CHF/HKD - 1H - Technical analysis published on 09/18/2022 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 8.1501 HKD
My targets
8.1143 HKD (-0.0191)
8.0425 HKD (-0.0909)
My analysis
The bearish trend is currently very strong for CHF/HKD. As long as the price remains below the resistance at 8.1501 HKD, you could try to take advantage of the bearish rally. The first bearish objective is located at 8.1143 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.0425 HKD as an objective. Crossing it would then enable sellers to target 7.9856 HKD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The CHF/HKD rating is 8.1334 HKD. On the day, this instrument lost -0.01% and was between 8.1334 HKD and 8.1338 HKD. This implies that the price is at 0% from its lowest and at +0.00% from its highest.8.1334
8.1338
8.1334
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/HKD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.9856 | 8.0425 | 8.1143 | 8.1334 | 8.1501 | 8.2236 | 8.2538 |
| Change (%) | -1.82% | -1.12% | -0.23% | - | +0.21% | +1.11% | +1.48% |
| Change | -0.1478 | -0.0909 | -0.0191 | - | +0.0167 | +0.0902 | +0.1204 |
| Level | Major | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0631 | 8.0939 | 8.1138 | 8.1446 | 8.1645 | 8.1953 | 8.2152 |
| Camarilla | 8.1199 | 8.1245 | 8.1292 | 8.1338 | 8.1385 | 8.1431 | 8.1477 |
| Woodie | 8.0578 | 8.0912 | 8.1085 | 8.1419 | 8.1592 | 8.1926 | 8.2099 |
| Fibonacci | 8.0939 | 8.1132 | 8.1252 | 8.1446 | 8.1639 | 8.1759 | 8.1953 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9254 | 8.0250 | 8.0794 | 8.1790 | 8.2334 | 8.3330 | 8.3874 |
| Camarilla | 8.0915 | 8.1056 | 8.1197 | 8.1338 | 8.1479 | 8.1620 | 8.1762 |
| Woodie | 7.9028 | 8.0137 | 8.0568 | 8.1677 | 8.2108 | 8.3217 | 8.3648 |
| Fibonacci | 8.0250 | 8.0838 | 8.1202 | 8.1790 | 8.2378 | 8.2742 | 8.3330 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.30 | |
| MACD (12,26,9): | -0.0078 | |
| Directional Movement: | -3.4990 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 8.1365 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.1651 | |
| Elder Ray (13): | -0.0029 | |
| Super Trend (3,10): | 8.1774 | |
| Zig ZAG (10): | 8.1338 | |
| VORTEX (21): | 0.9155 | |
| Stochastique (14,3,5): | 21.72 | |
| TEMA (21): | 8.1329 | |
| Williams %R (14): | -81.03 | |
| Chande Momentum Oscillator (20): | -0.0048 | |
| Repulse (5,40,3): | -0.1506 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0119 | |
| Courbe Coppock: | 0.34 |
| MA7: | 8.1615 | |
| MA20: | 8.0998 | |
| MA50: | 8.1411 | |
| MA100: | 8.1009 | |
| MAexp7: | 8.1376 | |
| MAexp20: | 8.1463 | |
| MAexp50: | 8.1570 | |
| MAexp100: | 8.1583 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | +0.41% | |
| Price / MA50: | -0.09% | |
| Price / MA100: | +0.40% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.31% |
Quotes :
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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.
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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