CHF/HKD - 1H - Technical analysis published on 09/15/2020 (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 bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 8.5242 HKD
My targets
8.5726 HKD (+0.0290)
8.6435 HKD (+0.0999)
My analysis
The bullish trend is currently very strong on CHF/HKD. As long as the price remains above the support at 8.5242 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.5726 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.6435 HKD as an objective. Crossing it would then enable buyers to target 9.0741 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
8.2
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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
CHF/HKD rating 8.5436 HKD. On the day, this instrument gained +0.14% and was traded between 8.5269 HKD and 8.5533 HKD over the period. The price is currently at +0.20% from its lowest and -0.11% from its highest.8.5269
8.5533
8.5436
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
Here is a more detailed summary of the historical variations registered by CHF/HKD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/HKD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
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:
Horizontal resistance is broken
Type : Bullish
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 | 8.4975 | 8.5242 | 8.5366 | 8.5436 | 8.5726 | 9.0741 | 10.7929 |
Change (%) | -0.54% | -0.23% | -0.08% | - | +0.34% | +6.21% | +26.33% |
Change | -0.0461 | -0.0194 | -0.0070 | - | +0.0290 | +0.5305 | +2.2493 |
Level | Minor | Intermediate | Minor | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.4769 | 8.4973 | 8.5144 | 8.5348 | 8.5519 | 8.5723 | 8.5894 |
Camarilla | 8.5213 | 8.5247 | 8.5282 | 8.5316 | 8.5350 | 8.5385 | 8.5419 |
Woodie | 8.4754 | 8.4965 | 8.5129 | 8.5340 | 8.5504 | 8.5715 | 8.5879 |
Fibonacci | 8.4973 | 8.5116 | 8.5204 | 8.5348 | 8.5491 | 8.5579 | 8.5723 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.3077 | 8.3659 | 8.4465 | 8.5047 | 8.5853 | 8.6435 | 8.7241 |
Camarilla | 8.4889 | 8.5017 | 8.5144 | 8.5271 | 8.5398 | 8.5526 | 8.5653 |
Woodie | 8.3189 | 8.3715 | 8.4577 | 8.5103 | 8.5965 | 8.6491 | 8.7353 |
Fibonacci | 8.3659 | 8.4189 | 8.4517 | 8.5047 | 8.5577 | 8.5905 | 8.6435 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.2119 | 8.2999 | 8.4361 | 8.5241 | 8.6603 | 8.7483 | 8.8845 |
Camarilla | 8.5106 | 8.5311 | 8.5517 | 8.5722 | 8.5928 | 8.6133 | 8.6339 |
Woodie | 8.2359 | 8.3120 | 8.4601 | 8.5362 | 8.6843 | 8.7604 | 8.9085 |
Fibonacci | 8.2999 | 8.3856 | 8.4385 | 8.5241 | 8.6098 | 8.6627 | 8.7483 |
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): | 65.49 | |
MACD (12,26,9): | 0.0035 | |
Directional Movement: | 13.7251 | |
AROON (14): | 35.7143 | |
DEMA (21): | 8.5427 | |
Parabolic SAR (0,02-0,02-0,2): | 8.5282 | |
Elder Ray (13): | 0.0091 | |
Super Trend (3,10): | 8.5328 | |
Zig ZAG (10): | 8.5494 | |
VORTEX (21): | 1.1537 | |
Stochastique (14,3,5): | 85.43 | |
TEMA (21): | 8.5447 | |
Williams %R (14): | -11.42 | |
Chande Momentum Oscillator (20): | 0.0122 | |
Repulse (5,40,3): | 0.0763 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0046 | |
Courbe Coppock: | 0.03 |
MA7: | 8.5026 | |
MA20: | 8.5153 | |
MA50: | 8.4469 | |
MA100: | 8.2645 | |
MAexp7: | 8.5450 | |
MAexp20: | 8.5386 | |
MAexp50: | 8.5308 | |
MAexp100: | 8.5191 | |
Price / MA7: | +0.48% | |
Price / MA20: | +0.33% | |
Price / MA50: | +1.14% | |
Price / MA100: | +3.38% | |
Price / MAexp7: | -0.02% | |
Price / MAexp20: | +0.06% | |
Price / MAexp50: | +0.15% | |
Price / MAexp100: | +0.29% |
Quotes :
2020-09-15 06:52:02
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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