CHF/HKD - 1H - Technical analysis published on 10/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 7.8589 HKD
My targets
7.8934 HKD (+0.0144)
7.9159 HKD (+0.0369)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 7.8589 HKD remains possible. It is advisable to trade CHF/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 7.8589 HKD. The next bullish objective for buyers is set at 7.8934 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.9159 HKD. If there is any crossing, the next objective would be the resistance located at 7.9446 HKD. PS: if there is a bearish break in the support located at 7.8589 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/HKD rating is 7.8790 HKD. The price registered a decrease of -0.04% on the session and was traded between 7.8664 HKD and 7.9138 HKD over the period. The price is currently at +0.16% from its lowest and -0.44% from its highest.7.8664
7.9138
7.8790
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/HKD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral 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 technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.7977 | 7.8334 | 7.8589 | 7.8790 | 7.8934 | 7.9159 | 7.9446 |
| Change (%) | -1.03% | -0.58% | -0.26% | - | +0.18% | +0.47% | +0.83% |
| Change | -0.0813 | -0.0456 | -0.0201 | - | +0.0144 | +0.0369 | +0.0656 |
| Level | Major | Intermediate | Minor | - | Intermediate | 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 | 7.7403 | 7.7731 | 7.8278 | 7.8606 | 7.9153 | 7.9481 | 8.0028 |
| Camarilla | 7.8584 | 7.8665 | 7.8745 | 7.8825 | 7.8905 | 7.8985 | 7.9066 |
| Woodie | 7.7513 | 7.7786 | 7.8388 | 7.8661 | 7.9263 | 7.9536 | 8.0138 |
| Fibonacci | 7.7731 | 7.8065 | 7.8272 | 7.8606 | 7.8940 | 7.9147 | 7.9481 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.6367 | 7.7143 | 7.7603 | 7.8379 | 7.8839 | 7.9615 | 8.0075 |
| Camarilla | 7.7722 | 7.7835 | 7.7949 | 7.8062 | 7.8175 | 7.8289 | 7.8402 |
| Woodie | 7.6208 | 7.7064 | 7.7444 | 7.8300 | 7.8680 | 7.9536 | 7.9916 |
| Fibonacci | 7.7143 | 7.7616 | 7.7907 | 7.8379 | 7.8852 | 7.9143 | 7.9615 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.3917 | 7.6340 | 7.7940 | 8.0363 | 8.1963 | 8.4386 | 8.5986 |
| Camarilla | 7.8434 | 7.8803 | 7.9171 | 7.9540 | 7.9909 | 8.0278 | 8.0646 |
| Woodie | 7.3506 | 7.6134 | 7.7529 | 8.0157 | 8.1552 | 8.4180 | 8.5575 |
| Fibonacci | 7.6340 | 7.7877 | 7.8826 | 8.0363 | 8.1900 | 8.2849 | 8.4386 |
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): | 49.58 | |
| MACD (12,26,9): | 0.0055 | |
| Directional Movement: | 4.2777 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 7.8929 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.9043 | |
| Elder Ray (13): | -0.0069 | |
| Super Trend (3,10): | 7.8663 | |
| Zig ZAG (10): | 7.8790 | |
| VORTEX (21): | 0.9857 | |
| Stochastique (14,3,5): | 34.39 | |
| TEMA (21): | 7.8892 | |
| Williams %R (14): | -73.42 | |
| Chande Momentum Oscillator (20): | -0.0228 | |
| Repulse (5,40,3): | 0.0097 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0172 | |
| Courbe Coppock: | 0.07 |
| MA7: | 7.8566 | |
| MA20: | 7.9370 | |
| MA50: | 8.0633 | |
| MA100: | 8.0873 | |
| MAexp7: | 7.8860 | |
| MAexp20: | 7.8836 | |
| MAexp50: | 7.8703 | |
| MAexp100: | 7.8669 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | -0.73% | |
| Price / MA50: | -2.29% | |
| Price / MA100: | -2.58% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.15% |
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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