CHF/HKD - 1H - Technical analysis published on 10/26/2023 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 8.7415 HKD
My targets
8.6939 HKD (-0.0284)
8.6616 HKD (-0.0607)
My analysis
CHF/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 8.7415 HKD. The next support located at 8.6939 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 8.6616 HKD. Below this support, sellers could then target 8.6063 HKD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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
CHF/HKD rating 8.7223 HKD. The price is lower by -0.01% since the last closing with the lowest point at 8.7212 HKD and the highest point at 8.7262 HKD. The deviation from the price is +0.01% for the low point and -0.04% for the high point.8.7212
8.7262
8.7223
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/HKD:
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 overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.6063 | 8.6616 | 8.6939 | 8.7223 | 8.7415 | 8.7619 | 8.7840 |
| Change (%) | -1.33% | -0.70% | -0.33% | - | +0.22% | +0.45% | +0.71% |
| Change | -0.1160 | -0.0607 | -0.0284 | - | +0.0192 | +0.0396 | +0.0617 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6477 | 8.6817 | 8.7024 | 8.7364 | 8.7571 | 8.7911 | 8.8118 |
| Camarilla | 8.7080 | 8.7130 | 8.7180 | 8.7230 | 8.7280 | 8.7330 | 8.7380 |
| Woodie | 8.6410 | 8.6784 | 8.6957 | 8.7331 | 8.7504 | 8.7878 | 8.8051 |
| Fibonacci | 8.6817 | 8.7026 | 8.7155 | 8.7364 | 8.7573 | 8.7702 | 8.7911 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 30.36 | |
| MACD (12,26,9): | -0.0091 | |
| Directional Movement: | -13.4709 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 8.7210 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.7369 | |
| Elder Ray (13): | -0.0043 | |
| Super Trend (3,10): | 8.7461 | |
| Zig ZAG (10): | 8.7223 | |
| VORTEX (21): | 0.8107 | |
| Stochastique (14,3,5): | 16.23 | |
| TEMA (21): | 8.7178 | |
| Williams %R (14): | -79.87 | |
| Chande Momentum Oscillator (20): | -0.0146 | |
| Repulse (5,40,3): | -0.0255 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0150 | |
| Courbe Coppock: | 0.42 |
| MA7: | 8.7488 | |
| MA20: | 8.6596 | |
| MA50: | 8.7280 | |
| MA100: | 8.7986 | |
| MAexp7: | 8.7240 | |
| MAexp20: | 8.7328 | |
| MAexp50: | 8.7453 | |
| MAexp100: | 8.7458 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | +0.72% | |
| Price / MA50: | -0.07% | |
| Price / MA100: | -0.87% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.27% |
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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