CHF/HKD - 1H - Technical analysis published on 08/25/2023 (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
33%
50%
17%
My opinion
Bearish under 8.8734 HKD
My targets
8.8038 HKD (-0.0529)
8.7502 HKD (-0.1065)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/HKD as long as the price remains well below 8.8734 HKD. The sellers' bearish objective is set at 8.8038 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.7502 HKD. In case of crossing, the next objective would be the support located at 8.6063 HKD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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 8.8567 HKD. The price is lower by -0.01% since the last closing with the lowest point at 8.8435 HKD and the highest point at 8.8632 HKD. The deviation from the price is +0.15% for the low point and -0.07% for the high point.8.8435
8.8632
8.8567
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/HKD:
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/HKD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
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 | 8.3324 | 8.4813 | 8.6063 | 8.8567 | 8.8734 | 8.8842 | 8.8932 |
| Change (%) | -5.92% | -4.24% | -2.83% | - | +0.19% | +0.31% | +0.41% |
| Change | -0.5243 | -0.3754 | -0.2504 | - | +0.0167 | +0.0275 | +0.0365 |
| Level | Major | Major | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.7287 | 8.7916 | 8.8243 | 8.8872 | 8.9199 | 8.9828 | 9.0155 |
| Camarilla | 8.8308 | 8.8396 | 8.8483 | 8.8571 | 8.8659 | 8.8746 | 8.8834 |
| Woodie | 8.7137 | 8.7841 | 8.8093 | 8.8797 | 8.9049 | 8.9753 | 9.0005 |
| Fibonacci | 8.7916 | 8.8281 | 8.8507 | 8.8872 | 8.9237 | 8.9463 | 8.9828 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.7502 | 8.8038 | 8.8401 | 8.8937 | 8.9300 | 8.9836 | 9.0199 |
| Camarilla | 8.8517 | 8.8599 | 8.8682 | 8.8764 | 8.8846 | 8.8929 | 8.9011 |
| Woodie | 8.7416 | 8.7995 | 8.8315 | 8.8894 | 8.9214 | 8.9793 | 9.0113 |
| Fibonacci | 8.8038 | 8.8381 | 8.8594 | 8.8937 | 8.9280 | 8.9493 | 8.9836 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2692 | 8.4785 | 8.7121 | 8.9214 | 9.1550 | 9.3643 | 9.5979 |
| Camarilla | 8.8238 | 8.8644 | 8.9050 | 8.9456 | 8.9862 | 9.0268 | 9.0674 |
| Woodie | 8.2813 | 8.4846 | 8.7242 | 8.9275 | 9.1671 | 9.3704 | 9.6100 |
| Fibonacci | 8.4785 | 8.6477 | 8.7523 | 8.9214 | 9.0906 | 9.1952 | 9.3643 |
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): | 38.15 | |
| MACD (12,26,9): | -0.0142 | |
| Directional Movement: | -13.7749 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 8.8472 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.8632 | |
| Elder Ray (13): | -0.0085 | |
| Super Trend (3,10): | 8.8764 | |
| Zig ZAG (10): | 8.8546 | |
| VORTEX (21): | 0.7857 | |
| Stochastique (14,3,5): | 26.09 | |
| TEMA (21): | 8.8423 | |
| Williams %R (14): | -61.90 | |
| Chande Momentum Oscillator (20): | -0.0120 | |
| Repulse (5,40,3): | 0.0515 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0257 | |
| Courbe Coppock: | 0.55 |
| MA7: | 8.8953 | |
| MA20: | 8.9118 | |
| MA50: | 8.8927 | |
| MA100: | 8.8113 | |
| MAexp7: | 8.8542 | |
| MAexp20: | 8.8662 | |
| MAexp50: | 8.8865 | |
| MAexp100: | 8.8970 | |
| Price / MA7: | -0.43% | |
| Price / MA20: | -0.62% | |
| Price / MA50: | -0.40% | |
| Price / MA100: | +0.52% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -0.45% |
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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