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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 06/14/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 8.6927 HKD
My targets
8.7910 HKD (+0.0668)
8.8842 HKD (+0.1600)
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 8.6927 HKD. The buyers' bullish objective is set at 8.7910 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.8842 HKD. If there is any crossing, the next objective would be the resistance located at 9.0741 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
8.2

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

The CHF/HKD price is 8.7242 HKD. On the day, this instrument gained +0.83% with the lowest point at 8.6437 HKD and the highest point at 8.7252 HKD. The deviation from the price is +0.93% for the low point and -0.01% for the high point.

8.6437
8.7252
8.7242

Here is a more detailed summary of the historical variations registered by CHF/HKD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 8.6747 8.6927 8.7216 8.7242 8.8842 9.0741 10.7929
Change (%) -0.57% -0.36% -0.03% - +1.83% +4.01% +23.71%
Change -0.0495 -0.0315 -0.0026 - +0.1600 +0.3499 +2.0687
Level Major Minor Intermediate - Major Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.56948.59428.62358.64838.67768.70248.7317
Camarilla8.63798.64298.64788.65288.65788.66278.6677
Woodie8.57178.59538.62588.64948.67998.70358.7340
Fibonacci8.59428.61498.62768.64838.66908.68178.7024


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.48098.53808.60748.66458.73398.79108.8604
Camarilla8.64198.65358.66518.67678.68838.69998.7115
Woodie8.48708.54118.61358.66768.74008.79418.8665
Fibonacci8.53808.58648.61628.66458.71298.74278.7910


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.13418.34578.47588.68748.81759.02919.1592
Camarilla8.51188.54328.57458.60588.63718.66858.6998
Woodie8.09338.32538.43508.66708.77679.00879.1184
Fibonacci8.34578.47638.55698.68748.81808.89869.0291

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): 80.16
MACD (12,26,9): 0.0125
Directional Movement: 32.5465
AROON (14): 50.0000
DEMA (21): 8.6830
Parabolic SAR (0,02-0,02-0,2): 8.6540
Elder Ray (13): 0.0369
Super Trend (3,10): 8.6721
Zig ZAG (10): 8.7202
VORTEX (21): 1.2259
Stochastique (14,3,5): 95.27
TEMA (21): 8.6932
Williams %R (14): -6.29
Chande Momentum Oscillator (20): 0.0605
Repulse (5,40,3): 0.5458
ROCnROLL: 1
TRIX (15,9): 0.0103
Courbe Coppock: 0.67
MA7: 8.6648
MA20: 8.6601
MA50: 8.7268
MA100: 8.6090
MAexp7: 8.6882
MAexp20: 8.6693
MAexp50: 8.6599
MAexp100: 8.6573
Price / MA7: +0.69%
Price / MA20: +0.74%
Price / MA50: -0.03%
Price / MA100: +1.34%
Price / MAexp7: +0.41%
Price / MAexp20: +0.63%
Price / MAexp50: +0.74%
Price / MAexp100: +0.77%

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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