CHF/HKD - 1H - Technical analysis published on 07/28/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 8.1766 HKD
My targets
8.2016 HKD (+0.0120)
8.2773 HKD (+0.0877)
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 8.1766 HKD. The buyers' bullish objective is set at 8.2016 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.2773 HKD. If there is any crossing, the next objective would be the resistance located at 8.3795 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
8.6
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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 price is 8.1896 HKD. The price registered an increase of +0.00% on the session with the lowest point at 8.1771 HKD and the highest point at 8.2003 HKD. The deviation from the price is +0.15% for the low point and -0.13% for the high point.8.1771
8.2003
8.1896
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:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/HKD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.0593 | 8.1143 | 8.1766 | 8.1896 | 8.2016 | 8.3795 | 8.4813 |
| Change (%) | -1.59% | -0.92% | -0.16% | - | +0.15% | +2.32% | +3.56% |
| Change | -0.1303 | -0.0753 | -0.0130 | - | +0.0120 | +0.1899 | +0.2917 |
| Level | Minor | Major | Intermediate | - | Major | Major | Major |
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 | 8.0823 | 8.1046 | 8.1472 | 8.1695 | 8.2121 | 8.2344 | 8.2770 |
| Camarilla | 8.1721 | 8.1780 | 8.1840 | 8.1899 | 8.1959 | 8.2018 | 8.2078 |
| Woodie | 8.0926 | 8.1097 | 8.1575 | 8.1746 | 8.2224 | 8.2395 | 8.2873 |
| Fibonacci | 8.1046 | 8.1294 | 8.1447 | 8.1695 | 8.1943 | 8.2096 | 8.2344 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.09 | |
| MACD (12,26,9): | 0.0099 | |
| Directional Movement: | 11.8215 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 8.1826 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.1492 | |
| Elder Ray (13): | 0.0148 | |
| Super Trend (3,10): | 8.1484 | |
| Zig ZAG (10): | 8.1887 | |
| VORTEX (21): | 1.0894 | |
| Stochastique (14,3,5): | 84.60 | |
| TEMA (21): | 8.1879 | |
| Williams %R (14): | -17.01 | |
| Chande Momentum Oscillator (20): | 0.0477 | |
| Repulse (5,40,3): | -0.0297 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0115 | |
| Courbe Coppock: | 0.73 |
| MA7: | 8.1488 | |
| MA20: | 8.0904 | |
| MA50: | 8.1021 | |
| MA100: | 8.1623 | |
| MAexp7: | 8.1836 | |
| MAexp20: | 8.1712 | |
| MAexp50: | 8.1588 | |
| MAexp100: | 8.1427 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +1.23% | |
| Price / MA50: | +1.08% | |
| Price / MA100: | +0.33% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.58% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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