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CHF/HKD
CHF HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFHKD
ISIN:

CHF/HKD - Daily - Technical analysis published on 05/18/2023 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 8.6397 HKD
My targets
8.8283 HKD (+0.1155)
9.0741 HKD (+0.3613)
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 8.6397 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 8.6397 HKD. The next bullish objective for buyers is set at 8.8283 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.0741 HKD. If there is any crossing, the next objective would be the resistance located at 10.7929 HKD. PS: if there is a bearish break in the support located at 8.6397 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.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4

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.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

CHF/HKD rating 8.7128 HKD. The price registered an increase of +0.00% on the session and was between 8.7081 HKD and 8.7163 HKD. This implies that the price is at +0.05% from its lowest and at -0.04% from its highest.

8.7081
8.7163
8.7128

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of CHF/HKD in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.3312 8.4813 8.6397 8.7128 8.8283 9.0741 10.7929
Change (%) -4.38% -2.66% -0.84% - +1.33% +4.15% +23.87%
Change -0.3816 -0.2315 -0.0731 - +0.1155 +0.3613 +2.0801
Level Major Intermediate Intermediate - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.59278.63448.67378.71548.75478.79648.8357
Camarilla8.69068.69818.70558.71298.72038.72788.7352
Woodie8.59148.63388.67248.71488.75348.79588.8344
Fibonacci8.63448.66548.68458.71548.74648.76558.7964


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.56198.64388.68608.76798.81018.89208.9342
Camarilla8.69408.70548.71678.72818.73958.75098.7622
Woodie8.54208.63398.66618.75808.79028.88218.9143
Fibonacci8.64388.69128.72058.76798.81538.84468.8920


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.25268.39448.58348.72528.91429.05609.2450
Camarilla8.68158.71198.74228.77258.80288.83328.8635
Woodie8.27638.40628.60718.73708.93799.06789.2687
Fibonacci8.39448.52078.59888.72528.85158.92969.0560

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): 45.65
MACD (12,26,9): 0.0097
Directional Movement: -7.0501
AROON (14): -64.2857
DEMA (21): 8.7850
Parabolic SAR (0,02-0,02-0,2): 8.8544
Elder Ray (13): -0.0482
Super Trend (3,10): 8.6532
Zig ZAG (10): 8.7143
VORTEX (21): 0.9927
Stochastique (14,3,5): 15.21
TEMA (21): 8.7474
Williams %R (14): -82.82
Chande Momentum Oscillator (20): -0.0830
Repulse (5,40,3): -0.4845
ROCnROLL: -1
TRIX (15,9): 0.0533
Courbe Coppock: 1.20
MA7: 8.7460
MA20: 8.7885
MA50: 8.6851
MA100: 8.5702
MAexp7: 8.7438
MAexp20: 8.7593
MAexp50: 8.6907
MAexp100: 8.5787
Price / MA7: -0.38%
Price / MA20: -0.86%
Price / MA50: +0.32%
Price / MA100: +1.66%
Price / MAexp7: -0.35%
Price / MAexp20: -0.53%
Price / MAexp50: +0.25%
Price / MAexp100: +1.56%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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