CHF/HKD - 1H - Technical analysis published on 03/25/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 8.7722 HKD
My targets
8.6684 HKD (-0.0488)
8.5985 HKD (-0.1187)
My analysis
The basic trend is bearish on CHF/HKD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 8.7722 HKD. Buyers would then use the next resistance located at 8.8248 HKD as an objective. Crossing it would then enable buyers to target 8.8486 HKD. If there is a return to below the support located at 8.6684 HKD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 8.5985 HKD and 8.4835 HKD by extension.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/HKD rating is 8.7172 HKD. On the day, this instrument lost -0.01% and was between 8.7030 HKD and 8.7236 HKD. This implies that the price is at +0.16% from its lowest and at -0.07% from its highest.8.7030
8.7236
8.7172
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
A study of price movements over other periods shows the following variations:
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
Technical
Technical analysis of CHF/HKD in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.5985 | 8.6684 | 8.7090 | 8.7172 | 8.7722 | 8.8248 | 8.8486 |
| Change (%) | -1.36% | -0.56% | -0.09% | - | +0.63% | +1.23% | +1.51% |
| Change | -0.1187 | -0.0488 | -0.0082 | - | +0.0550 | +0.1076 | +0.1314 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6264 | 8.6474 | 8.6825 | 8.7035 | 8.7386 | 8.7596 | 8.7947 |
| Camarilla | 8.7022 | 8.7073 | 8.7125 | 8.7176 | 8.7227 | 8.7279 | 8.7330 |
| Woodie | 8.6335 | 8.6509 | 8.6896 | 8.7070 | 8.7457 | 8.7631 | 8.8018 |
| Fibonacci | 8.6474 | 8.6688 | 8.6821 | 8.7035 | 8.7249 | 8.7382 | 8.7596 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4399 | 8.5541 | 8.6359 | 8.7501 | 8.8319 | 8.9461 | 9.0279 |
| Camarilla | 8.6637 | 8.6817 | 8.6996 | 8.7176 | 8.7356 | 8.7535 | 8.7715 |
| Woodie | 8.4236 | 8.5460 | 8.6196 | 8.7420 | 8.8156 | 8.9380 | 9.0116 |
| Fibonacci | 8.5541 | 8.6290 | 8.6753 | 8.7501 | 8.8250 | 8.8713 | 8.9461 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3777 | 8.5883 | 8.7200 | 8.9306 | 9.0623 | 9.2729 | 9.4046 |
| Camarilla | 8.7576 | 8.7890 | 8.8203 | 8.8517 | 8.8831 | 8.9145 | 8.9458 |
| Woodie | 8.3383 | 8.5686 | 8.6806 | 8.9109 | 9.0229 | 9.2532 | 9.3652 |
| Fibonacci | 8.5883 | 8.7191 | 8.7998 | 8.9306 | 9.0614 | 9.1421 | 9.2729 |
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): | 50.67 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 1.8855 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 8.7107 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.7203 | |
| Elder Ray (13): | 0.0020 | |
| Super Trend (3,10): | 8.6898 | |
| Zig ZAG (10): | 8.7150 | |
| VORTEX (21): | 1.0691 | |
| Stochastique (14,3,5): | 66.30 | |
| TEMA (21): | 8.7165 | |
| Williams %R (14): | -16.77 | |
| Chande Momentum Oscillator (20): | 0.0026 | |
| Repulse (5,40,3): | 0.0979 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.03 |
| MA7: | 8.7774 | |
| MA20: | 8.8467 | |
| MA50: | 8.9193 | |
| MA100: | 8.9407 | |
| MAexp7: | 8.7135 | |
| MAexp20: | 8.7113 | |
| MAexp50: | 8.7213 | |
| MAexp100: | 8.7489 | |
| Price / MA7: | -0.69% | |
| Price / MA20: | -1.46% | |
| Price / MA50: | -2.27% | |
| Price / MA100: | -2.50% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.36% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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