Londinia Opportunities Analyses - 11/22/2024 (GMT) USD/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
78%
0%
22%
My opinion
Bullish above 7.7833 HKD
My targets
7.7891 HKD (+0.0043)
7.8019 HKD (+0.0171)
My analysis
The bullish trend is currently very strong on USD/HKD. As long as the price remains above the support at 7.7833 HKD, you could try to benefit from the boom. The first bullish objective is located at 7.7891 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 7.8019 HKD as an objective. Crossing it would then enable buyers to target 7.8088 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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Additional analysis
Quotes
The USD/HKD price is 7.7848 HKD. On the day, this instrument gained +0.02% and was between 7.7813 HKD and 7.7850 HKD. This implies that the price is at +0.04% from its lowest and at +0.00% from its highest.7.7813
7.7850
7.7848
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
Technical analysis of USD/HKD in 1H shows a strongly overall bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed 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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.7814 | 7.7833 | 7.7844 | 7.7848 | 7.7870 | 7.7891 | 7.8019 |
| Change (%) | -0.04% | -0.02% | -0.01% | - | +0.03% | +0.06% | +0.22% |
| Change | -0.0034 | -0.0015 | -0.0004 | - | +0.0022 | +0.0043 | +0.0171 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7795 | 7.7804 | 7.7818 | 7.7827 | 7.7841 | 7.7850 | 7.7864 |
| Camarilla | 7.7825 | 7.7827 | 7.7829 | 7.7831 | 7.7833 | 7.7835 | 7.7837 |
| Woodie | 7.7797 | 7.7805 | 7.7820 | 7.7828 | 7.7843 | 7.7851 | 7.7866 |
| Fibonacci | 7.7804 | 7.7813 | 7.7819 | 7.7827 | 7.7836 | 7.7842 | 7.7850 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7619 | 7.7671 | 7.7765 | 7.7817 | 7.7911 | 7.7963 | 7.8057 |
| Camarilla | 7.7818 | 7.7831 | 7.7845 | 7.7858 | 7.7871 | 7.7885 | 7.7898 |
| Woodie | 7.7639 | 7.7682 | 7.7785 | 7.7828 | 7.7931 | 7.7974 | 7.8077 |
| Fibonacci | 7.7671 | 7.7727 | 7.7762 | 7.7817 | 7.7873 | 7.7908 | 7.7963 |
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): | 60.39 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 5.6859 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 7.7842 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.7831 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 7.7819 | |
| Zig ZAG (10): | 7.7847 | |
| VORTEX (21): | 1.0794 | |
| Stochastique (14,3,5): | 89.09 | |
| TEMA (21): | 7.7846 | |
| Williams %R (14): | -11.11 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | 0.0088 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0005 | |
| Courbe Coppock: | 0.05 |
| MA7: | 7.7835 | |
| MA20: | 7.7775 | |
| MA50: | 7.7763 | |
| MA100: | 7.7887 | |
| MAexp7: | 7.7843 | |
| MAexp20: | 7.7837 | |
| MAexp50: | 7.7833 | |
| MAexp100: | 7.7830 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +0.09% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | -0.05% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.02% |
Quotes :
-
Real time data
-
Forex
News
Don't forget to follow the news on USD/HKD. At the time of publication of this analysis, the latest news was as follows:
USD/HKD Forecast September 17, 2024