CHF/HKD - 1H - Technical analysis published on 05/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
50%
28%
22%
My opinion
Bearish under 7.9920 HKD
My targets
7.9673 HKD (-0.0163)
7.9498 HKD (-0.0338)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/HKD as long as the price remains well below 7.9920 HKD. The sellers” bearish objective is set at 7.9673 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.9498 HKD. In case of crossing, the next objective would be the support located at 7.9203 HKD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.6
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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 7.9836 HKD. The price registered an increase of -0.06% on the session with the lowest point at 7.9751 HKD and the highest point at 7.9976 HKD. The deviation from the price is +0.11% for the low point and -0.18% for the high point.7.9751
7.9976
7.9836
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 CHF/HKD in 1H shows an overall bearish trend. The signals given by moving averages are 75% bearish. This bearish trend is reinforced 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
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 | 7.9203 | 7.9498 | 7.9673 | 7.9836 | 7.9848 | 7.9920 | 8.0094 |
| Change (%) | -0.79% | -0.42% | -0.20% | - | +0.02% | +0.11% | +0.32% |
| Change | -0.0633 | -0.0338 | -0.0163 | - | +0.0012 | +0.0084 | +0.0258 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9201 | 7.9518 | 7.9702 | 8.0019 | 8.0203 | 8.0520 | 8.0704 |
| Camarilla | 7.9748 | 7.9794 | 7.9840 | 7.9886 | 7.9932 | 7.9978 | 8.0024 |
| Woodie | 7.9135 | 7.9485 | 7.9636 | 7.9986 | 8.0137 | 8.0487 | 8.0638 |
| Fibonacci | 7.9518 | 7.9709 | 7.9828 | 8.0019 | 8.0210 | 8.0329 | 8.0520 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8696 | 7.9076 | 7.9423 | 7.9803 | 8.0150 | 8.0530 | 8.0877 |
| Camarilla | 7.9571 | 7.9638 | 7.9704 | 7.9771 | 7.9838 | 7.9904 | 7.9971 |
| Woodie | 7.8681 | 7.9068 | 7.9408 | 7.9795 | 8.0135 | 8.0522 | 8.0862 |
| Fibonacci | 7.9076 | 7.9353 | 7.9525 | 7.9803 | 8.0080 | 8.0252 | 8.0530 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.02 | |
| MACD (12,26,9): | -0.0077 | |
| Directional Movement: | -11.2312 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 7.9823 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.9919 | |
| Elder Ray (13): | -0.0042 | |
| Super Trend (3,10): | 8.0022 | |
| Zig ZAG (10): | 7.9896 | |
| VORTEX (21): | 0.8505 | |
| Stochastique (14,3,5): | 63.89 | |
| TEMA (21): | 7.9804 | |
| Williams %R (14): | -0.98 | |
| Chande Momentum Oscillator (20): | 0.0079 | |
| Repulse (5,40,3): | 0.2398 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0148 | |
| Courbe Coppock: | 0.28 |
| MA7: | 7.9867 | |
| MA20: | 7.9839 | |
| MA50: | 7.9930 | |
| MA100: | 8.0149 | |
| MAexp7: | 7.9860 | |
| MAexp20: | 7.9922 | |
| MAexp50: | 7.9990 | |
| MAexp100: | 7.9955 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | -0.12% | |
| Price / MA100: | -0.39% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.15% |
This member declared not having a position on this financial instrument or a related financial instrument.
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