CHF/HKD - 1H - Technical analysis published on 05/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 7.9695 HKD
My targets
7.9023 HKD (-0.0337)
7.8513 HKD (-0.0847)
My analysis
The bearish trend is currently very strong for CHF/HKD. As long as the price remains below the resistance at 7.9695 HKD, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.9023 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.8513 HKD as an objective. Crossing it would then enable sellers to target 7.7915 HKD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.9
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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 7.9360 HKD. The price registered a decrease of -0.16% on the session with the lowest point at 7.9339 HKD and the highest point at 7.9605 HKD. The deviation from the price is +0.03% for the low point and -0.31% for the high point.7.9339
7.9605
7.9360
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/HKD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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 support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.8513 | 7.9023 | 7.9347 | 7.9360 | 7.9695 | 8.0231 | 8.0398 |
| Change (%) | -1.07% | -0.42% | -0.02% | - | +0.42% | +1.10% | +1.31% |
| Change | -0.0847 | -0.0337 | -0.0013 | - | +0.0335 | +0.0871 | +0.1038 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9055 | 7.9246 | 7.9365 | 7.9556 | 7.9675 | 7.9866 | 7.9985 |
| Camarilla | 7.9399 | 7.9427 | 7.9456 | 7.9484 | 7.9512 | 7.9541 | 7.9569 |
| Woodie | 7.9019 | 7.9228 | 7.9329 | 7.9538 | 7.9639 | 7.9848 | 7.9949 |
| Fibonacci | 7.9246 | 7.9364 | 7.9438 | 7.9556 | 7.9674 | 7.9748 | 7.9866 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7792 | 7.8444 | 7.9544 | 8.0196 | 8.1296 | 8.1948 | 8.3048 |
| Camarilla | 8.0163 | 8.0324 | 8.0484 | 8.0645 | 8.0806 | 8.0966 | 8.1127 |
| Woodie | 7.8017 | 7.8556 | 7.9769 | 8.0308 | 8.1521 | 8.2060 | 8.3273 |
| Fibonacci | 7.8444 | 7.9113 | 7.9526 | 8.0196 | 8.0865 | 8.1278 | 8.1948 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7555 | 7.8320 | 7.9266 | 8.0031 | 8.0977 | 8.1742 | 8.2688 |
| Camarilla | 7.9743 | 7.9899 | 8.0056 | 8.0213 | 8.0370 | 8.0527 | 8.0684 |
| Woodie | 7.7647 | 7.8365 | 7.9358 | 8.0076 | 8.1069 | 8.1787 | 8.2780 |
| Fibonacci | 7.8320 | 7.8973 | 7.9377 | 8.0031 | 8.0684 | 8.1088 | 8.1742 |
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): | 35.39 | |
| MACD (12,26,9): | -0.0055 | |
| Directional Movement: | -2.4558 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 7.9397 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.9574 | |
| Elder Ray (13): | -0.0065 | |
| Super Trend (3,10): | 7.9686 | |
| Zig ZAG (10): | 7.9441 | |
| VORTEX (21): | 0.9151 | |
| Stochastique (14,3,5): | 39.35 | |
| TEMA (21): | 7.9450 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | 0.0043 | |
| Repulse (5,40,3): | 0.1569 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0107 | |
| Courbe Coppock: | 0.14 |
| MA7: | 7.9908 | |
| MA20: | 7.9929 | |
| MA50: | 8.0419 | |
| MA100: | 8.0148 | |
| MAexp7: | 7.9449 | |
| MAexp20: | 7.9479 | |
| MAexp50: | 7.9629 | |
| MAexp100: | 7.9781 | |
| Price / MA7: | -0.69% | |
| Price / MA20: | -0.71% | |
| Price / MA50: | -1.32% | |
| Price / MA100: | -0.98% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.53% |
This member declared not having a position on this financial instrument or a related financial instrument.
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