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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 02/02/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 8.6051 HKD
My targets
8.6747 HKD (+0.0362)
8.7956 HKD (+0.1571)
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 8.6051 HKD. The next resistance located at 8.6747 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 8.7956 HKD. After this resistance, buyers could then target 8.8283 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7

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.

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

Additional analysis

Quotes

The CHF/HKD price is 8.6385 HKD. On the day, this instrument lost -0.01% and was traded between 8.6197 HKD and 8.6540 HKD over the period. The price is currently at +0.22% from its lowest and -0.18% from its highest.

8.6197
8.6540
8.6385

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/HKD:
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



Abnormal volumes on CHF/HKD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this CHF/HKD chart shows a strongly bullish trend. 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 detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour


Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.4813 8.5182 8.5487 8.6385 8.6747 8.8283 9.0741
Change (%) -1.82% -1.39% -1.04% - +0.42% +2.20% +5.04%
Change -0.1572 -0.1203 -0.0898 - +0.0362 +0.1898 +0.4356
Level Major Minor Minor - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.45378.49668.56818.61108.68258.72548.7969
Camarilla8.60828.61878.62928.63978.65028.66078.6712
Woodie8.46818.50388.58258.61828.69698.73268.8113
Fibonacci8.49668.54038.56738.61108.65478.68178.7254


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.33038.38438.44078.49478.55118.60518.6615
Camarilla8.46668.47688.48698.49708.50718.51728.5274
Woodie8.33148.38498.44188.49538.55228.60578.6626
Fibonacci8.38438.42658.45268.49478.53698.56308.6051


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.06078.18108.36808.48838.67538.79568.9826
Camarilla8.47048.49868.52678.55498.58318.61128.6394
Woodie8.09408.19778.40138.50508.70868.81239.0159
Fibonacci8.18108.29848.37098.48838.60578.67828.7956

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): 66.88
MACD (12,26,9): 0.0218
Directional Movement: 9.1472
AROON (14): 35.7143
DEMA (21): 8.6508
Parabolic SAR (0,02-0,02-0,2): 8.6068
Elder Ray (13): -0.0011
Super Trend (3,10): 8.5993
Zig ZAG (10): 8.6392
VORTEX (21): 1.1522
Stochastique (14,3,5): 77.40
TEMA (21): 8.6523
Williams %R (14): -39.10
Chande Momentum Oscillator (20): 0.0051
Repulse (5,40,3): 0.0633
ROCnROLL: 1
TRIX (15,9): 0.0412
Courbe Coppock: 1.18
MA7: 8.5486
MA20: 8.4968
MA50: 8.4050
MA100: 8.2017
MAexp7: 8.6377
MAexp20: 8.6209
MAexp50: 8.5816
MAexp100: 8.5515
Price / MA7: +1.05%
Price / MA20: +1.67%
Price / MA50: +2.78%
Price / MA100: +5.33%
Price / MAexp7: +0.01%
Price / MAexp20: +0.20%
Price / MAexp50: +0.66%
Price / MAexp100: +1.02%

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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