CHF/HKD - 1H - Technical analysis published on 01/04/2024 (GMT)
- 232
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 9.2054 HKD
My targets
9.1784 HKD (-0.0111)
9.1266 HKD (-0.0629)
My analysis
In a bearish trend, the price of CHF/HKD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 9.2054 HKD. A bearish break in the support located at 9.1784 HKD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 9.1266 HKD. Then 9.0857 HKD by extension. It would be safer to wait for a bearish break in the support located at 9.1784 HKD before allowing yourself to re trade short positions (for sale) on CHF/HKD. PS: if there is a bullish break in the resistance located at 9.2054 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
0.2
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:
Additional analysis
Quotes
The CHF/HKD rating is 9.1895 HKD. On the day, this instrument lost -0.05% with the lowest point at 9.1552 HKD and the highest point at 9.2092 HKD. The deviation from the price is +0.37% for the low point and -0.21% for the high point.9.1552
9.2092
9.1895
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/HKD chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 5 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.0857 | 9.1266 | 9.1784 | 9.1895 | 9.2054 | 9.2448 | 9.2771 |
| Change (%) | -1.13% | -0.68% | -0.12% | - | +0.17% | +0.60% | +0.95% |
| Change | -0.1038 | -0.0629 | -0.0111 | - | +0.0159 | +0.0553 | +0.0876 |
| Level | Major | Intermediate | Minor | - | Minor | 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 | 9.0658 | 9.0960 | 9.1449 | 9.1751 | 9.2240 | 9.2542 | 9.3031 |
| Camarilla | 9.1720 | 9.1792 | 9.1865 | 9.1937 | 9.2010 | 9.2082 | 9.2155 |
| Woodie | 9.0751 | 9.1007 | 9.1542 | 9.1798 | 9.2333 | 9.2589 | 9.3124 |
| Fibonacci | 9.0960 | 9.1263 | 9.1449 | 9.1751 | 9.2054 | 9.2240 | 9.2542 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2751 | 9.2784 | 9.2850 | 9.2883 | 9.2949 | 9.2982 | 9.3048 |
| Camarilla | 9.2889 | 9.2898 | 9.2907 | 9.2916 | 9.2925 | 9.2934 | 9.2943 |
| Woodie | 9.2768 | 9.2792 | 9.2867 | 9.2891 | 9.2966 | 9.2990 | 9.3065 |
| Fibonacci | 9.2784 | 9.2822 | 9.2845 | 9.2883 | 9.2921 | 9.2944 | 9.2982 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4414 | 8.6477 | 8.9658 | 9.1721 | 9.4902 | 9.6965 | 10.0146 |
| Camarilla | 9.1398 | 9.1879 | 9.2359 | 9.2840 | 9.3321 | 9.3801 | 9.4282 |
| Woodie | 8.4974 | 8.6757 | 9.0218 | 9.2001 | 9.5462 | 9.7245 | 10.0706 |
| Fibonacci | 8.6477 | 8.8480 | 8.9718 | 9.1721 | 9.3724 | 9.4962 | 9.6965 |
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): | 52.34 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -3.4995 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 9.1837 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.2006 | |
| Elder Ray (13): | 0.0050 | |
| Super Trend (3,10): | 9.1570 | |
| Zig ZAG (10): | 9.1892 | |
| VORTEX (21): | 1.1075 | |
| Stochastique (14,3,5): | 52.84 | |
| TEMA (21): | 9.1871 | |
| Williams %R (14): | -38.89 | |
| Chande Momentum Oscillator (20): | -0.0053 | |
| Repulse (5,40,3): | 0.0636 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.15 |
| MA7: | 9.2412 | |
| MA20: | 9.1039 | |
| MA50: | 8.9126 | |
| MA100: | 8.8201 | |
| MAexp7: | 9.1840 | |
| MAexp20: | 9.1850 | |
| MAexp50: | 9.1942 | |
| MAexp100: | 9.2087 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | +0.94% | |
| Price / MA50: | +3.11% | |
| Price / MA100: | +4.19% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.21% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CHF/HKD - 1H