USD/HKD - Daily - Technical analysis published on 08/31/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 7.8295 HKD
My targets
7.8539 HKD (+0.0081)
7.8699 HKD (+0.0241)
My analysis
USD/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7.8295 HKD. The next resistance located at 7.8539 HKD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7.8699 HKD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/HKD rating is 7.8458 HKD. The price has increased by +0.00% since the last closing with the lowest point at 7.8439 HKD and the highest point at 7.8470 HKD. The deviation from the price is +0.02% for the low point and -0.02% for the high point.7.8439
7.8470
7.8458
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/HKD in Daily shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 7.8166 | 7.8295 | 7.8376 | 7.8458 | 7.8500 |
| Change (%) | -0.37% | -0.21% | -0.10% | - | +0.05% |
| Change | -0.0292 | -0.0163 | -0.0082 | - | +0.0042 |
| Level | Intermediate | Minor | Intermediate | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8393 | 7.8414 | 7.8437 | 7.8458 | 7.8481 | 7.8502 | 7.8525 |
| Camarilla | 7.8448 | 7.8452 | 7.8456 | 7.8460 | 7.8464 | 7.8468 | 7.8472 |
| Woodie | 7.8394 | 7.8415 | 7.8438 | 7.8459 | 7.8482 | 7.8503 | 7.8526 |
| Fibonacci | 7.8414 | 7.8431 | 7.8441 | 7.8458 | 7.8475 | 7.8485 | 7.8502 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8213 | 7.8265 | 7.8350 | 7.8402 | 7.8487 | 7.8539 | 7.8624 |
| Camarilla | 7.8398 | 7.8411 | 7.8423 | 7.8436 | 7.8449 | 7.8461 | 7.8474 |
| Woodie | 7.8231 | 7.8273 | 7.8368 | 7.8410 | 7.8505 | 7.8547 | 7.8642 |
| Fibonacci | 7.8265 | 7.8317 | 7.8349 | 7.8402 | 7.8454 | 7.8486 | 7.8539 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7379 | 7.7659 | 7.7819 | 7.8099 | 7.8259 | 7.8539 | 7.8699 |
| Camarilla | 7.7858 | 7.7898 | 7.7939 | 7.7979 | 7.8019 | 7.8060 | 7.8100 |
| Woodie | 7.7319 | 7.7629 | 7.7759 | 7.8069 | 7.8199 | 7.8509 | 7.8639 |
| Fibonacci | 7.7659 | 7.7827 | 7.7931 | 7.8099 | 7.8267 | 7.8371 | 7.8539 |
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): | 71.02 | |
| MACD (12,26,9): | 0.0081 | |
| Directional Movement: | 15.7515 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 7.8429 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.8391 | |
| Elder Ray (13): | 0.0074 | |
| Super Trend (3,10): | 7.8278 | |
| Zig ZAG (10): | 7.8455 | |
| VORTEX (21): | 1.3768 | |
| Stochastique (14,3,5): | 94.80 | |
| TEMA (21): | 7.8500 | |
| Williams %R (14): | -7.14 | |
| Chande Momentum Oscillator (20): | 0.0217 | |
| Repulse (5,40,3): | 0.0406 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0117 | |
| Courbe Coppock: | 0.69 |
| MA7: | 7.8441 | |
| MA20: | 7.8306 | |
| MA50: | 7.8232 | |
| MA100: | 7.8306 | |
| MAexp7: | 7.8432 | |
| MAexp20: | 7.8335 | |
| MAexp50: | 7.8277 | |
| MAexp100: | 7.8293 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | +0.29% | |
| Price / MA100: | +0.19% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.21% |
Quotes :
-
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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