CHF/HKD - 1H - Technical analysis published on 08/28/2022 (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 bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 8.1729 HKD
My targets
8.1143 HKD (-0.0098)
8.1004 HKD (-0.0237)
My analysis
In the short term, we can see an acceleration in the bearish trend on CHF/HKD, which is a positive signal for sellers. As long as the price remains above 8.1729 HKD, a sale could be considered. The first bearish objective is located at 8.1143 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.1004 HKD as an objective. Crossing it would then enable sellers to target 7.9856 HKD. If the price were to return above 8.1729 HKD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/HKD rating 8.1241 HKD. The price registered a decrease of -0.01% on the session and was traded between 8.1238 HKD and 8.1250 HKD over the period. The price is currently at +0.00% from its lowest and -0.01% from its highest.8.1238
8.1250
8.1241
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/HKD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 7.9856 | 8.1004 | 8.1143 | 8.1241 | 8.1729 | 8.2176 | 8.2302 |
| Change (%) | -1.70% | -0.29% | -0.12% | - | +0.60% | +1.15% | +1.31% |
| Change | -0.1385 | -0.0237 | -0.0098 | - | +0.0488 | +0.0935 | +0.1061 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0185 | 8.0666 | 8.0956 | 8.1437 | 8.1727 | 8.2208 | 8.2498 |
| Camarilla | 8.1034 | 8.1105 | 8.1175 | 8.1246 | 8.1317 | 8.1387 | 8.1458 |
| Woodie | 8.0090 | 8.0618 | 8.0861 | 8.1389 | 8.1632 | 8.2160 | 8.2403 |
| Fibonacci | 8.0666 | 8.0961 | 8.1143 | 8.1437 | 8.1732 | 8.1914 | 8.2208 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9835 | 8.0399 | 8.0823 | 8.1387 | 8.1811 | 8.2375 | 8.2799 |
| Camarilla | 8.0974 | 8.1065 | 8.1155 | 8.1246 | 8.1337 | 8.1427 | 8.1518 |
| Woodie | 7.9764 | 8.0364 | 8.0752 | 8.1352 | 8.1740 | 8.2340 | 8.2728 |
| Fibonacci | 8.0399 | 8.0777 | 8.1010 | 8.1387 | 8.1765 | 8.1998 | 8.2375 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.48 | |
| MACD (12,26,9): | -0.0034 | |
| Directional Movement: | 5.0050 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 8.1325 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.1732 | |
| Elder Ray (13): | -0.0110 | |
| Super Trend (3,10): | 8.1630 | |
| Zig ZAG (10): | 8.1246 | |
| VORTEX (21): | 0.9209 | |
| Stochastique (14,3,5): | 6.66 | |
| TEMA (21): | 8.1282 | |
| Williams %R (14): | -87.16 | |
| Chande Momentum Oscillator (20): | -0.0086 | |
| Repulse (5,40,3): | -0.0297 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.13 |
| MA7: | 8.1473 | |
| MA20: | 8.2124 | |
| MA50: | 8.1589 | |
| MA100: | 8.1239 | |
| MAexp7: | 8.1287 | |
| MAexp20: | 8.1356 | |
| MAexp50: | 8.1375 | |
| MAexp100: | 8.1465 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | -1.08% | |
| Price / MA50: | -0.43% | |
| Price / MA100: | +0.00% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.27% |
Quotes :
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Real time data
-
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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