CHF/HKD
CHF HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFHKD
ISIN:

CHF/HKD - 1H - Technical analysis published on 12/14/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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

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:
15 min. Daily Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard8.82658.86338.91568.95249.00479.04159.0938
Camarilla8.94348.95168.95978.96798.97618.98428.9924
Woodie8.83438.86728.92348.95639.01259.04549.1016
Fibonacci8.86338.89738.91848.95248.98649.00759.0415


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.64998.75218.81308.91528.97619.07839.1392
Camarilla8.82928.84418.85918.87408.88908.90398.9189
Woodie8.62948.74188.79258.90498.95569.06809.1187
Fibonacci8.75218.81448.85298.91528.97759.01609.0783


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.27118.42858.67828.83569.08539.24279.4924
Camarilla8.81618.85348.89078.92808.96539.00269.0400
Woodie8.31748.45168.72458.85879.13169.26589.5387
Fibonacci8.42858.58408.68018.83568.99119.08729.2427

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 - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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