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 03/12/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Slightly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 8.3304 HKD
My targets
8.2757 HKD (-0.0253)
8.2112 HKD (-0.0898)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CHF/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 8.3304 HKD. The next bearish objective for sellers is set at 8.2757 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.2112 HKD. In case of crossing, the next objective would be the support located at 8.1700 HKD. In the event of a bullish break in the resistance located at 8.3304 HKD a certain indecision would take hold.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
1.1

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

CHF/HKD rating 8.3010 HKD. The price has increased by +0.34% since the last closing with the lowest point at 8.2716 HKD and the highest point at 8.3367 HKD. The deviation from the price is +0.36% for the low point and -0.43% for the high point.

8.2716
8.3367
8.3010

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CHF/HKD chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the 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:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

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 100

Type : Bearish

Timeframe : 1 hour



In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

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

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.1700 8.2112 8.2757 8.3010 8.3304 8.4189 8.4813
Change (%) -1.58% -1.08% -0.30% - +0.35% +1.42% +2.17%
Change -0.1310 -0.0898 -0.0253 - +0.0294 +0.1179 +0.1803
Level Intermediate Minor Major - Intermediate Minor Major



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
Standard8.17698.21928.24598.28828.31498.35728.3839
Camarilla8.25378.26018.26648.27278.27908.28548.2917
Woodie8.16928.21538.23828.28438.30728.35338.3762
Fibonacci8.21928.24558.26188.28828.31458.33088.3572


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.83767.94658.11988.22878.40208.51098.6842
Camarilla8.21558.24148.26728.29318.31908.34488.3707
Woodie7.86987.96268.15208.24488.43428.52708.7164
Fibonacci7.94658.05438.12098.22878.33658.40318.5109


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.72677.81027.94298.02648.15918.24268.3753
Camarilla8.01628.03608.05588.07568.09548.11528.1351
Woodie7.75137.82257.96758.03878.18378.25498.3999
Fibonacci7.81027.89287.94388.02648.10908.16008.2426

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): 49.48
MACD (12,26,9): 0.0028
Directional Movement: 1.4220
AROON (14): 35.7143
DEMA (21): 8.3052
Parabolic SAR (0,02-0,02-0,2): 8.2812
Elder Ray (13): -0.0021
Super Trend (3,10): 8.2690
Zig ZAG (10): 8.2984
VORTEX (21): 0.9708
Stochastique (14,3,5): 60.43
TEMA (21): 8.3112
Williams %R (14): -55.11
Chande Momentum Oscillator (20): 0.0252
Repulse (5,40,3): -0.2561
ROCnROLL: 2
TRIX (15,9): 0.0011
Courbe Coppock: 0.74
MA7: 8.2666
MA20: 8.0827
MA50: 8.0347
MA100: 7.9766
MAexp7: 8.3076
MAexp20: 8.3036
MAexp50: 8.3052
MAexp100: 8.2912
Price / MA7: +0.42%
Price / MA20: +2.70%
Price / MA50: +3.31%
Price / MA100: +4.07%
Price / MAexp7: -0.08%
Price / MAexp20: -0.03%
Price / MAexp50: -0.05%
Price / MAexp100: +0.12%

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

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