CHF/HKD - 1H - Technical analysis published on 03/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 8.8875 HKD
My targets
8.9351 HKD (+0.0208)
9.0283 HKD (+0.1140)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 8.8875 HKD remains possible. It is advisable to trade CHF/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 8.8875 HKD. The next bullish objective for buyers is set at 8.9351 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.0283 HKD. If there is any crossing, the next objective would be the resistance located at 9.0857 HKD. PS: if there is a bearish break in the support located at 8.8875 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.5
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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 rating is 8.9143 HKD. The price registered an increase of +0.00% on the session and was between 8.9062 HKD and 8.9582 HKD. This implies that the price is at +0.09% from its lowest and at -0.49% from its highest.8.9062
8.9582
8.9143
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 LOW record (1 year)
Type : Bearish
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 this 1H chart of CHF/HKD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 8.8648 | 8.8875 | 8.9069 | 8.9143 | 8.9160 | 8.9351 | 9.0857 |
| Change (%) | -0.56% | -0.30% | -0.08% | - | +0.02% | +0.23% | +1.92% |
| Change | -0.0495 | -0.0268 | -0.0074 | - | +0.0017 | +0.0208 | +0.1714 |
| Level | Intermediate | Minor | Minor | - | 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 | 8.8306 | 8.8478 | 8.8812 | 8.8984 | 8.9318 | 8.9490 | 8.9824 |
| Camarilla | 8.9007 | 8.9053 | 8.9100 | 8.9146 | 8.9192 | 8.9239 | 8.9285 |
| Woodie | 8.8387 | 8.8519 | 8.8893 | 8.9025 | 8.9399 | 8.9531 | 8.9905 |
| Fibonacci | 8.8478 | 8.8671 | 8.8791 | 8.8984 | 8.9177 | 8.9297 | 8.9490 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6923 | 8.7483 | 8.8043 | 8.8603 | 8.9163 | 8.9723 | 9.0283 |
| Camarilla | 8.8296 | 8.8399 | 8.8501 | 8.8604 | 8.8707 | 8.8809 | 8.8912 |
| Woodie | 8.6924 | 8.7483 | 8.8044 | 8.8603 | 8.9164 | 8.9723 | 9.0284 |
| Fibonacci | 8.7483 | 8.7911 | 8.8175 | 8.8603 | 8.9031 | 8.9295 | 8.9723 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3777 | 8.5883 | 8.7200 | 8.9306 | 9.0623 | 9.2729 | 9.4046 |
| Camarilla | 8.7576 | 8.7890 | 8.8203 | 8.8517 | 8.8831 | 8.9145 | 8.9458 |
| Woodie | 8.3383 | 8.5686 | 8.6806 | 8.9109 | 9.0229 | 9.2532 | 9.3652 |
| Fibonacci | 8.5883 | 8.7191 | 8.7998 | 8.9306 | 9.0614 | 9.1421 | 9.2729 |
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): | 50.55 | |
| MACD (12,26,9): | 0.0041 | |
| Directional Movement: | 10.0818 | |
| AROON (14): | 0 | |
| DEMA (21): | 8.9242 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.9523 | |
| Elder Ray (13): | -0.0046 | |
| Super Trend (3,10): | 8.9000 | |
| Zig ZAG (10): | 8.9153 | |
| VORTEX (21): | 0.9961 | |
| Stochastique (14,3,5): | 14.74 | |
| TEMA (21): | 8.9197 | |
| Williams %R (14): | -82.50 | |
| Chande Momentum Oscillator (20): | -0.0071 | |
| Repulse (5,40,3): | 0.0041 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0117 | |
| Courbe Coppock: | 0.06 |
| MA7: | 8.8723 | |
| MA20: | 8.8764 | |
| MA50: | 9.0011 | |
| MA100: | 8.9277 | |
| MAexp7: | 8.9173 | |
| MAexp20: | 8.9168 | |
| MAexp50: | 8.9027 | |
| MAexp100: | 8.8878 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | -0.96% | |
| Price / MA100: | -0.15% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.30% |
Quotes :
-
Real time data
-
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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