Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 7.76.
The projected lower bound is: 7.75.
The projected closing price is: 7.75.
FOREX HKD= closed up 0.000 at 7.754. Volume was 95% below average (consolidating) and Bollinger Bands were 125% wider than normal.
Open High Low Close Volume
7.754 7.755 7.754 7.754 329
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 7.76 7.76 7.76
Volatility: 0 0 0
Volume: 5,880 7,425 6,102
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary Hong Kong Dollar
FOREX HKD= is currently 0.0% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of HKD= (mildly bearish). Our trend forecasting oscillators are currently bearish on HKD= and have had this outlook for the last 5 periods.
HEFFX Momentum Hong Kong Dollar
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 32.2199. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 42.60. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 12 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -90. This is not a topping or bottoming area. The last signal was a buy 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 8 period(s) ago.
Latest posts by John Heffernan (see all)
- SSE Composite Index(SHA:000001) HEFFX Trading Outlook - January 18, 2017
- S&P/ASX 200(INDEXASX:XJO) Australia HEFFX Trading Outlook - January 18, 2017
- HANG SENG INDEX(INDEXHANGSENG:HSI) HEFFX Trading Outlook - January 18, 2017