker: USDHKD
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USD/HKD - 1H - Technical analysis published on 07/03/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 7.8314 HKD
My targets
7.8500 HKD (+0.0141)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on USD/HKD as long as the price remains well above 7.8314 HKD. The buyers' bullish objective is set at 7.8500 HKD. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

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 price is 7.8359 HKD. The price registered a decrease of -0.01% on the session and was between 7.8313 HKD and 7.8379 HKD. This implies that the price is at +0.06% from its lowest and at -0.03% from its highest.

7.8313
7.8379
7.8359

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/HKD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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


Technical analysis of USD/HKD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



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 found this result concerning these indicators:

Central Indicators

RSI indicator is back over 50

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



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 7.8295 7.8314 7.8338 7.8359 7.8376 7.8500
Change (%) -0.08% -0.06% -0.03% - +0.02% +0.18%
Change -0.0064 -0.0045 -0.0021 - +0.0017 +0.0141
Level Major Intermediate Intermediate - Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.82917.83157.83397.83637.83877.84117.8435
Camarilla7.83517.83557.83607.83647.83687.83737.8377
Woodie7.82927.83157.83407.83637.83887.84117.8436
Fibonacci7.83157.83337.83447.83637.83817.83927.8411


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.81587.82097.82867.83377.84147.84657.8542
Camarilla7.83297.83417.83527.83647.83767.83887.8399
Woodie7.81727.82167.83007.83447.84287.84727.8556
Fibonacci7.82097.82587.82887.83377.83867.84167.8465


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.78687.79987.81817.83117.84947.86247.8807
Camarilla7.82787.83077.83357.83647.83937.84217.8450
Woodie7.78957.80117.82087.83247.85217.86377.8834
Fibonacci7.79987.81187.81917.83117.84317.85047.8624

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): 51.31
MACD (12,26,9): -0.0005
Directional Movement: -6.6149
AROON (14): -28.5715
DEMA (21): 7.8343
Parabolic SAR (0,02-0,02-0,2): 7.8357
Elder Ray (13): 0.0004
Super Trend (3,10): 7.8381
Zig ZAG (10): 7.8354
VORTEX (21): 0.9642
Stochastique (14,3,5): 52.02
TEMA (21): 7.8339
Williams %R (14): -37.88
Chande Momentum Oscillator (20): -0.0015
Repulse (5,40,3): 0.0251
ROCnROLL: 1
TRIX (15,9): -0.0010
Courbe Coppock: 0.06
MA7: 7.8338
MA20: 7.8319
MA50: 7.8359
MA100: 7.8420
MAexp7: 7.8345
MAexp20: 7.8349
MAexp50: 7.8352
MAexp100: 7.8342
Price / MA7: +0.03%
Price / MA20: +0.05%
Price / MA50: -0%
Price / MA100: -0.08%
Price / MAexp7: +0.02%
Price / MAexp20: +0.01%
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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