CHF/HKD - 1H - Technical analysis published on 12/14/2023 (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 bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 8.9498 HKD
My targets
8.9887 HKD (+0.0171)
9.0173 HKD (+0.0457)
My analysis
CHF/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.9498 HKD. The next resistance located at 8.9887 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 9.0173 HKD. After this resistance, buyers could then target 9.0857 HKD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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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 8.9716 HKD. The price registered an increase of +0.04% on the session with the lowest point at 8.9676 HKD and the highest point at 8.9733 HKD. The deviation from the price is +0.04% for the low point and -0.02% for the high point.8.9676
8.9733
8.9716
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
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHF/HKD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.8869 | 8.9147 | 8.9498 | 8.9716 | 8.9727 | 8.9887 | 9.0173 |
| Change (%) | -0.94% | -0.63% | -0.24% | - | +0.01% | +0.19% | +0.51% |
| Change | -0.0847 | -0.0569 | -0.0218 | - | +0.0011 | +0.0171 | +0.0457 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.8265 | 8.8633 | 8.9156 | 8.9524 | 9.0047 | 9.0415 | 9.0938 |
| Camarilla | 8.9434 | 8.9516 | 8.9597 | 8.9679 | 8.9761 | 8.9842 | 8.9924 |
| Woodie | 8.8343 | 8.8672 | 8.9234 | 8.9563 | 9.0125 | 9.0454 | 9.1016 |
| Fibonacci | 8.8633 | 8.8973 | 8.9184 | 8.9524 | 8.9864 | 9.0075 | 9.0415 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6499 | 8.7521 | 8.8130 | 8.9152 | 8.9761 | 9.0783 | 9.1392 |
| Camarilla | 8.8292 | 8.8441 | 8.8591 | 8.8740 | 8.8890 | 8.9039 | 8.9189 |
| Woodie | 8.6294 | 8.7418 | 8.7925 | 8.9049 | 8.9556 | 9.0680 | 9.1187 |
| Fibonacci | 8.7521 | 8.8144 | 8.8529 | 8.9152 | 8.9775 | 9.0160 | 9.0783 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2711 | 8.4285 | 8.6782 | 8.8356 | 9.0853 | 9.2427 | 9.4924 |
| Camarilla | 8.8161 | 8.8534 | 8.8907 | 8.9280 | 8.9653 | 9.0026 | 9.0400 |
| Woodie | 8.3174 | 8.4516 | 8.7245 | 8.8587 | 9.1316 | 9.2658 | 9.5387 |
| Fibonacci | 8.4285 | 8.5840 | 8.6801 | 8.8356 | 8.9911 | 9.0872 | 9.2427 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 65.33 | |
| MACD (12,26,9): | 0.0133 | |
| Directional Movement: | 24.5721 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 8.9519 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.9104 | |
| Elder Ray (13): | 0.0227 | |
| Super Trend (3,10): | 8.9154 | |
| Zig ZAG (10): | 8.9691 | |
| VORTEX (21): | 1.1516 | |
| Stochastique (14,3,5): | 73.74 | |
| TEMA (21): | 8.9594 | |
| Williams %R (14): | -22.56 | |
| Chande Momentum Oscillator (20): | 0.0458 | |
| Repulse (5,40,3): | 0.2342 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0123 | |
| Courbe Coppock: | 0.75 |
| MA7: | 8.9200 | |
| MA20: | 8.8835 | |
| MA50: | 8.7649 | |
| MA100: | 8.7841 | |
| MAexp7: | 8.9549 | |
| MAexp20: | 8.9366 | |
| MAexp50: | 8.9213 | |
| MAexp100: | 8.9156 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +0.99% | |
| Price / MA50: | +2.36% | |
| Price / MA100: | +2.13% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +0.63% |
Quotes :
-
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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