CHF/HKD - 1H - Technical analysis published on 12/11/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
22%
67%
11%
My opinion
Bearish under 7.9436 HKD
My targets
7.8967 HKD (-0.0320)
7.8504 HKD (-0.0783)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CHF/HKD as long as the price remains well below 7.9436 HKD. The sellers” bearish objective is set at 7.8967 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.8504 HKD. If there is any crossing, the next objective would be the support located at 7.8203 HKD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
2.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/HKD price is 7.9287 HKD. The price registered a decrease of -0.26% on the session and was between 7.9191 HKD and 7.9526 HKD. This implies that the price is at +0.12% from its lowest and at -0.30% from its highest.7.9191
7.9526
7.9287
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/HKD:
Technical
Technical analysis of this 1H chart of CHF/HKD indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
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.
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 | 7.8504 | 7.8967 | 7.9270 | 7.9287 | 7.9436 | 7.9697 | 8.0338 |
| Change (%) | -0.99% | -0.40% | -0.02% | - | +0.19% | +0.52% | +1.33% |
| Change | -0.0783 | -0.0320 | -0.0017 | - | +0.0149 | +0.0410 | +0.1051 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Minor |
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 | 7.8885 | 7.9045 | 7.9269 | 7.9429 | 7.9653 | 7.9813 | 8.0037 |
| Camarilla | 7.9386 | 7.9422 | 7.9457 | 7.9492 | 7.9527 | 7.9562 | 7.9598 |
| Woodie | 7.8916 | 7.9061 | 7.9300 | 7.9445 | 7.9684 | 7.9829 | 8.0068 |
| Fibonacci | 7.9045 | 7.9192 | 7.9283 | 7.9429 | 7.9576 | 7.9667 | 7.9813 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7116 | 7.7659 | 7.8354 | 7.8897 | 7.9592 | 8.0135 | 8.0830 |
| Camarilla | 7.8708 | 7.8821 | 7.8935 | 7.9048 | 7.9162 | 7.9275 | 7.9389 |
| Woodie | 7.7191 | 7.7697 | 7.8429 | 7.8935 | 7.9667 | 8.0173 | 8.0905 |
| Fibonacci | 7.7659 | 7.8132 | 7.8424 | 7.8897 | 7.9370 | 7.9662 | 8.0135 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.6296 | 7.7199 | 7.7743 | 7.8646 | 7.9190 | 8.0093 | 8.0637 |
| Camarilla | 7.7890 | 7.8023 | 7.8155 | 7.8288 | 7.8421 | 7.8553 | 7.8686 |
| Woodie | 7.6118 | 7.7109 | 7.7565 | 7.8556 | 7.9012 | 8.0003 | 8.0459 |
| Fibonacci | 7.7199 | 7.7751 | 7.8093 | 7.8646 | 7.9198 | 7.9540 | 8.0093 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.54 | |
| MACD (12,26,9): | -0.0036 | |
| Directional Movement: | -13.0584 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 7.9305 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.9331 | |
| Elder Ray (13): | -0.0073 | |
| Super Trend (3,10): | 7.9442 | |
| Zig ZAG (10): | 7.9240 | |
| VORTEX (21): | 0.7596 | |
| Stochastique (14,3,5): | 10.40 | |
| TEMA (21): | 7.9241 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.0181 | |
| Repulse (5,40,3): | -0.0815 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0012 | |
| Courbe Coppock: | 0.52 |
| MA7: | 7.9264 | |
| MA20: | 7.8929 | |
| MA50: | 7.8958 | |
| MA100: | 7.9234 | |
| MAexp7: | 7.9275 | |
| MAexp20: | 7.9333 | |
| MAexp50: | 7.9323 | |
| MAexp100: | 7.9251 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.45% | |
| Price / MA50: | +0.42% | |
| Price / MA100: | +0.07% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +0.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
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