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CHF/HKD
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 01/04/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 8.4309 HKD
My targets
8.5590 HKD (+0.0559)
8.6051 HKD (+0.1020)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/HKD as long as the price remains well above 8.4309 HKD. The buyers' bullish objective is set at 8.5590 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.6051 HKD. If there is any crossing, the next objective would be the resistance located at 8.6747 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

CHF/HKD rating 8.5031 HKD. On the day, this instrument gained +0.15% and was traded between 8.4799 HKD and 8.5079 HKD over the period. The price is currently at +0.27% from its lowest and -0.06% from its highest.

8.4799
8.5079
8.5031

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/HKD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this CHF/HKD chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.3880 8.4309 8.4813 8.5031 8.5590 8.6051 8.6747
Change (%) -1.35% -0.85% -0.26% - +0.66% +1.20% +2.02%
Change -0.1151 -0.0722 -0.0218 - +0.0559 +0.1020 +0.1716
Level Minor Intermediate Major - Intermediate Minor Intermediate



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
Standard8.37668.42638.45838.50808.54008.58978.6217
Camarilla8.46798.47548.48298.49048.49798.50548.5129
Woodie8.36798.42198.44968.50368.53138.58538.6130
Fibonacci8.42638.45758.47688.50808.53928.55858.5897


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.39648.43438.49158.52948.58668.62458.6817
Camarilla8.52278.53148.54018.54888.55758.56628.5750
Woodie8.40628.43918.50138.53428.59648.62938.6915
Fibonacci8.43438.47068.49308.52948.56578.58818.6245


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.26848.33198.44038.50388.61228.67578.7841
Camarilla8.50158.51738.53308.54888.56468.58038.5961
Woodie8.29108.34318.46298.51508.63488.68698.8067
Fibonacci8.33198.39758.43818.50388.56948.61008.6757

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): 52.98
MACD (12,26,9): 0.0183
Directional Movement: 5.1632
AROON (14): 85.7143
DEMA (21): 8.5090
Parabolic SAR (0,02-0,02-0,2): 8.4701
Elder Ray (13): -0.0067
Super Trend (3,10): 8.3943
Zig ZAG (10): 8.5015
VORTEX (21): 1.0608
Stochastique (14,3,5): 66.13
TEMA (21): 8.5223
Williams %R (14): -46.24
Chande Momentum Oscillator (20): 0.0609
Repulse (5,40,3): -0.0097
ROCnROLL: 1
TRIX (15,9): 0.0269
Courbe Coppock: 1.37
MA7: 8.5158
MA20: 8.4813
MA50: 8.4660
MA100: 8.4534
MAexp7: 8.5084
MAexp20: 8.4866
MAexp50: 8.4673
MAexp100: 8.4667
Price / MA7: -0.15%
Price / MA20: +0.26%
Price / MA50: +0.44%
Price / MA100: +0.59%
Price / MAexp7: -0.06%
Price / MAexp20: +0.19%
Price / MAexp50: +0.42%
Price / MAexp100: +0.43%

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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