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CHF/HKD
CHF HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFHKD
ISIN:

CHF/HKD - 1H - Technical analysis published on 01/18/2023 (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 bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 8.5148 HKD
My targets
8.6005 HKD (+0.0277)
8.6747 HKD (+0.1019)
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 8.5148 HKD. The buyers' bullish objective is set at 8.6005 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.6747 HKD. If there is any crossing, the next objective would be the resistance located at 8.8283 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CHF/HKD rating 8.5728 HKD. The price registered an increase of +1.10% on the session with the lowest point at 8.4609 HKD and the highest point at 8.5826 HKD. The deviation from the price is +1.32% for the low point and -0.11% for the high point.

8.4609
8.5826
8.5728

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of CHF/HKD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.3822 8.4813 8.5148 8.5728 8.6747 8.8283 9.0741
Change (%) -2.22% -1.07% -0.68% - +1.19% +2.98% +5.85%
Change -0.1906 -0.0915 -0.0580 - +0.1019 +0.2555 +0.5013
Level Minor Major Intermediate - Minor 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
Standard8.34268.38398.43178.47308.52088.56218.6099
Camarilla8.45518.46338.47148.47968.48788.49598.5041
Woodie8.34608.38558.43518.47468.52428.56378.6133
Fibonacci8.38398.41798.43898.47308.50708.52808.5621


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.17098.25738.34258.42898.51418.60058.6857
Camarilla8.38048.39618.41198.42768.44338.45918.4748
Woodie8.17028.25708.34188.42868.51348.60028.6850
Fibonacci8.25738.32298.36348.42898.49458.53508.6005


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.02438.12228.27648.37438.52858.62648.7806
Camarilla8.36138.38448.40758.43068.45378.47688.4999
Woodie8.05258.13638.30468.38848.55678.64058.8088
Fibonacci8.12228.21858.27808.37438.47068.53018.6264

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): 78.50
MACD (12,26,9): 0.0271
Directional Movement: 26.7177
AROON (14): 78.5714
DEMA (21): 8.5515
Parabolic SAR (0,02-0,02-0,2): 8.5075
Elder Ray (13): 0.0314
Super Trend (3,10): 8.5157
Zig ZAG (10): 8.5779
VORTEX (21): 1.2115
Stochastique (14,3,5): 92.68
TEMA (21): 8.5671
Williams %R (14): -1.33
Chande Momentum Oscillator (20): 0.0941
Repulse (5,40,3): 0.4682
ROCnROLL: 1
TRIX (15,9): 0.0313
Courbe Coppock: 1.80
MA7: 8.4572
MA20: 8.4201
MA50: 8.3417
MA100: 8.1534
MAexp7: 8.5551
MAexp20: 8.5193
MAexp50: 8.4858
MAexp100: 8.4616
Price / MA7: +1.37%
Price / MA20: +1.81%
Price / MA50: +2.77%
Price / MA100: +5.14%
Price / MAexp7: +0.21%
Price / MAexp20: +0.63%
Price / MAexp50: +1.03%
Price / MAexp100: +1.31%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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