USD/HKD - 1H - Technical analysis published on 11/29/2024 (GMT)
- 111
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 7.7811 HKD
My targets
7.7674 HKD (-0.0129)
7.7588 HKD (-0.0215)
My analysis
In the short term, we can see an acceleration in the bearish trend on USD/HKD, which is a positive signal for sellers. As long as the price remains above 7.7811 HKD, a sale could be considered. The first bearish objective is located at 7.7674 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.7588 HKD as an objective. Crossing it would then enable sellers to target 7.7500 HKD. If the price were to return above 7.7811 HKD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be 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
6.1
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/HKD rating is 7.7803 HKD. On the day, this instrument lost -0.04% and was between 7.7798 HKD and 7.7847 HKD. This implies that the price is at +0.01% from its lowest and at -0.06% from its highest.7.7798
7.7847
7.7803
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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
Technical
A technical analysis in 1H of this USD/HKD chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish 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.
In fact, 14 technical indicators on 18 studied are currently bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.7588 | 7.7674 | 7.7743 | 7.7803 | 7.7804 | 7.7811 | 7.7817 |
| Change (%) | -0.28% | -0.17% | -0.08% | - | +0.00% | +0.01% | +0.02% |
| Change | -0.0215 | -0.0129 | -0.0060 | - | +0.0001 | +0.0008 | +0.0014 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7776 | 7.7791 | 7.7813 | 7.7828 | 7.7850 | 7.7865 | 7.7887 |
| Camarilla | 7.7824 | 7.7827 | 7.7831 | 7.7834 | 7.7837 | 7.7841 | 7.7844 |
| Woodie | 7.7779 | 7.7793 | 7.7816 | 7.7830 | 7.7853 | 7.7867 | 7.7890 |
| Fibonacci | 7.7791 | 7.7806 | 7.7814 | 7.7828 | 7.7843 | 7.7851 | 7.7865 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7742 | 7.7773 | 7.7807 | 7.7838 | 7.7872 | 7.7903 | 7.7937 |
| Camarilla | 7.7823 | 7.7829 | 7.7835 | 7.7841 | 7.7847 | 7.7853 | 7.7859 |
| Woodie | 7.7744 | 7.7774 | 7.7809 | 7.7839 | 7.7874 | 7.7904 | 7.7939 |
| Fibonacci | 7.7773 | 7.7798 | 7.7813 | 7.7838 | 7.7863 | 7.7878 | 7.7903 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7482 | 7.7546 | 7.7643 | 7.7707 | 7.7804 | 7.7868 | 7.7965 |
| Camarilla | 7.7696 | 7.7711 | 7.7725 | 7.7740 | 7.7755 | 7.7770 | 7.7784 |
| Woodie | 7.7499 | 7.7554 | 7.7660 | 7.7715 | 7.7821 | 7.7876 | 7.7982 |
| Fibonacci | 7.7546 | 7.7608 | 7.7646 | 7.7707 | 7.7769 | 7.7807 | 7.7868 |
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): | 30.86 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -23.8363 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 7.7820 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7842 | |
| Elder Ray (13): | -0.0021 | |
| Super Trend (3,10): | 7.7830 | |
| Zig ZAG (10): | 7.7803 | |
| VORTEX (21): | 0.8393 | |
| Stochastique (14,3,5): | 4.08 | |
| TEMA (21): | 7.7813 | |
| Williams %R (14): | -89.80 | |
| Chande Momentum Oscillator (20): | -0.0030 | |
| Repulse (5,40,3): | -0.0183 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0001 | |
| Courbe Coppock: | 0.05 |
| MA7: | 7.7825 | |
| MA20: | 7.7798 | |
| MA50: | 7.7752 | |
| MA100: | 7.7873 | |
| MAexp7: | 7.7814 | |
| MAexp20: | 7.7825 | |
| MAexp50: | 7.7826 | |
| MAexp100: | 7.7826 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | +0.07% | |
| Price / MA100: | -0.09% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.03% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on USD/HKD at the time of the analysis were as follows:
USD/HKD Forecast September 17, 2024This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis USD/HKD - 1H