CHF/HKD
CHF HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFHKD
ISIN:

CHF/HKD - Daily - Technical analysis published on 06/18/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 8.4813 HKD
My targets
8.3415 HKD (-0.0747)
8.2367 HKD (-0.1795)
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 8.4813 HKD. The sellers' bearish objective is set at 8.3415 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.2367 HKD. In case of crossing, the next objective would be the support located at 8.0946 HKD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.6

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. 1H Weekly

Additional analysis

Quotes

CHF/HKD rating 8.4162 HKD. On the day, this instrument lost -0.53% and was traded between 8.4088 HKD and 8.4684 HKD over the period. The price is currently at +0.09% from its lowest and -0.62% from its highest.

8.4088
8.4684
8.4162

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of CHF/HKD indicates that the overall trend is bearish. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily



Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily


MACD indicator is back under 0

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily


Support of triangle is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.0946 8.2367 8.3415 8.4162 8.4354 8.4813 8.5737
Change (%) -3.82% -2.13% -0.89% - +0.23% +0.77% +1.87%
Change -0.3216 -0.1795 -0.0747 - +0.0192 +0.0651 +0.1575
Level Minor Major Minor - Intermediate Major Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.32008.38528.42298.48818.52588.59108.6287
Camarilla8.43238.44178.45128.46068.47008.47958.4889
Woodie8.30638.37838.40928.48128.51218.58418.6150
Fibonacci8.38528.42458.44888.48818.52748.55178.5910


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.52028.56478.60388.64838.68748.73198.7710
Camarilla8.61988.62758.63518.64288.65058.65818.6658
Woodie8.51748.56348.60108.64708.68468.73068.7682
Fibonacci8.56478.59678.61648.64838.68038.70008.7319


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.29808.38768.51278.60238.72748.81708.9421
Camarilla8.57888.59848.61818.63788.65758.67728.6968
Woodie8.31588.39658.53058.61128.74528.82598.9599
Fibonacci8.38768.46968.52038.60238.68438.73508.8170

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): 29.77
MACD (12,26,9): -0.0150
Directional Movement: -20.4943
AROON (14): -50.0000
DEMA (21): 8.5813
Parabolic SAR (0,02-0,02-0,2): 8.6802
Elder Ray (13): -0.1360
Super Trend (3,10): 8.6149
Zig ZAG (10): 8.4150
VORTEX (21): 0.8439
Stochastique (14,3,5): 2.41
TEMA (21): 8.5374
Williams %R (14): -98.17
Chande Momentum Oscillator (20): -0.2226
Repulse (5,40,3): -2.3307
ROCnROLL: 2
TRIX (15,9): 0.0255
Courbe Coppock: 1.85
MA7: 8.5726
MA20: 8.6176
MA50: 8.5650
MA100: 8.5139
MAexp7: 8.5382
MAexp20: 8.5879
MAexp50: 8.5672
MAexp100: 8.5480
Price / MA7: -1.82%
Price / MA20: -2.34%
Price / MA50: -1.74%
Price / MA100: -1.15%
Price / MAexp7: -1.43%
Price / MAexp20: -2.00%
Price / MAexp50: -1.76%
Price / MAexp100: -1.54%

Quotes : - Real time data - Forex

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

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