CHF/HKD - 1H - Technical analysis published on 09/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 8.2302 HKD
My targets
8.2760 HKD (+0.0299)
8.3795 HKD (+0.1334)
My analysis
CHF/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.2302 HKD. The next resistance located at 8.2760 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.3795 HKD. After this resistance, buyers could then target 8.4813 HKD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/HKD rating 8.2461 HKD. On the day, this instrument gained +0.94% with the lowest point at 8.1674 HKD and the highest point at 8.2504 HKD. The deviation from the price is +0.96% for the low point and -0.05% for the high point.8.1674
8.2504
8.2461
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/HKD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/HKD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
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 | 8.1143 | 8.1528 | 8.2302 | 8.2461 | 8.3795 | 8.4813 | 8.8283 |
| Change (%) | -1.60% | -1.13% | -0.19% | - | +1.62% | +2.85% | +7.06% |
| Change | -0.1318 | -0.0933 | -0.0159 | - | +0.1334 | +0.2352 | +0.5822 |
| Level | Major | Minor | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9877 | 8.0449 | 8.1070 | 8.1642 | 8.2263 | 8.2835 | 8.3456 |
| Camarilla | 8.1364 | 8.1473 | 8.1583 | 8.1692 | 8.1801 | 8.1911 | 8.2020 |
| Woodie | 7.9903 | 8.0461 | 8.1096 | 8.1654 | 8.2289 | 8.2847 | 8.3482 |
| Fibonacci | 8.0449 | 8.0904 | 8.1186 | 8.1642 | 8.2097 | 8.2379 | 8.2835 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7394 | 7.8462 | 8.0077 | 8.1145 | 8.2760 | 8.3828 | 8.5443 |
| Camarilla | 8.0954 | 8.1200 | 8.1446 | 8.1692 | 8.1938 | 8.2184 | 8.2430 |
| Woodie | 7.7668 | 7.8599 | 8.0351 | 8.1282 | 8.3034 | 8.3965 | 8.5717 |
| Fibonacci | 7.8462 | 7.9487 | 8.0120 | 8.1145 | 8.2170 | 8.2803 | 8.3828 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.5189 | 7.7606 | 7.8874 | 8.1291 | 8.2559 | 8.4976 | 8.6244 |
| Camarilla | 7.9130 | 7.9467 | 7.9805 | 8.0143 | 8.0481 | 8.0819 | 8.1156 |
| Woodie | 7.4616 | 7.7319 | 7.8301 | 8.1004 | 8.1986 | 8.4689 | 8.5671 |
| Fibonacci | 7.7606 | 7.9013 | 7.9883 | 8.1291 | 8.2698 | 8.3568 | 8.4976 |
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): | 72.61 | |
| MACD (12,26,9): | 0.0225 | |
| Directional Movement: | 24.0322 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 8.2344 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.2091 | |
| Elder Ray (13): | 0.0234 | |
| Super Trend (3,10): | 8.1845 | |
| Zig ZAG (10): | 8.2469 | |
| VORTEX (21): | 1.1540 | |
| Stochastique (14,3,5): | 87.36 | |
| TEMA (21): | 8.2373 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0651 | |
| Repulse (5,40,3): | 0.4401 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0337 | |
| Courbe Coppock: | 1.25 |
| MA7: | 8.0783 | |
| MA20: | 8.1128 | |
| MA50: | 8.1345 | |
| MA100: | 8.0986 | |
| MAexp7: | 8.2297 | |
| MAexp20: | 8.2047 | |
| MAexp50: | 8.1617 | |
| MAexp100: | 8.1151 | |
| Price / MA7: | +2.08% | |
| Price / MA20: | +1.64% | |
| Price / MA50: | +1.37% | |
| Price / MA100: | +1.82% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +1.03% | |
| Price / MAexp100: | +1.61% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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