Londinia Opportunities Analyses - 11/19/2024 (GMT) AUD/HKD - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 5.0738 HKD
My targets
5.0995 HKD (+0.0162)
5.1299 HKD (+0.0466)
My analysis
The bullish trend is currently very strong on AUD/HKD. As long as the price remains above the support at 5.0738 HKD, you could try to benefit from the boom. The first bullish objective is located at 5.0995 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.1299 HKD as an objective. Crossing it would then enable buyers to target 5.1885 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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Additional analysis
Quotes
The AUD/HKD price is 5.0833 HKD. The price has increased by +0.38% since the last closing and was traded between 5.0454 HKD and 5.0857 HKD over the period. The price is currently at +0.75% from its lowest and -0.05% from its highest.5.0454
5.0857
5.0833
A study of price movements over other periods shows the following variations:
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
Technical analysis of this 1H chart of AUD/HKD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.0226 | 5.0424 | 5.0738 | 5.0833 | 5.0995 | 5.1299 | 5.1885 |
| Change (%) | -1.19% | -0.80% | -0.19% | - | +0.32% | +0.92% | +2.07% |
| Change | -0.0607 | -0.0409 | -0.0095 | - | +0.0162 | +0.0466 | +0.1052 |
| Level | Major | Intermediate | Major | - | Major | Minor | Major |
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 | 4.9831 | 5.0010 | 5.0325 | 5.0504 | 5.0819 | 5.0998 | 5.1313 |
| Camarilla | 5.0503 | 5.0548 | 5.0594 | 5.0639 | 5.0684 | 5.0730 | 5.0775 |
| Woodie | 4.9898 | 5.0044 | 5.0392 | 5.0538 | 5.0886 | 5.1032 | 5.1380 |
| Fibonacci | 5.0010 | 5.0199 | 5.0316 | 5.0504 | 5.0693 | 5.0810 | 5.0998 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.8693 | 4.9411 | 4.9862 | 5.0580 | 5.1031 | 5.1749 | 5.2200 |
| Camarilla | 4.9991 | 5.0098 | 5.0205 | 5.0312 | 5.0419 | 5.0526 | 5.0634 |
| Woodie | 4.8559 | 4.9344 | 4.9728 | 5.0513 | 5.0897 | 5.1682 | 5.2066 |
| Fibonacci | 4.9411 | 4.9858 | 5.0134 | 5.0580 | 5.1027 | 5.1303 | 5.1749 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.6876 | 4.8836 | 4.9983 | 5.1943 | 5.3090 | 5.5050 | 5.6197 |
| Camarilla | 5.0276 | 5.0560 | 5.0845 | 5.1130 | 5.1415 | 5.1700 | 5.1984 |
| Woodie | 4.6470 | 4.8633 | 4.9577 | 5.1740 | 5.2684 | 5.4847 | 5.5791 |
| Fibonacci | 4.8836 | 5.0023 | 5.0756 | 5.1943 | 5.3130 | 5.3863 | 5.5050 |
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): | 64.45 | |
| MACD (12,26,9): | 0.0078 | |
| Directional Movement: | 6.0936 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 5.0811 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.0661 | |
| Elder Ray (13): | 0.0068 | |
| Super Trend (3,10): | 5.0586 | |
| Zig ZAG (10): | 5.0787 | |
| VORTEX (21): | 1.1134 | |
| Stochastique (14,3,5): | 92.87 | |
| TEMA (21): | 5.0831 | |
| Williams %R (14): | -11.66 | |
| Chande Momentum Oscillator (20): | 0.0243 | |
| Repulse (5,40,3): | 0.0632 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0193 | |
| Courbe Coppock: | 0.69 |
| MA7: | 5.0637 | |
| MA20: | 5.1054 | |
| MA50: | 5.2029 | |
| MA100: | 5.2035 | |
| MAexp7: | 5.0796 | |
| MAexp20: | 5.0708 | |
| MAexp50: | 5.0594 | |
| MAexp100: | 5.0581 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | -0.43% | |
| Price / MA50: | -2.30% | |
| Price / MA100: | -2.31% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.50% |
Quotes :
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Real time data
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Forex