CHF/HKD

- HKD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CHFHKD
ISIN:

CHF/HKD - Daily - Technical analysis published on 06/18/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 8.4813 HKD

My targets

8.3415 HKD (-0.0747)

8.2367 HKD (-0.1795)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/HKD as long as the price remains well below 8.4813 HKD. The sellers' bearish objective is set at 8.3415 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.2367 HKD. In case of crossing, the next objective would be the support located at 8.0946 HKD.

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

4.6

Comment on the analysis

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:

Additional analysis

Quotes

CHF/HKD rating 8.4162 HKD. On the day, this instrument lost -0.53% and was traded between 8.4088 HKD and 8.4684 HKD over the period. The price is currently at +0.09% from its lowest and -0.62% from its highest.

8.4088

8.4684

8.4162

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of CHF/HKD indicates that the overall trend is bearish. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.0946	8.2367	8.3415	8.4162	8.4354	8.4813	8.5737
Change (%)	-3.82%	-2.13%	-0.89%	-	+0.23%	+0.77%	+1.87%
Change	-0.3216	-0.1795	-0.0747	-	+0.0192	+0.0651	+0.1575
Level	Minor	Major	Minor	-	Intermediate	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.3200	8.3852	8.4229	8.4881	8.5258	8.5910	8.6287
Camarilla	8.4323	8.4417	8.4512	8.4606	8.4700	8.4795	8.4889
Woodie	8.3063	8.3783	8.4092	8.4812	8.5121	8.5841	8.6150
Fibonacci	8.3852	8.4245	8.4488	8.4881	8.5274	8.5517	8.5910

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.5202	8.5647	8.6038	8.6483	8.6874	8.7319	8.7710
Camarilla	8.6198	8.6275	8.6351	8.6428	8.6505	8.6581	8.6658
Woodie	8.5174	8.5634	8.6010	8.6470	8.6846	8.7306	8.7682
Fibonacci	8.5647	8.5967	8.6164	8.6483	8.6803	8.7000	8.7319

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.2980	8.3876	8.5127	8.6023	8.7274	8.8170	8.9421
Camarilla	8.5788	8.5984	8.6181	8.6378	8.6575	8.6772	8.6968
Woodie	8.3158	8.3965	8.5305	8.6112	8.7452	8.8259	8.9599
Fibonacci	8.3876	8.4696	8.5203	8.6023	8.6843	8.7350	8.8170

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):	29.77
MACD (12,26,9):	-0.0150
Directional Movement:	-20.4943
AROON (14):	-50.0000
DEMA (21):	8.5813
Parabolic SAR (0,02-0,02-0,2):	8.6802
Elder Ray (13):	-0.1360
Super Trend (3,10):	8.6149
Zig ZAG (10):	8.4150
VORTEX (21):	0.8439
Stochastique (14,3,5):	2.41
TEMA (21):	8.5374
Williams %R (14):	-98.17
Chande Momentum Oscillator (20):	-0.2226
Repulse (5,40,3):	-2.3307
ROCnROLL:	2
TRIX (15,9):	0.0255
Courbe Coppock:	1.85

MA7:	8.5726
MA20:	8.6176
MA50:	8.5650
MA100:	8.5139
MAexp7:	8.5382
MAexp20:	8.5879
MAexp50:	8.5672
MAexp100:	8.5480
Price / MA7:	-1.82%
Price / MA20:	-2.34%
Price / MA50:	-1.74%
Price / MA100:	-1.15%
Price / MAexp7:	-1.43%
Price / MAexp20:	-2.00%
Price / MAexp50:	-1.76%
Price / MAexp100:	-1.54%

Quotes : - Real time data - Forex

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

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