CHF/HKD - 1H - Technical analysis published on 07/26/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
39%
28%
My opinion
Bullish above 8.1143 HKD
My targets
8.1766 HKD (+0.0369)
8.2016 HKD (+0.0619)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 8.1143 HKD remains possible. It is advisable to trade CHF/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 8.1143 HKD. The next bullish objective for buyers is set at 8.1766 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.2016 HKD. If there is any crossing, the next objective would be the resistance located at 8.3795 HKD. PS: if there is a bearish break in the support located at 8.1143 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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Additional analysis
Quotes
The CHF/HKD rating is 8.1397 HKD. The price registered an increase of +0.00% on the session with the lowest point at 8.1397 HKD and the highest point at 8.1423 HKD. The deviation from the price is 0% for the low point and -0.03% for the high point.8.1397
8.1423
8.1397
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/HKD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 8.0198 | 8.0598 | 8.1143 | 8.1397 | 8.1766 | 8.2016 | 8.3795 |
| Change (%) | -1.47% | -0.98% | -0.31% | - | +0.45% | +0.76% | +2.95% |
| Change | -0.1199 | -0.0799 | -0.0254 | - | +0.0369 | +0.0619 | +0.2398 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0831 | 8.1043 | 8.1221 | 8.1433 | 8.1611 | 8.1823 | 8.2001 |
| Camarilla | 8.1291 | 8.1327 | 8.1362 | 8.1398 | 8.1434 | 8.1470 | 8.1505 |
| Woodie | 8.0813 | 8.1035 | 8.1203 | 8.1425 | 8.1593 | 8.1815 | 8.1983 |
| Fibonacci | 8.1043 | 8.1192 | 8.1284 | 8.1433 | 8.1582 | 8.1674 | 8.1823 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9053 | 7.9621 | 8.0629 | 8.1197 | 8.2205 | 8.2773 | 8.3781 |
| Camarilla | 8.1203 | 8.1347 | 8.1492 | 8.1636 | 8.1781 | 8.1925 | 8.2069 |
| Woodie | 7.9272 | 7.9731 | 8.0848 | 8.1307 | 8.2424 | 8.2883 | 8.4000 |
| Fibonacci | 7.9621 | 8.0223 | 8.0595 | 8.1197 | 8.1799 | 8.2171 | 8.2773 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.4757 | 7.6432 | 7.9291 | 8.0966 | 8.3825 | 8.5500 | 8.8359 |
| Camarilla | 8.0903 | 8.1319 | 8.1734 | 8.2150 | 8.2566 | 8.2981 | 8.3397 |
| Woodie | 7.5349 | 7.6728 | 7.9883 | 8.1262 | 8.4417 | 8.5796 | 8.8951 |
| Fibonacci | 7.6432 | 7.8164 | 7.9234 | 8.0966 | 8.2698 | 8.3768 | 8.5500 |
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): | 49.42 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | 1.5209 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 8.1394 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.1518 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 8.1179 | |
| Zig ZAG (10): | 8.1391 | |
| VORTEX (21): | 0.9252 | |
| Stochastique (14,3,5): | 31.79 | |
| TEMA (21): | 8.1343 | |
| Williams %R (14): | -65.91 | |
| Chande Momentum Oscillator (20): | -0.0043 | |
| Repulse (5,40,3): | -0.0318 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0011 | |
| Courbe Coppock: | 0.20 |
| MA7: | 8.0964 | |
| MA20: | 8.0954 | |
| MA50: | 8.0897 | |
| MA100: | 8.1695 | |
| MAexp7: | 8.1381 | |
| MAexp20: | 8.1398 | |
| MAexp50: | 8.1338 | |
| MAexp100: | 8.1154 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +0.55% | |
| Price / MA50: | +0.62% | |
| Price / MA100: | -0.36% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.30% |
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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