Londinia Opportunities Analyses - 05/14/2024 (GMT) CAD/HKD - 1H
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
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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.
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:
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:
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 5.7001 | 5.7043 | 5.7105 | 5.7147 | 5.7209 | 5.7251 | 5.7313 |
Camarilla | 5.7138 | 5.7148 | 5.7158 | 5.7167 | 5.7177 | 5.7186 | 5.7196 |
Woodie | 5.7011 | 5.7048 | 5.7115 | 5.7152 | 5.7219 | 5.7256 | 5.7323 |
Fibonacci | 5.7043 | 5.7083 | 5.7107 | 5.7147 | 5.7187 | 5.7211 | 5.7251 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.6364 | 5.6585 | 5.6867 | 5.7088 | 5.7370 | 5.7591 | 5.7873 |
Camarilla | 5.7012 | 5.7058 | 5.7104 | 5.7150 | 5.7196 | 5.7242 | 5.7288 |
Woodie | 5.6396 | 5.6600 | 5.6899 | 5.7103 | 5.7402 | 5.7606 | 5.7905 |
Fibonacci | 5.6585 | 5.6777 | 5.6896 | 5.7088 | 5.7280 | 5.7399 | 5.7591 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.4681 | 5.5622 | 5.6204 | 5.7145 | 5.7727 | 5.8668 | 5.9250 |
Camarilla | 5.6367 | 5.6507 | 5.6646 | 5.6786 | 5.6926 | 5.7065 | 5.7205 |
Woodie | 5.4502 | 5.5532 | 5.6025 | 5.7055 | 5.7548 | 5.8578 | 5.9071 |
Fibonacci | 5.5622 | 5.6204 | 5.6563 | 5.7145 | 5.7727 | 5.8086 | 5.8668 |
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 :
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Real time data
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Forex