USD/HKD
USD HKD
- HKD (-)
- Real time data - Forex
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Type: Forex
Ticker: USDHKD
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USD/HKD - 15 min. - Technical analysis published on 11/10/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 7.8054 HKD
My targets
7.8138 HKD (+0.0048)
7.8190 HKD (+0.0100)
My analysis
The strong short-term increase for USD/HKD reinforces the current slightly bullish trend. As long as the price remains above 7.8054 HKD, you could take advantage of this bullish acceleration. The first bullish objective is located at 7.8138 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.8190 HKD as an objective. Crossing it would then enable buyers to target 7.8222 HKD. A return to 7.8054 HKD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.1

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 hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The USD/HKD price is 7.8090 HKD. The price has increased by +0.01% since the last closing with the lowest point at 7.8030 HKD and the highest point at 7.8099 HKD. The deviation from the price is +0.08% for the low point and -0.01% for the high point.

7.8030
7.8099
7.8090

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of USD/HKD in 15 min. shows an overall slightly bullish trend. Only 50.00% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes



The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes


Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.7853 7.7941 7.8088 7.8090 7.8109 7.8166 7.8217
Change (%) -0.30% -0.19% +0.00% - +0.02% +0.10% +0.16%
Change -0.0237 -0.0149 -0.0002 - +0.0019 +0.0076 +0.0127
Level Minor Intermediate Intermediate - Minor Major 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
Standard7.79707.80227.80547.81067.81387.81907.8222
Camarilla7.80637.80717.80787.80867.80947.81017.8109
Woodie7.79607.80177.80447.81017.81287.81857.8212
Fibonacci7.80227.80547.80747.81067.81387.81587.8190


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.81257.81617.82007.82367.82757.83117.8350
Camarilla7.82177.82247.82317.82387.82457.82527.8259
Woodie7.81267.81627.82017.82377.82767.83127.8351
Fibonacci7.81617.81907.82087.82367.82657.82837.8311


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.79697.80637.81557.82497.83417.84357.8527
Camarilla7.81957.82127.82297.82467.82637.82807.8297
Woodie7.79677.80637.81537.82497.83397.84357.8525
Fibonacci7.80637.81347.81787.82497.83207.83647.8435

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 62.52
MACD (12,26,9): 0.0005
Directional Movement: 1.9414
AROON (14): 85.7143
DEMA (21): 7.8082
Parabolic SAR (0,02-0,02-0,2): 7.8077
Elder Ray (13): 0.0009
Super Trend (3,10): 7.8065
Zig ZAG (10): 7.8089
VORTEX (21): 1.2576
Stochastique (14,3,5): 82.21
TEMA (21): 7.8089
Williams %R (14): -21.43
Chande Momentum Oscillator (20): 0.0017
Repulse (5,40,3): 0.0068
ROCnROLL: 1
TRIX (15,9): 0.0002
Courbe Coppock: 0.06
MA7: 7.8173
MA20: 7.8209
MA50: 7.8250
MA100: 7.8242
MAexp7: 7.8086
MAexp20: 7.8078
MAexp50: 7.8079
MAexp100: 7.8090
Price / MA7: -0.11%
Price / MA20: -0.15%
Price / MA50: -0.20%
Price / MA100: -0.19%
Price / MAexp7: +0.01%
Price / MAexp20: +0.02%
Price / MAexp50: +0.01%
Price / MAexp100: -0%

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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