CHF/HKD - 1H - Technical analysis published on 10/03/2024 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
22%
22%
My opinion
Bearish under 9.1432 HKD
My targets
9.0780 HKD (-0.0540)
9.0549 HKD (-0.0771)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/HKD as long as the price remains well below 9.1432 HKD. The next bearish objective for sellers is set at 9.0780 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.0549 HKD. If there is any crossing, the next objective would be the support located at 8.8842 HKD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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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 9.1320 HKD. The price is lower by -0.01% since the last closing with the lowest point at 9.0960 HKD and the highest point at 9.1467 HKD. The deviation from the price is +0.40% for the low point and -0.16% for the high point.9.0960
9.1467
9.1320
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHF/HKD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 8.8842 | 9.0780 | 9.1252 | 9.1320 | 9.1432 | 9.1729 | 9.2046 |
| Change (%) | -2.71% | -0.59% | -0.07% | - | +0.12% | +0.45% | +0.80% |
| Change | -0.2478 | -0.0540 | -0.0068 | - | +0.0112 | +0.0409 | +0.0726 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0339 | 9.0796 | 9.1060 | 9.1517 | 9.1781 | 9.2238 | 9.2502 |
| Camarilla | 9.1127 | 9.1193 | 9.1259 | 9.1325 | 9.1391 | 9.1457 | 9.1523 |
| Woodie | 9.0244 | 9.0748 | 9.0965 | 9.1469 | 9.1686 | 9.2190 | 9.2407 |
| Fibonacci | 9.0796 | 9.1071 | 9.1241 | 9.1517 | 9.1792 | 9.1962 | 9.2238 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0549 | 9.0974 | 9.1689 | 9.2114 | 9.2829 | 9.3254 | 9.3969 |
| Camarilla | 9.2090 | 9.2194 | 9.2299 | 9.2403 | 9.2508 | 9.2612 | 9.2717 |
| Woodie | 9.0693 | 9.1047 | 9.1833 | 9.2187 | 9.2973 | 9.3327 | 9.4113 |
| Fibonacci | 9.0974 | 9.1410 | 9.1679 | 9.2114 | 9.2550 | 9.2819 | 9.3254 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.9350 | 9.0297 | 9.1131 | 9.2078 | 9.2912 | 9.3859 | 9.4693 |
| Camarilla | 9.1476 | 9.1640 | 9.1803 | 9.1966 | 9.2129 | 9.2293 | 9.2456 |
| Woodie | 8.9295 | 9.0269 | 9.1076 | 9.2050 | 9.2857 | 9.3831 | 9.4638 |
| Fibonacci | 9.0297 | 9.0977 | 9.1397 | 9.2078 | 9.2758 | 9.3178 | 9.3859 |
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): | 47.37 | |
| MACD (12,26,9): | -0.0082 | |
| Directional Movement: | -13.6107 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 9.1230 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.0960 | |
| Elder Ray (13): | 0.0031 | |
| Super Trend (3,10): | 9.1527 | |
| Zig ZAG (10): | 9.1341 | |
| VORTEX (21): | 1.0296 | |
| Stochastique (14,3,5): | 71.99 | |
| TEMA (21): | 9.1252 | |
| Williams %R (14): | -14.26 | |
| Chande Momentum Oscillator (20): | 0.0038 | |
| Repulse (5,40,3): | 0.1304 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0160 | |
| Courbe Coppock: | 0.18 |
| MA7: | 9.1763 | |
| MA20: | 9.1901 | |
| MA50: | 9.1218 | |
| MA100: | 8.9128 | |
| MAexp7: | 9.1296 | |
| MAexp20: | 9.1351 | |
| MAexp50: | 9.1527 | |
| MAexp100: | 9.1686 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | +2.46% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.40% |
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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