CHF/HKD

- HKD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFHKD
ISIN:

CHF/HKD - Daily - Technical analysis published on 09/06/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

11%

72%

17%

My opinion

Bearish under 8.8842 HKD

My targets

8.6063 HKD (-0.2109)

8.4813 HKD (-0.3359)

My analysis

The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CHF/HKD as long as the price remains well below 8.8842 HKD. The sellers' bearish objective is set at 8.6063 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.4813 HKD. If there is any crossing, the next objective would be the support located at 8.3324 HKD.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

Comment on the analysis

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.

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

Additional analysis

Quotes

CHF/HKD rating 8.8172 HKD. The price registered an increase of +0.01% on the session with the lowest point at 8.8080 HKD and the highest point at 8.8175 HKD. The deviation from the price is +0.10% for the low point and +0.00% for the high point.

8.8080

8.8175

8.8172

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this CHF/HKD chart shows a neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.3324	8.4813	8.6063	8.8172	8.8842	9.0741	10.7929
Change (%)	-5.50%	-3.81%	-2.39%	-	+0.76%	+2.91%	+22.41%
Change	-0.4848	-0.3359	-0.2109	-	+0.0670	+0.2569	+1.9757
Level	Major	Intermediate	Major	-	Major	Major	Intermediate

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	8.7377	8.7722	8.7943	8.8288	8.8509	8.8854	8.9075
Camarilla	8.8009	8.8061	8.8113	8.8165	8.8217	8.8269	8.8321
Woodie	8.7316	8.7691	8.7882	8.8257	8.8448	8.8823	8.9014
Fibonacci	8.7722	8.7938	8.8072	8.8288	8.8504	8.8638	8.8854

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.6918	8.7715	8.8142	8.8939	8.9366	9.0163	9.0590
Camarilla	8.8233	8.8346	8.8458	8.8570	8.8682	8.8794	8.8907
Woodie	8.6734	8.7623	8.7958	8.8847	8.9182	9.0071	9.0406
Fibonacci	8.7715	8.8182	8.8471	8.8939	8.9406	8.9695	9.0163

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.6561	8.7469	8.8127	8.9035	8.9693	9.0601	9.1259
Camarilla	8.8353	8.8497	8.8641	8.8784	8.8928	8.9071	8.9215
Woodie	8.6435	8.7407	8.8001	8.8973	8.9567	9.0539	9.1133
Fibonacci	8.7469	8.8068	8.8437	8.9035	8.9634	9.0003	9.0601

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):	38.27
MACD (12,26,9):	-0.0205
Directional Movement:	-7.4700
AROON (14):	-28.5714
DEMA (21):	8.8623
Parabolic SAR (0,02-0,02-0,2):	8.9702
Elder Ray (13):	-0.0582
Super Trend (3,10):	8.9768
Zig ZAG (10):	8.8124
VORTEX (21):	0.9249
Stochastique (14,3,5):	7.56
TEMA (21):	8.8330
Williams %R (14):	-96.76
Chande Momentum Oscillator (20):	-0.1099
Repulse (5,40,3):	-0.7789
ROCnROLL:	2
TRIX (15,9):	-0.0203
Courbe Coppock:	1.13

MA7:	8.8687
MA20:	8.8886
MA50:	8.9136
MA100:	8.8216
MAexp7:	8.8517
MAexp20:	8.8837
MAexp50:	8.8776
MAexp100:	8.8035
Price / MA7:	-0.58%
Price / MA20:	-0.80%
Price / MA50:	-1.08%
Price / MA100:	-0.05%
Price / MAexp7:	-0.39%
Price / MAexp20:	-0.75%
Price / MAexp50:	-0.68%
Price / MAexp100:	+0.16%

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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