CHF/HKD - 1H - Technical analysis published on 04/20/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
78%
0%
22%
My opinion
Bullish above 8.0057 HKD
My targets
8.0255 HKD (+0.0114)
8.0355 HKD (+0.0214)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CHF/HKD as long as the price remains well above 8.0057 HKD. The buyers” bullish objective is set at 8.0255 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.0355 HKD. If there is any crossing, the next objective would be the resistance located at 8.0503 HKD.
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
4.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/HKD price is 8.0141 HKD. The price is lower by -0.03% since the last closing with the lowest point at 7.9902 HKD and the highest point at 8.0264 HKD. The deviation from the price is +0.30% for the low point and -0.15% for the high point.7.9902
8.0264
8.0141
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/HKD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/HKD chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.9704 | 7.9906 | 8.0057 | 8.0141 | 8.0255 | 8.0355 | 8.0503 |
| Change (%) | -0.55% | -0.29% | -0.10% | - | +0.14% | +0.27% | +0.45% |
| Change | -0.0437 | -0.0235 | -0.0084 | - | +0.0114 | +0.0214 | +0.0362 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9279 | 7.9492 | 7.9830 | 8.0043 | 8.0381 | 8.0594 | 8.0932 |
| Camarilla | 8.0016 | 8.0066 | 8.0117 | 8.0167 | 8.0218 | 8.0268 | 8.0319 |
| Woodie | 7.9341 | 7.9523 | 7.9892 | 8.0074 | 8.0443 | 8.0625 | 8.0994 |
| Fibonacci | 7.9492 | 7.9703 | 7.9833 | 8.0043 | 8.0254 | 8.0384 | 8.0594 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8561 | 7.9134 | 7.9650 | 8.0223 | 8.0739 | 8.1312 | 8.1828 |
| Camarilla | 7.9868 | 7.9967 | 8.0067 | 8.0167 | 8.0267 | 8.0367 | 8.0467 |
| Woodie | 7.8534 | 7.9120 | 7.9623 | 8.0209 | 8.0712 | 8.1298 | 8.1801 |
| Fibonacci | 7.9134 | 7.9550 | 7.9807 | 8.0223 | 8.0639 | 8.0896 | 8.1312 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.1596 | 7.4969 | 7.7793 | 8.1166 | 8.3990 | 8.7363 | 9.0187 |
| Camarilla | 7.8912 | 7.9480 | 8.0048 | 8.0616 | 8.1184 | 8.1752 | 8.2320 |
| Woodie | 7.1321 | 7.4832 | 7.7518 | 8.1029 | 8.3715 | 8.7226 | 8.9912 |
| Fibonacci | 7.4969 | 7.7337 | 7.8799 | 8.1166 | 8.3534 | 8.4996 | 8.7363 |
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): | 52.29 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 6.5303 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 8.0106 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.9950 | |
| Elder Ray (13): | 0.0063 | |
| Super Trend (3,10): | 7.9890 | |
| Zig ZAG (10): | 8.0116 | |
| VORTEX (21): | 0.9957 | |
| Stochastique (14,3,5): | 70.35 | |
| TEMA (21): | 8.0126 | |
| Williams %R (14): | -36.74 | |
| Chande Momentum Oscillator (20): | 0.0027 | |
| Repulse (5,40,3): | 0.0140 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0016 | |
| Courbe Coppock: | 0.12 |
| MA7: | 8.0251 | |
| MA20: | 8.0100 | |
| MA50: | 8.0342 | |
| MA100: | 8.0095 | |
| MAexp7: | 8.0118 | |
| MAexp20: | 8.0093 | |
| MAexp50: | 8.0099 | |
| MAexp100: | 8.0134 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | -0.25% | |
| Price / MA100: | +0.06% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.01% |
This member declared not having a position on this financial instrument or a related financial instrument.
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