CHF/HKD - 1H - Technical analysis published on 01/24/2022 (GMT)
- 241
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 8.5166 HKD
My targets
8.5476 HKD (+0.0131)
8.5678 HKD (+0.0333)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/HKD as long as the price remains well above 8.5166 HKD. The buyers' bullish objective is set at 8.5476 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.5678 HKD. If there is any crossing, the next objective would be the resistance located at 8.6051 HKD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.6
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:
Additional analysis
Quotes
The CHF/HKD rating is 8.5345 HKD. The price registered a decrease of -0.05% on the session and was between 8.5155 HKD and 8.5448 HKD. This implies that the price is at +0.22% from its lowest and at -0.12% from its highest.8.5155
8.5448
8.5345
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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
A technical analysis in 1H of this CHF/HKD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 8.5021 | 8.5166 | 8.5321 | 8.5345 | 8.5476 | 8.5678 | 8.6051 |
| Change (%) | -0.38% | -0.21% | -0.03% | - | +0.15% | +0.39% | +0.83% |
| Change | -0.0324 | -0.0179 | -0.0024 | - | +0.0131 | +0.0333 | +0.0706 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Minor |
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 | 8.4459 | 8.4681 | 8.5034 | 8.5256 | 8.5609 | 8.5831 | 8.6184 |
| Camarilla | 8.5229 | 8.5282 | 8.5334 | 8.5387 | 8.5440 | 8.5492 | 8.5545 |
| Woodie | 8.4525 | 8.4714 | 8.5100 | 8.5289 | 8.5675 | 8.5864 | 8.6250 |
| Fibonacci | 8.4681 | 8.4901 | 8.5036 | 8.5256 | 8.5476 | 8.5611 | 8.5831 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4282 | 8.4540 | 8.4963 | 8.5221 | 8.5644 | 8.5902 | 8.6325 |
| Camarilla | 8.5200 | 8.5262 | 8.5325 | 8.5387 | 8.5449 | 8.5512 | 8.5574 |
| Woodie | 8.4366 | 8.4581 | 8.5047 | 8.5262 | 8.5728 | 8.5943 | 8.6409 |
| Fibonacci | 8.4540 | 8.4800 | 8.4961 | 8.5221 | 8.5481 | 8.5642 | 8.5902 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2684 | 8.3319 | 8.4403 | 8.5038 | 8.6122 | 8.6757 | 8.7841 |
| Camarilla | 8.5015 | 8.5173 | 8.5330 | 8.5488 | 8.5646 | 8.5803 | 8.5961 |
| Woodie | 8.2910 | 8.3431 | 8.4629 | 8.5150 | 8.6348 | 8.6869 | 8.8067 |
| Fibonacci | 8.3319 | 8.3975 | 8.4381 | 8.5038 | 8.5694 | 8.6100 | 8.6757 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.15 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 4.0723 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 8.5297 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.5155 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 8.5140 | |
| Zig ZAG (10): | 8.5359 | |
| VORTEX (21): | 0.9839 | |
| Stochastique (14,3,5): | 38.27 | |
| TEMA (21): | 8.5262 | |
| Williams %R (14): | -34.81 | |
| Chande Momentum Oscillator (20): | -0.0041 | |
| Repulse (5,40,3): | 0.2164 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0049 | |
| Courbe Coppock: | 0.35 |
| MA7: | 8.5161 | |
| MA20: | 8.5047 | |
| MA50: | 8.4646 | |
| MA100: | 8.4527 | |
| MAexp7: | 8.5271 | |
| MAexp20: | 8.5275 | |
| MAexp50: | 8.5220 | |
| MAexp100: | 8.5161 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +0.83% | |
| Price / MA100: | +0.97% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.22% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CHF/HKD - 1H