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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 - 1H - Technical analysis published on 08/30/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 8.8964 HKD
My targets
8.9419 HKD (+0.0159)
8.9964 HKD (+0.0704)
My analysis
The bullish trend is currently very strong on CHF/HKD. As long as the price remains above the support at 8.8964 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.9419 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.9964 HKD as an objective. Crossing it would then enable buyers to target 9.0741 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7

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.

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

Additional analysis

Quotes

The CHF/HKD price is 8.9260 HKD. The price registered an increase of +0.00% on the session and was between 8.9224 HKD and 8.9320 HKD. This implies that the price is at +0.04% from its lowest and at -0.07% from its highest.

8.9224
8.9320
8.9260

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CHF/HKD chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.8842 8.8964 8.9198 8.9260 8.9287 8.9419 9.0741
Change (%) -0.47% -0.33% -0.07% - +0.03% +0.18% +1.66%
Change -0.0418 -0.0296 -0.0062 - +0.0027 +0.0159 +0.1481
Level Major Major Minor - Minor Major Major



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
Standard8.78998.82368.87498.90868.95998.99369.0449
Camarilla8.90298.91078.91858.92638.93418.94198.9497
Woodie8.79888.82808.88388.91308.96888.99809.0538
Fibonacci8.82368.85608.87618.90868.94108.96118.9936


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.70628.77208.81848.88428.93068.99649.0428
Camarilla8.83408.84428.85458.86488.87518.88548.8957
Woodie8.69658.76728.80878.87948.92098.99169.0331
Fibonacci8.77208.81498.84138.88428.92718.95358.9964


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.26928.47858.71218.92149.15509.36439.5979
Camarilla8.82388.86448.90508.94568.98629.02689.0674
Woodie8.28138.48468.72428.92759.16719.37049.6100
Fibonacci8.47858.64778.75238.92149.09069.19529.3643

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): 60.15
MACD (12,26,9): 0.0136
Directional Movement: 10.9732
AROON (14): 42.8571
DEMA (21): 8.9311
Parabolic SAR (0,02-0,02-0,2): 8.9102
Elder Ray (13): 0.0036
Super Trend (3,10): 8.8951
Zig ZAG (10): 8.9250
VORTEX (21): 1.1100
Stochastique (14,3,5): 82.20
TEMA (21): 8.9378
Williams %R (14): -20.24
Chande Momentum Oscillator (20): 0.0236
Repulse (5,40,3): -0.0382
ROCnROLL: 1
TRIX (15,9): 0.0214
Courbe Coppock: 1.19
MA7: 8.8992
MA20: 8.9104
MA50: 8.9033
MA100: 8.8178
MAexp7: 8.9271
MAexp20: 8.9137
MAexp50: 8.8972
MAexp100: 8.8924
Price / MA7: +0.30%
Price / MA20: +0.18%
Price / MA50: +0.25%
Price / MA100: +1.23%
Price / MAexp7: -0.01%
Price / MAexp20: +0.14%
Price / MAexp50: +0.32%
Price / MAexp100: +0.38%

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 AI

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