CHF/HKD - 1H - Technical analysis published on 08/09/2022 (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 bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 8.1999 HKD
My targets
8.2302 HKD (+0.0115)
8.2492 HKD (+0.0305)
My analysis
CHF/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.1999 HKD. The next resistance located at 8.2302 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.2492 HKD. After this resistance, buyers could then target 8.2615 HKD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.1
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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 8.2187 HKD. On the day, this instrument gained +0.00% with the lowest point at 8.2143 HKD and the highest point at 8.2204 HKD. The deviation from the price is +0.05% for the low point and -0.02% for the high point.8.2143
8.2204
8.2187
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
Technical analysis of CHF/HKD in 1H shows a strongly overall 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.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 8.1570 | 8.1831 | 8.1999 | 8.2187 | 8.2302 | 8.2492 | 8.2615 |
| Change (%) | -0.75% | -0.43% | -0.23% | - | +0.14% | +0.37% | +0.52% |
| Change | -0.0617 | -0.0356 | -0.0188 | - | +0.0115 | +0.0305 | +0.0428 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | 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 | 8.0656 | 8.1060 | 8.1624 | 8.2028 | 8.2592 | 8.2996 | 8.3560 |
| Camarilla | 8.1923 | 8.2012 | 8.2100 | 8.2189 | 8.2278 | 8.2367 | 8.2455 |
| Woodie | 8.0737 | 8.1100 | 8.1705 | 8.2068 | 8.2673 | 8.3036 | 8.3641 |
| Fibonacci | 8.1060 | 8.1429 | 8.1658 | 8.2028 | 8.2397 | 8.2626 | 8.2996 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9481 | 8.0409 | 8.1009 | 8.1937 | 8.2537 | 8.3465 | 8.4065 |
| Camarilla | 8.1188 | 8.1328 | 8.1468 | 8.1608 | 8.1748 | 8.1888 | 8.2028 |
| Woodie | 7.9316 | 8.0327 | 8.0844 | 8.1855 | 8.2372 | 8.3383 | 8.3900 |
| Fibonacci | 8.0409 | 8.0993 | 8.1354 | 8.1937 | 8.2521 | 8.2882 | 8.3465 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7207 | 7.8309 | 8.0409 | 8.1511 | 8.3611 | 8.4713 | 8.6813 |
| Camarilla | 8.1629 | 8.1922 | 8.2216 | 8.2509 | 8.2803 | 8.3096 | 8.3390 |
| Woodie | 7.7706 | 7.8559 | 8.0908 | 8.1761 | 8.4110 | 8.4963 | 8.7312 |
| Fibonacci | 7.8309 | 7.9532 | 8.0288 | 8.1511 | 8.2734 | 8.3490 | 8.4713 |
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): | 60.05 | |
| MACD (12,26,9): | 0.0079 | |
| Directional Movement: | 14.1292 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 8.2224 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.2365 | |
| Elder Ray (13): | 0.0035 | |
| Super Trend (3,10): | 8.1969 | |
| Zig ZAG (10): | 8.2196 | |
| VORTEX (21): | 1.1756 | |
| Stochastique (14,3,5): | 41.70 | |
| TEMA (21): | 8.2250 | |
| Williams %R (14): | -39.32 | |
| Chande Momentum Oscillator (20): | -0.0019 | |
| Repulse (5,40,3): | 0.0555 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0172 | |
| Courbe Coppock: | 0.08 |
| MA7: | 8.2064 | |
| MA20: | 8.1465 | |
| MA50: | 8.1112 | |
| MA100: | 8.1510 | |
| MAexp7: | 8.2179 | |
| MAexp20: | 8.2114 | |
| MAexp50: | 8.2007 | |
| MAexp100: | 8.1981 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +0.89% | |
| Price / MA50: | +1.33% | |
| Price / MA100: | +0.83% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.25% |
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.
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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