CHF/HKD - 1H - Technical analysis published on 10/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 9.0567 HKD
My targets
9.0780 HKD (+0.0095)
9.1096 HKD (+0.0411)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on CHF/HKD as long as the price remains well above 9.0567 HKD. The buyers' bullish objective is set at 9.0780 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.1096 HKD. If there is any crossing, the next objective would be the resistance located at 9.1432 HKD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.1
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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 9.0685 HKD. The price registered a decrease of -0.02% on the session with the lowest point at 9.0532 HKD and the highest point at 9.0792 HKD. The deviation from the price is +0.17% for the low point and -0.12% for the high point.9.0532
9.0792
9.0685
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/HKD in 1H shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.9928 | 9.0254 | 9.0567 | 9.0685 | 9.0780 | 9.1096 | 9.1432 |
| Change (%) | -0.83% | -0.48% | -0.13% | - | +0.10% | +0.45% | +0.82% |
| Change | -0.0757 | -0.0431 | -0.0118 | - | +0.0095 | +0.0411 | +0.0747 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.9757 | 8.9984 | 9.0341 | 9.0568 | 9.0925 | 9.1152 | 9.1509 |
| Camarilla | 9.0538 | 9.0592 | 9.0646 | 9.0699 | 9.0753 | 9.0806 | 9.0860 |
| Woodie | 8.9823 | 9.0017 | 9.0407 | 9.0601 | 9.0991 | 9.1185 | 9.1575 |
| Fibonacci | 8.9984 | 9.0207 | 9.0345 | 9.0568 | 9.0791 | 9.0929 | 9.1152 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.7388 | 8.8821 | 8.9637 | 9.1070 | 9.1886 | 9.3319 | 9.4135 |
| Camarilla | 8.9835 | 9.0041 | 9.0247 | 9.0453 | 9.0659 | 9.0865 | 9.1072 |
| Woodie | 8.7080 | 8.8667 | 8.9329 | 9.0916 | 9.1578 | 9.3165 | 9.3827 |
| Fibonacci | 8.8821 | 8.9680 | 9.0211 | 9.1070 | 9.1929 | 9.2460 | 9.3319 |
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): | 53.91 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 7.5430 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 9.0687 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.0777 | |
| Elder Ray (13): | 0.0059 | |
| Super Trend (3,10): | 9.0424 | |
| Zig ZAG (10): | 9.0701 | |
| VORTEX (21): | 0.9885 | |
| Stochastique (14,3,5): | 62.05 | |
| TEMA (21): | 9.0688 | |
| Williams %R (14): | -31.15 | |
| Chande Momentum Oscillator (20): | 0.0055 | |
| Repulse (5,40,3): | 0.0747 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 0.04 |
| MA7: | 9.0703 | |
| MA20: | 9.1508 | |
| MA50: | 9.1397 | |
| MA100: | 8.9431 | |
| MAexp7: | 9.0676 | |
| MAexp20: | 9.0651 | |
| MAexp50: | 9.0617 | |
| MAexp100: | 9.0684 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.90% | |
| Price / MA50: | -0.78% | |
| Price / MA100: | +1.40% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.00% |
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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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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