Londinia Opportunities Analyses - 09/26/2022 (GMT) CHF/HKD - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 7.9856 HKD
My targets
7.8495 HKD (-0.0763)
7.8257 HKD (-0.1001)
My analysis
The bearish trend is currently very strong for CHF/HKD. As long as the price remains below the resistance at 7.9856 HKD, you could try to take advantage of the bearish rally. The first bearish objective is located at 7.8495 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.8257 HKD as an objective. Crossing it would then enable sellers to target 7.6850 HKD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.2
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
CHF/HKD rating 7.9258 HKD. On the day, this instrument lost -0.81% and was between 7.9171 HKD and 8.0163 HKD. This implies that the price is at +0.11% from its lowest and at -1.13% from its highest.7.9171
8.0163
7.9258
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/HKD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 7.5279 | 7.6850 | 7.8257 | 7.9258 | 7.9856 | 8.0454 | 8.0946 |
| Change (%) | -5.02% | -3.04% | -1.26% | - | +0.75% | +1.51% | +2.13% |
| Change | -0.3979 | -0.2408 | -0.1001 | - | +0.0598 | +0.1196 | +0.1688 |
| Level | Major | Minor | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8966 | 7.9374 | 7.9640 | 8.0048 | 8.0314 | 8.0722 | 8.0988 |
| Camarilla | 7.9722 | 7.9783 | 7.9845 | 7.9907 | 7.9969 | 8.0031 | 8.0092 |
| Woodie | 7.8896 | 7.9339 | 7.9570 | 8.0013 | 8.0244 | 8.0687 | 8.0918 |
| Fibonacci | 7.9374 | 7.9631 | 7.9790 | 8.0048 | 8.0305 | 8.0464 | 8.0722 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7300 | 7.8495 | 7.9201 | 8.0396 | 8.1102 | 8.2297 | 8.3003 |
| Camarilla | 7.9384 | 7.9559 | 7.9733 | 7.9907 | 8.0081 | 8.0256 | 8.0430 |
| Woodie | 7.7056 | 7.8373 | 7.8957 | 8.0274 | 8.0858 | 8.2175 | 8.2759 |
| Fibonacci | 7.8495 | 7.9221 | 7.9670 | 8.0396 | 8.1122 | 8.1571 | 8.2297 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.5189 | 7.7606 | 7.8874 | 8.1291 | 8.2559 | 8.4976 | 8.6244 |
| Camarilla | 7.9130 | 7.9467 | 7.9805 | 8.0143 | 8.0481 | 8.0819 | 8.1156 |
| Woodie | 7.4616 | 7.7319 | 7.8301 | 8.1004 | 8.1986 | 8.4689 | 8.5671 |
| Fibonacci | 7.7606 | 7.9013 | 7.9883 | 8.1291 | 8.2698 | 8.3568 | 8.4976 |
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): | 33.74 | |
| MACD (12,26,9): | -0.0172 | |
| Directional Movement: | -13.6262 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 7.9539 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.0053 | |
| Elder Ray (13): | -0.0372 | |
| Super Trend (3,10): | 7.9985 | |
| Zig ZAG (10): | 7.9211 | |
| VORTEX (21): | 0.8173 | |
| Stochastique (14,3,5): | 11.20 | |
| TEMA (21): | 7.9498 | |
| Williams %R (14): | -93.45 | |
| Chande Momentum Oscillator (20): | -0.0700 | |
| Repulse (5,40,3): | -0.6651 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0242 | |
| Courbe Coppock: | 0.85 |
| MA7: | 8.0703 | |
| MA20: | 8.0792 | |
| MA50: | 8.1475 | |
| MA100: | 8.1053 | |
| MAexp7: | 7.9561 | |
| MAexp20: | 7.9755 | |
| MAexp50: | 8.0071 | |
| MAexp100: | 8.0464 | |
| Price / MA7: | -1.79% | |
| Price / MA20: | -1.90% | |
| Price / MA50: | -2.72% | |
| Price / MA100: | -2.21% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | -0.62% | |
| Price / MAexp50: | -1.02% | |
| Price / MAexp100: | -1.50% |
Quotes :
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Real time data
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Forex