CHF/HKD - 1H - Technical analysis published on 01/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 8.3936 HKD
My targets
8.5154 HKD (+0.0419)
8.5594 HKD (+0.0859)
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 8.3936 HKD. The buyers' bullish objective is set at 8.5154 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.5594 HKD. If there is any crossing, the next objective would be the resistance located at 8.6747 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.6
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Additional analysis
Quotes
The CHF/HKD rating is 8.4735 HKD. On the day, this instrument lost -0.01% and was between 8.4645 HKD and 8.4835 HKD. This implies that the price is at +0.11% from its lowest and at -0.12% from its highest.8.4645
8.4835
8.4735
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on CHF/HKD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of CHF/HKD indicates that the overall trend is strongly bullish. 85.71% 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 a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
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 resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.3320 | 8.3569 | 8.3904 | 8.4735 | 8.4813 | 8.5154 | 8.6747 |
| Change (%) | -1.67% | -1.38% | -0.98% | - | +0.09% | +0.49% | +2.37% |
| Change | -0.1415 | -0.1166 | -0.0831 | - | +0.0078 | +0.0419 | +0.2012 |
| Level | Major | Minor | Minor | - | 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 | 8.3059 | 8.3560 | 8.4151 | 8.4652 | 8.5243 | 8.5744 | 8.6335 |
| Camarilla | 8.4441 | 8.4541 | 8.4641 | 8.4741 | 8.4841 | 8.4941 | 8.5041 |
| Woodie | 8.3103 | 8.3583 | 8.4195 | 8.4675 | 8.5287 | 8.5767 | 8.6379 |
| Fibonacci | 8.3560 | 8.3978 | 8.4235 | 8.4652 | 8.5070 | 8.5327 | 8.5744 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.1541 | 8.2278 | 8.3199 | 8.3936 | 8.4857 | 8.5594 | 8.6515 |
| Camarilla | 8.3665 | 8.3817 | 8.3969 | 8.4121 | 8.4273 | 8.4425 | 8.4577 |
| Woodie | 8.1634 | 8.2324 | 8.3292 | 8.3982 | 8.4950 | 8.5640 | 8.6608 |
| Fibonacci | 8.2278 | 8.2911 | 8.3302 | 8.3936 | 8.4569 | 8.4960 | 8.5594 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0243 | 8.1222 | 8.2764 | 8.3743 | 8.5285 | 8.6264 | 8.7806 |
| Camarilla | 8.3613 | 8.3844 | 8.4075 | 8.4306 | 8.4537 | 8.4768 | 8.4999 |
| Woodie | 8.0525 | 8.1363 | 8.3046 | 8.3884 | 8.5567 | 8.6405 | 8.8088 |
| Fibonacci | 8.1222 | 8.2185 | 8.2780 | 8.3743 | 8.4706 | 8.5301 | 8.6264 |
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): | 54.30 | |
| MACD (12,26,9): | 0.0104 | |
| Directional Movement: | 11.2095 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 8.4853 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.5096 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 8.4466 | |
| Zig ZAG (10): | 8.4708 | |
| VORTEX (21): | 1.1002 | |
| Stochastique (14,3,5): | 19.44 | |
| TEMA (21): | 8.4783 | |
| Williams %R (14): | -86.09 | |
| Chande Momentum Oscillator (20): | -0.0116 | |
| Repulse (5,40,3): | -0.0655 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0268 | |
| Courbe Coppock: | 0.25 |
| MA7: | 8.4140 | |
| MA20: | 8.4000 | |
| MA50: | 8.2744 | |
| MA100: | 8.1318 | |
| MAexp7: | 8.4730 | |
| MAexp20: | 8.4683 | |
| MAexp50: | 8.4416 | |
| MAexp100: | 8.4218 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | +2.41% | |
| Price / MA100: | +4.20% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.61% |
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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