CHF/HKD - 1H - Technical analysis published on 10/23/2023 (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
72%
11%
17%
My opinion
Bullish above 8.7546 HKD
My targets
8.7844 HKD (+0.0141)
8.8283 HKD (+0.0580)
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 8.7546 HKD. The buyers' bullish objective is set at 8.7844 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.8283 HKD. If there is any crossing, the next objective would be the resistance located at 8.8869 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7
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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 8.7703 HKD. The price registered a decrease of -0.01% on the session and was between 8.7363 HKD and 8.7801 HKD. This implies that the price is at +0.39% from its lowest and at -0.11% from its highest.8.7363
8.7801
8.7703
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHF/HKD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.6616 | 8.7020 | 8.7546 | 8.7703 | 8.7844 | 8.8283 | 8.8869 |
| Change (%) | -1.24% | -0.78% | -0.18% | - | +0.16% | +0.66% | +1.33% |
| Change | -0.1087 | -0.0683 | -0.0157 | - | +0.0141 | +0.0580 | +0.1166 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.7253 | 8.7398 | 8.7555 | 8.7700 | 8.7857 | 8.8002 | 8.8159 |
| Camarilla | 8.7629 | 8.7657 | 8.7684 | 8.7712 | 8.7740 | 8.7767 | 8.7795 |
| Woodie | 8.7259 | 8.7401 | 8.7561 | 8.7703 | 8.7863 | 8.8005 | 8.8165 |
| Fibonacci | 8.7398 | 8.7513 | 8.7585 | 8.7700 | 8.7815 | 8.7887 | 8.8002 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5460 | 8.5963 | 8.6838 | 8.7341 | 8.8216 | 8.8719 | 8.9594 |
| Camarilla | 8.7333 | 8.7459 | 8.7586 | 8.7712 | 8.7838 | 8.7965 | 8.8091 |
| Woodie | 8.5645 | 8.6056 | 8.7023 | 8.7434 | 8.8401 | 8.8812 | 8.9779 |
| Fibonacci | 8.5963 | 8.6490 | 8.6815 | 8.7341 | 8.7868 | 8.8193 | 8.8719 |
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): | 53.89 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 7.9535 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 8.7636 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.7446 | |
| Elder Ray (13): | 0.0039 | |
| Super Trend (3,10): | 8.7727 | |
| Zig ZAG (10): | 8.7664 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 74.21 | |
| TEMA (21): | 8.7608 | |
| Williams %R (14): | -31.51 | |
| Chande Momentum Oscillator (20): | 0.0079 | |
| Repulse (5,40,3): | -0.0245 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0010 | |
| Courbe Coppock: | 0.08 |
| MA7: | 8.7234 | |
| MA20: | 8.6282 | |
| MA50: | 8.7379 | |
| MA100: | 8.7962 | |
| MAexp7: | 8.7644 | |
| MAexp20: | 8.7622 | |
| MAexp50: | 8.7549 | |
| MAexp100: | 8.7357 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +1.65% | |
| Price / MA50: | +0.37% | |
| Price / MA100: | -0.29% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.40% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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