Londinia Opportunities Analyses - 05/14/2024 (GMT) CAD/HKD - 1H

- HKD (-)
- Real time data - Forex
Type: Forex
Ticker: CADHKD
ISIN:

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 5.7088 HKD
My targets
5.7420 HKD (+0.0183)
5.7646 HKD (+0.0409)
My analysis
The bullish trend is currently very strong on CAD/HKD. As long as the price remains above the support at 5.7088 HKD, you could try to benefit from the boom. The first bullish objective is located at 5.7420 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.7646 HKD as an objective. Crossing it would then enable buyers to target 5.8125 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating 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
8.6

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.

Additional analysis

Quotes

The CAD/HKD rating is 5.7237 HKD. The price registered an increase of +0.12% on the session with the lowest point at 5.7060 HKD and the highest point at 5.7302 HKD. The deviation from the price is +0.31% for the low point and -0.11% for the high point.

5.7060
5.7302
5.7237

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



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, which identifies the highest / lowest, has detected several elements:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of CAD/HKD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.6933 5.7088 5.7189 5.7237 5.7274 5.7420 5.7646
Change (%) -0.53% -0.26% -0.08% - +0.06% +0.32% +0.71%
Change -0.0304 -0.0149 -0.0048 - +0.0037 +0.0183 +0.0409
Level Minor Intermediate Minor - Major Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.70015.70435.71055.71475.72095.72515.7313
Camarilla5.71385.71485.71585.71675.71775.71865.7196
Woodie5.70115.70485.71155.71525.72195.72565.7323
Fibonacci5.70435.70835.71075.71475.71875.72115.7251


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.63645.65855.68675.70885.73705.75915.7873
Camarilla5.70125.70585.71045.71505.71965.72425.7288
Woodie5.63965.66005.68995.71035.74025.76065.7905
Fibonacci5.65855.67775.68965.70885.72805.73995.7591


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.46815.56225.62045.71455.77275.86685.9250
Camarilla5.63675.65075.66465.67865.69265.70655.7205
Woodie5.45025.55325.60255.70555.75485.85785.9071
Fibonacci5.56225.62045.65635.71455.77275.80865.8668

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): 60.53
MACD (12,26,9): 0.0026
Directional Movement: 14.6792
AROON (14): 7.1429
DEMA (21): 5.7217
Parabolic SAR (0,02-0,02-0,2): 5.7083
Elder Ray (13): 0.0030
Super Trend (3,10): 5.7116
Zig ZAG (10): 5.7243
VORTEX (21): 1.0715
Stochastique (14,3,5): 65.43
TEMA (21): 5.7234
Williams %R (14): -24.79
Chande Momentum Oscillator (20): 0.0121
Repulse (5,40,3): 0.1052
ROCnROLL: 1
TRIX (15,9): 0.0049
Courbe Coppock: 0.39
MA7: 5.7110
MA20: 5.7099
MA50: 5.7436
MA100: 5.7792
MAexp7: 5.7218
MAexp20: 5.7185
MAexp50: 5.7152
MAexp100: 5.7118
Price / MA7: +0.22%
Price / MA20: +0.24%
Price / MA50: -0.35%
Price / MA100: -0.96%
Price / MAexp7: +0.03%
Price / MAexp20: +0.09%
Price / MAexp50: +0.15%
Price / MAexp100: +0.21%

Quotes : - Real time data - Forex