CHF/HKD - 1H - Technical analysis published on 10/05/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 8.4326 HKD
My targets
8.4578 HKD (+0.0146)
8.4813 HKD (+0.0381)
My analysis
The bullish trend is currently very strong on CHF/HKD. As long as the price remains above the support at 8.4326 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.4578 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.4813 HKD as an objective. Crossing it would then enable buyers to target 8.5846 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
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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 8.4432 HKD. The price has increased by +0.27% since the last closing with the lowest point at 8.4224 HKD and the highest point at 8.4581 HKD. The deviation from the price is +0.25% for the low point and -0.18% for the high point.8.4224
8.4581
8.4432
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of CHF/HKD indicates that the overall trend is strongly bullish. 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 8.3839 | 8.4075 | 8.4326 | 8.4432 | 8.4578 | 8.4813 | 8.5846 |
| Change (%) | -0.70% | -0.42% | -0.13% | - | +0.17% | +0.45% | +1.67% |
| Change | -0.0593 | -0.0357 | -0.0106 | - | +0.0146 | +0.0381 | +0.1414 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3723 | 8.3900 | 8.4052 | 8.4229 | 8.4381 | 8.4558 | 8.4710 |
| Camarilla | 8.4115 | 8.4145 | 8.4175 | 8.4205 | 8.4235 | 8.4265 | 8.4296 |
| Woodie | 8.3712 | 8.3894 | 8.4041 | 8.4223 | 8.4370 | 8.4552 | 8.4699 |
| Fibonacci | 8.3900 | 8.4025 | 8.4103 | 8.4229 | 8.4354 | 8.4432 | 8.4558 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2324 | 8.2850 | 8.3527 | 8.4053 | 8.4730 | 8.5256 | 8.5933 |
| Camarilla | 8.3874 | 8.3985 | 8.4095 | 8.4205 | 8.4315 | 8.4426 | 8.4536 |
| Woodie | 8.2401 | 8.2888 | 8.3604 | 8.4091 | 8.4807 | 8.5294 | 8.6010 |
| Fibonacci | 8.2850 | 8.3309 | 8.3593 | 8.4053 | 8.4512 | 8.4796 | 8.5256 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0223 | 8.1795 | 8.2976 | 8.4548 | 8.5729 | 8.7301 | 8.8482 |
| Camarilla | 8.3399 | 8.3651 | 8.3904 | 8.4156 | 8.4408 | 8.4661 | 8.4913 |
| Woodie | 8.0027 | 8.1697 | 8.2780 | 8.4450 | 8.5533 | 8.7203 | 8.8286 |
| Fibonacci | 8.1795 | 8.2847 | 8.3497 | 8.4548 | 8.5600 | 8.6250 | 8.7301 |
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): | 61.07 | |
| MACD (12,26,9): | 0.0067 | |
| Directional Movement: | 14.4552 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 8.4443 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.4349 | |
| Elder Ray (13): | 0.0074 | |
| Super Trend (3,10): | 8.4205 | |
| Zig ZAG (10): | 8.4479 | |
| VORTEX (21): | 1.1673 | |
| Stochastique (14,3,5): | 79.66 | |
| TEMA (21): | 8.4499 | |
| Williams %R (14): | -23.67 | |
| Chande Momentum Oscillator (20): | 0.0265 | |
| Repulse (5,40,3): | -0.0055 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0064 | |
| Courbe Coppock: | 0.66 |
| MA7: | 8.4111 | |
| MA20: | 8.4549 | |
| MA50: | 8.4873 | |
| MA100: | 8.3270 | |
| MAexp7: | 8.4468 | |
| MAexp20: | 8.4369 | |
| MAexp50: | 8.4297 | |
| MAexp100: | 8.4214 | |
| Price / MA7: | +0.38% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | -0.52% | |
| Price / MA100: | +1.40% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.26% |
Quotes :
2020-10-05 06:21:35
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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.
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