CHF/HKD
CHF HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFHKD
ISIN:

CHF/HKD - 1H - Technical analysis published on 02/27/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 8.0336 HKD
My targets
8.0632 HKD (+0.0189)
8.1143 HKD (+0.0700)
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 8.0336 HKD. The next resistance located at 8.0632 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 8.1143 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.

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
8.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/HKD rating is 8.0443 HKD. On the day, this instrument gained +0.80% and was between 7.9803 HKD and 8.0447 HKD. This implies that the price is at +0.80% from its lowest and at +0.00% from its highest.

7.9803
8.0447
8.0443

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of CHF/HKD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.9695 8.0094 8.0336 8.0443 8.0632 8.1143 8.2757
Change (%) -0.93% -0.43% -0.13% - +0.23% +0.87% +2.88%
Change -0.0748 -0.0349 -0.0107 - +0.0189 +0.0700 +0.2314
Level Major Intermediate Minor - Major 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
Standard7.92177.94517.96277.98618.00378.02718.0447
Camarilla7.96917.97297.97667.98047.98427.98797.9917
Woodie7.91897.94377.95997.98478.00098.02578.0419
Fibonacci7.94517.96077.97047.98618.00178.01148.0271


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.83607.86497.91217.94107.98828.01718.0643
Camarilla7.93857.94557.95247.95947.96647.97347.9803
Woodie7.84537.86957.92147.94567.99758.02178.0736
Fibonacci7.86497.89397.91197.94107.97007.98808.0171


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.85177.90347.98238.03408.11298.16468.2435
Camarilla8.02538.03738.04928.06128.07328.08518.0971
Woodie7.86537.91027.99598.04088.12658.17148.2571
Fibonacci7.90347.95337.98418.03408.08398.11478.1646

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): 73.25
MACD (12,26,9): 0.0139
Directional Movement: 24.9722
AROON (14): 100.0000
DEMA (21): 8.0279
Parabolic SAR (0,02-0,02-0,2): 8.0082
Elder Ray (13): 0.0234
Super Trend (3,10): 8.0076
Zig ZAG (10): 8.0419
VORTEX (21): 1.2920
Stochastique (14,3,5): 97.43
TEMA (21): 8.0354
Williams %R (14): -6.39
Chande Momentum Oscillator (20): 0.0441
Repulse (5,40,3): 0.2279
ROCnROLL: 1
TRIX (15,9): 0.0177
Courbe Coppock: 1.06
MA7: 7.9604
MA20: 7.9619
MA50: 7.9877
MA100: 7.9454
MAexp7: 8.0278
MAexp20: 8.0112
MAexp50: 7.9931
MAexp100: 7.9752
Price / MA7: +1.05%
Price / MA20: +1.03%
Price / MA50: +0.71%
Price / MA100: +1.24%
Price / MAexp7: +0.21%
Price / MAexp20: +0.41%
Price / MAexp50: +0.64%
Price / MAexp100: +0.87%

This member declared not having a position on this financial instrument or a related financial instrument.

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