USD/HKD
USD HKD
- HKD (-)
- Real time data - Forex
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Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: USDHKD
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USD/HKD - 1H - Technical analysis published on 09/07/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 7.8434 HKD
My targets
7.8376 HKD (-0.0018)
7.8317 HKD (-0.0077)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 7.8434 HKD remains possible. It is advisable to trade USD/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 7.8434 HKD. The next bearish objective for sellers is set at 7.8376 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.8317 HKD. In case of crossing, the next objective would be the support located at 7.8166 HKD. PS: if there is a bullish break in the resistance located at 7.8434 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9

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 7.8394 HKD. The price is lower by -0.04% since the last closing and was between 7.8364 HKD and 7.8430 HKD. This implies that the price is at +0.04% from its lowest and at -0.05% from its highest.

7.8364
7.8430
7.8394

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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 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 bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

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


RSI indicator is back over 50

Type : Bullish

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, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.8353 7.8376 7.8390 7.8394 7.8409 7.8434 7.8463
Change (%) -0.05% -0.02% -0.01% - +0.02% +0.05% +0.09%
Change -0.0041 -0.0018 -0.0004 - +0.0015 +0.0040 +0.0069
Level Minor Intermediate Minor - Major Intermediate Intermediate



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
Standard7.83657.83827.84037.84207.84417.84587.8479
Camarilla7.84147.84177.84217.84247.84287.84317.8435
Woodie7.83677.83837.84057.84217.84437.84597.8481
Fibonacci7.83827.83977.84067.84207.84357.84447.8458


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.83337.83717.84047.84427.84757.85137.8546
Camarilla7.84197.84257.84327.84387.84457.84517.8458
Woodie7.83327.83707.84037.84417.84747.85127.8545
Fibonacci7.83717.83987.84157.84427.84697.84867.8513


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.75177.77207.80727.82757.86277.88307.9182
Camarilla7.82707.83217.83727.84237.84747.85257.8576
Woodie7.75917.77577.81467.83127.87017.88677.9256
Fibonacci7.77207.79327.80637.82757.84877.86187.8830

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): 49.78
MACD (12,26,9): -0.0007
Directional Movement: -3.9876
AROON (14): -92.8571
DEMA (21): 7.8386
Parabolic SAR (0,02-0,02-0,2): 7.8402
Elder Ray (13): -0.0005
Super Trend (3,10): 7.8419
Zig ZAG (10): 7.8398
VORTEX (21): 0.8785
Stochastique (14,3,5): 42.81
TEMA (21): 7.8381
Williams %R (14): -17.50
Chande Momentum Oscillator (20): 0.0013
Repulse (5,40,3): 0.0230
ROCnROLL: -1
TRIX (15,9): -0.0014
Courbe Coppock: 0.04
MA7: 7.8416
MA20: 7.8369
MA50: 7.8239
MA100: 7.8301
MAexp7: 7.8389
MAexp20: 7.8395
MAexp50: 7.8403
MAexp100: 7.8407
Price / MA7: -0.03%
Price / MA20: +0.03%
Price / MA50: +0.20%
Price / MA100: +0.12%
Price / MAexp7: +0.01%
Price / MAexp20: +0.00%
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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