CHF/HKD - 1H - Technical analysis published on 01/31/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 8.4813 HKD
My targets
8.4384 HKD (-0.0283)
8.3320 HKD (-0.1347)
My analysis
CHF/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 8.4813 HKD. The next support located at 8.4384 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 8.3320 HKD. Below this support, sellers could then target 8.0946 HKD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.5
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.
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 8.4667 HKD. The price registered an increase of +0.00% on the session with the lowest point at 8.4641 HKD and the highest point at 8.4821 HKD. The deviation from the price is +0.03% for the low point and -0.18% for the high point.8.4641
8.4821
8.4667
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on CHF/HKD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of CHF/HKD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.0946 | 8.3320 | 8.4384 | 8.4667 | 8.4813 | 8.5182 | 8.5494 |
| Change (%) | -4.39% | -1.59% | -0.33% | - | +0.17% | +0.61% | +0.98% |
| Change | -0.3721 | -0.1347 | -0.0283 | - | +0.0146 | +0.0515 | +0.0827 |
| Level | Intermediate | Major | Minor | - | Major | Minor | 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 | 8.3720 | 8.4177 | 8.4423 | 8.4880 | 8.5126 | 8.5583 | 8.5829 |
| Camarilla | 8.4475 | 8.4539 | 8.4604 | 8.4668 | 8.4732 | 8.4797 | 8.4861 |
| Woodie | 8.3614 | 8.4124 | 8.4317 | 8.4827 | 8.5020 | 8.5530 | 8.5723 |
| Fibonacci | 8.4177 | 8.4446 | 8.4612 | 8.4880 | 8.5149 | 8.5315 | 8.5583 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3303 | 8.3843 | 8.4407 | 8.4947 | 8.5511 | 8.6051 | 8.6615 |
| Camarilla | 8.4666 | 8.4768 | 8.4869 | 8.4970 | 8.5071 | 8.5172 | 8.5274 |
| Woodie | 8.3314 | 8.3849 | 8.4418 | 8.4953 | 8.5522 | 8.6057 | 8.6626 |
| Fibonacci | 8.3843 | 8.4265 | 8.4526 | 8.4947 | 8.5369 | 8.5630 | 8.6051 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0243 | 8.1222 | 8.2764 | 8.3743 | 8.5285 | 8.6264 | 8.7806 |
| Camarilla | 8.3613 | 8.3844 | 8.4075 | 8.4306 | 8.4537 | 8.4768 | 8.4999 |
| Woodie | 8.0525 | 8.1363 | 8.3046 | 8.3884 | 8.5567 | 8.6405 | 8.8088 |
| Fibonacci | 8.1222 | 8.2185 | 8.2780 | 8.3743 | 8.4706 | 8.5301 | 8.6264 |
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): | 41.61 | |
| MACD (12,26,9): | -0.0074 | |
| Directional Movement: | -12.1347 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 8.4696 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.4868 | |
| Elder Ray (13): | -0.0071 | |
| Super Trend (3,10): | 8.4964 | |
| Zig ZAG (10): | 8.4706 | |
| VORTEX (21): | 0.8561 | |
| Stochastique (14,3,5): | 19.10 | |
| TEMA (21): | 8.4666 | |
| Williams %R (14): | -73.60 | |
| Chande Momentum Oscillator (20): | -0.0066 | |
| Repulse (5,40,3): | 0.0017 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0122 | |
| Courbe Coppock: | 0.46 |
| MA7: | 8.4952 | |
| MA20: | 8.4662 | |
| MA50: | 8.3894 | |
| MA100: | 8.1912 | |
| MAexp7: | 8.4720 | |
| MAexp20: | 8.4790 | |
| MAexp50: | 8.4892 | |
| MAexp100: | 8.4957 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | +0.92% | |
| Price / MA100: | +3.36% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.34% |
Quotes :
-
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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