CHF/HKD - Daily - Technical analysis published on 12/09/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 8.4813 HKD
My targets
8.3880 HKD (-0.0356)
8.3342 HKD (-0.0894)
My analysis
All elements being rather 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 next bearish objective for sellers is set at 8.3880 HKD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 8.3342 HKD. If there is any crossing, the next objective would be the support located at 8.2367 HKD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
Technical indicators are neural in the very short term 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 rating is 8.4236 HKD. On the day, this instrument lost -0.60% and was between 8.4214 HKD and 8.4760 HKD. This implies that the price is at +0.03% from its lowest and at -0.62% from its highest.8.4214
8.4760
8.4236
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
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
Technical
Technical analysis of CHF/HKD in Daily shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 8.2367 | 8.3342 | 8.3880 | 8.4236 | 8.4301 | 8.4813 | 8.5590 |
| Change (%) | -2.22% | -1.06% | -0.42% | - | +0.08% | +0.68% | +1.61% |
| Change | -0.1869 | -0.0894 | -0.0356 | - | +0.0065 | +0.0577 | +0.1354 |
| Level | Minor | Major | Intermediate | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3874 | 8.4069 | 8.4405 | 8.4600 | 8.4936 | 8.5131 | 8.5467 |
| Camarilla | 8.4594 | 8.4643 | 8.4691 | 8.4740 | 8.4789 | 8.4837 | 8.4886 |
| Woodie | 8.3944 | 8.4104 | 8.4475 | 8.4635 | 8.5006 | 8.5166 | 8.5537 |
| Fibonacci | 8.4069 | 8.4272 | 8.4398 | 8.4600 | 8.4803 | 8.4929 | 8.5131 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3295 | 8.3704 | 8.4315 | 8.4724 | 8.5335 | 8.5744 | 8.6355 |
| Camarilla | 8.4645 | 8.4738 | 8.4832 | 8.4925 | 8.5019 | 8.5112 | 8.5206 |
| Woodie | 8.3395 | 8.3755 | 8.4415 | 8.4775 | 8.5435 | 8.5795 | 8.6455 |
| Fibonacci | 8.3704 | 8.4094 | 8.4335 | 8.4724 | 8.5114 | 8.5355 | 8.5744 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0978 | 8.2084 | 8.3438 | 8.4544 | 8.5898 | 8.7004 | 8.8358 |
| Camarilla | 8.4116 | 8.4341 | 8.4567 | 8.4792 | 8.5018 | 8.5243 | 8.5469 |
| Woodie | 8.1102 | 8.2146 | 8.3562 | 8.4606 | 8.6022 | 8.7066 | 8.8482 |
| Fibonacci | 8.2084 | 8.3024 | 8.3604 | 8.4544 | 8.5484 | 8.6064 | 8.7004 |
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): | 47.95 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 4.3380 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 8.4396 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.3716 | |
| Elder Ray (13): | 0.0080 | |
| Super Trend (3,10): | 8.3116 | |
| Zig ZAG (10): | 8.4253 | |
| VORTEX (21): | 0.9505 | |
| Stochastique (14,3,5): | 64.80 | |
| TEMA (21): | 8.4434 | |
| Williams %R (14): | -45.32 | |
| Chande Momentum Oscillator (20): | 0.0753 | |
| Repulse (5,40,3): | -0.4609 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0080 | |
| Courbe Coppock: | 1.35 |
| MA7: | 8.4558 | |
| MA20: | 8.4195 | |
| MA50: | 8.4417 | |
| MA100: | 8.4593 | |
| MAexp7: | 8.4451 | |
| MAexp20: | 8.4405 | |
| MAexp50: | 8.4442 | |
| MAexp100: | 8.4580 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | -0.21% | |
| Price / MA100: | -0.42% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.41% |
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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