CHF/HKD
CHF HKD
- HKD (-)
- Real time data - Forex
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Type: Forex
Ticker: CHFHKD
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CHF/HKD - 1H - Technical analysis published on 09/15/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/HKD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard8.47698.49738.51448.53488.55198.57238.5894
Camarilla8.52138.52478.52828.53168.53508.53858.5419
Woodie8.47548.49658.51298.53408.55048.57158.5879
Fibonacci8.49738.51168.52048.53488.54918.55798.5723


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.30778.36598.44658.50478.58538.64358.7241
Camarilla8.48898.50178.51448.52718.53988.55268.5653
Woodie8.31898.37158.45778.51038.59658.64918.7353
Fibonacci8.36598.41898.45178.50478.55778.59058.6435


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.21198.29998.43618.52418.66038.74838.8845
Camarilla8.51068.53118.55178.57228.59288.61338.6339
Woodie8.23598.31208.46018.53628.68438.76048.9085
Fibonacci8.29998.38568.43858.52418.60988.66278.7483

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 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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