CHF/HKD - 1H - Technical analysis published on 09/13/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 8.4682 HKD
My targets
8.4318 HKD (-0.0177)
8.4199 HKD (-0.0296)
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 8.4682 HKD. The sellers' bearish objective is set at 8.4318 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.4199 HKD. In case of crossing, the next objective would be the support located at 8.3822 HKD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CHF/HKD rating is 8.4495 HKD. The price registered a decrease of -0.25% on the session with the lowest point at 8.4180 HKD and the highest point at 8.4764 HKD. The deviation from the price is +0.37% for the low point and -0.32% for the high point.8.4180
8.4764
8.4495
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/HKD chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed 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:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.3822 | 8.4199 | 8.4318 | 8.4495 | 8.4519 | 8.4682 | 8.4813 |
| Change (%) | -0.80% | -0.35% | -0.21% | - | +0.03% | +0.22% | +0.38% |
| Change | -0.0673 | -0.0296 | -0.0177 | - | +0.0024 | +0.0187 | +0.0318 |
| Level | Major | Intermediate | Major | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4288 | 8.4484 | 8.4594 | 8.4790 | 8.4900 | 8.5096 | 8.5206 |
| Camarilla | 8.4621 | 8.4649 | 8.4677 | 8.4705 | 8.4733 | 8.4761 | 8.4789 |
| Woodie | 8.4246 | 8.4463 | 8.4552 | 8.4769 | 8.4858 | 8.5075 | 8.5164 |
| Fibonacci | 8.4484 | 8.4601 | 8.4673 | 8.4790 | 8.4907 | 8.4979 | 8.5096 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3319 | 8.3759 | 8.4232 | 8.4672 | 8.5145 | 8.5585 | 8.6058 |
| Camarilla | 8.4454 | 8.4538 | 8.4621 | 8.4705 | 8.4789 | 8.4872 | 8.4956 |
| Woodie | 8.3336 | 8.3767 | 8.4249 | 8.4680 | 8.5162 | 8.5593 | 8.6075 |
| Fibonacci | 8.3759 | 8.4108 | 8.4323 | 8.4672 | 8.5021 | 8.5236 | 8.5585 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2013 | 8.3105 | 8.4037 | 8.5129 | 8.6061 | 8.7153 | 8.8085 |
| Camarilla | 8.4411 | 8.4597 | 8.4783 | 8.4968 | 8.5154 | 8.5339 | 8.5525 |
| Woodie | 8.1932 | 8.3065 | 8.3956 | 8.5089 | 8.5980 | 8.7113 | 8.8004 |
| Fibonacci | 8.3105 | 8.3879 | 8.4356 | 8.5129 | 8.5903 | 8.6380 | 8.7153 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.31 | |
| MACD (12,26,9): | -0.0107 | |
| Directional Movement: | -8.8594 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 8.4396 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.4186 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 8.4179 | |
| Zig ZAG (10): | 8.4317 | |
| VORTEX (21): | 0.7311 | |
| Stochastique (14,3,5): | 20.58 | |
| TEMA (21): | 8.4279 | |
| Williams %R (14): | -67.78 | |
| Chande Momentum Oscillator (20): | -0.0297 | |
| Repulse (5,40,3): | 0.0181 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0144 | |
| Courbe Coppock: | 0.83 |
| MA7: | 8.4701 | |
| MA20: | 8.4933 | |
| MA50: | 8.4920 | |
| MA100: | 8.5260 | |
| MAexp7: | 8.4368 | |
| MAexp20: | 8.4521 | |
| MAexp50: | 8.4620 | |
| MAexp100: | 8.4678 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | -0.52% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | -0.90% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.22% |
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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