CHF/HKD - 1H - Technical analysis published on 10/09/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 8.5877 HKD
My targets
8.6317 HKD (+0.0297)
8.7299 HKD (+0.1279)
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 8.5877 HKD. The buyers' bullish objective is set at 8.6317 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.7299 HKD. If there is any crossing, the next objective would be the resistance located at 8.8283 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/HKD price is 8.6020 HKD. The price registered a decrease of -0.06% on the session and was between 8.5828 HKD and 8.6262 HKD. This implies that the price is at +0.22% from its lowest and at -0.28% from its highest.8.5828
8.6262
8.6020
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/HKD chart shows a strongly bullish trend. 82.14% 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 scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 8.5355 | 8.5619 | 8.5877 | 8.6020 | 8.6063 | 8.6317 | 8.8283 |
| Change (%) | -0.77% | -0.47% | -0.17% | - | +0.05% | +0.35% | +2.63% |
| Change | -0.0665 | -0.0401 | -0.0143 | - | +0.0043 | +0.0297 | +0.2263 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | 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 | 8.4550 | 8.4953 | 8.5512 | 8.5915 | 8.6474 | 8.6877 | 8.7436 |
| Camarilla | 8.5808 | 8.5896 | 8.5984 | 8.6072 | 8.6160 | 8.6248 | 8.6337 |
| Woodie | 8.4629 | 8.4992 | 8.5591 | 8.5954 | 8.6553 | 8.6916 | 8.7515 |
| Fibonacci | 8.4953 | 8.5320 | 8.5547 | 8.5915 | 8.6282 | 8.6509 | 8.6877 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3494 | 8.4107 | 8.5090 | 8.5703 | 8.6686 | 8.7299 | 8.8282 |
| Camarilla | 8.5633 | 8.5779 | 8.5926 | 8.6072 | 8.6218 | 8.6365 | 8.6511 |
| Woodie | 8.3678 | 8.4200 | 8.5274 | 8.5796 | 8.6870 | 8.7392 | 8.8466 |
| Fibonacci | 8.4107 | 8.4717 | 8.5094 | 8.5703 | 8.6313 | 8.6690 | 8.7299 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9423 | 8.2101 | 8.3841 | 8.6519 | 8.8259 | 9.0937 | 9.2677 |
| Camarilla | 8.4366 | 8.4771 | 8.5176 | 8.5581 | 8.5986 | 8.6391 | 8.6796 |
| Woodie | 7.8954 | 8.1867 | 8.3372 | 8.6285 | 8.7790 | 9.0703 | 9.2208 |
| Fibonacci | 8.2101 | 8.3789 | 8.4831 | 8.6519 | 8.8207 | 8.9249 | 9.0937 |
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): | 52.23 | |
| MACD (12,26,9): | 0.0035 | |
| Directional Movement: | 3.9527 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 8.6064 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.5675 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 8.5687 | |
| Zig ZAG (10): | 8.6018 | |
| VORTEX (21): | 1.1298 | |
| Stochastique (14,3,5): | 39.86 | |
| TEMA (21): | 8.6017 | |
| Williams %R (14): | -57.83 | |
| Chande Momentum Oscillator (20): | -0.0127 | |
| Repulse (5,40,3): | -0.0005 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0112 | |
| Courbe Coppock: | 0.24 |
| MA7: | 8.5601 | |
| MA20: | 8.6238 | |
| MA50: | 8.7814 | |
| MA100: | 8.7906 | |
| MAexp7: | 8.6001 | |
| MAexp20: | 8.6000 | |
| MAexp50: | 8.5864 | |
| MAexp100: | 8.5705 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | -2.04% | |
| Price / MA100: | -2.15% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.37% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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