CHF/HKD - 1H - Technical analysis published on 12/31/2019 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 8.0338 HKD
My targets
8.0949 HKD (+0.0525)
8.1791 HKD (+0.1367)
My analysis
CHF/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.0338 HKD. The next resistance located at 8.0949 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.1791 HKD. After this resistance, buyers could then target 8.2757 HKD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.4
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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 rating is 8.0424 HKD. The price registered an increase of +0.03% on the session and was traded between 8.0297 HKD and 8.0482 HKD over the period. The price is currently at +0.16% from its lowest and -0.07% from its highest.8.0297
8.0482
8.0424
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 8 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 7.9690 | 7.9968 | 8.0338 | 8.0424 | 8.0485 | 8.0949 | 8.1791 |
| Change (%) | -0.91% | -0.57% | -0.11% | - | +0.08% | +0.65% | +1.70% |
| Change | -0.0734 | -0.0456 | -0.0086 | - | +0.0061 | +0.0525 | +0.1367 |
| Level | Major | Minor | Minor | - | 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 | 7.9239 | 7.9505 | 7.9952 | 8.0218 | 8.0665 | 8.0931 | 8.1378 |
| Camarilla | 8.0202 | 8.0267 | 8.0333 | 8.0398 | 8.0463 | 8.0529 | 8.0594 |
| Woodie | 7.9329 | 7.9550 | 8.0042 | 8.0263 | 8.0755 | 8.0976 | 8.1468 |
| Fibonacci | 7.9505 | 7.9778 | 7.9946 | 8.0218 | 8.0491 | 8.0659 | 8.0931 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8541 | 7.8869 | 7.9377 | 7.9705 | 8.0213 | 8.0541 | 8.1049 |
| Camarilla | 7.9655 | 7.9732 | 7.9808 | 7.9885 | 7.9962 | 8.0038 | 8.0115 |
| Woodie | 7.8631 | 7.8914 | 7.9467 | 7.9750 | 8.0303 | 8.0586 | 8.1139 |
| Fibonacci | 7.8869 | 7.9188 | 7.9386 | 7.9705 | 8.0024 | 8.0222 | 8.0541 |
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 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): | 57.49 | |
| MACD (12,26,9): | 0.0087 | |
| Directional Movement: | 3.9469 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 8.0480 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.0478 | |
| Elder Ray (13): | -0.0026 | |
| Super Trend (3,10): | 8.0279 | |
| Zig ZAG (10): | 8.0382 | |
| VORTEX (21): | 1.1663 | |
| Stochastique (14,3,5): | 52.93 | |
| TEMA (21): | 8.0446 | |
| Williams %R (14): | -58.38 | |
| Chande Momentum Oscillator (20): | 0.0048 | |
| Repulse (5,40,3): | -0.0054 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0202 | |
| Courbe Coppock: | 0.17 |
| MA7: | 7.9761 | |
| MA20: | 7.9486 | |
| MA50: | 7.9130 | |
| MA100: | 7.9206 | |
| MAexp7: | 8.0412 | |
| MAexp20: | 8.0345 | |
| MAexp50: | 8.0131 | |
| MAexp100: | 7.9897 | |
| Price / MA7: | +0.83% | |
| Price / MA20: | +1.18% | |
| Price / MA50: | +1.64% | |
| Price / MA100: | +1.54% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.37% | |
| Price / MAexp100: | +0.66% |
This member declared not having a position on this financial instrument or a related financial instrument.
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