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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 11/30/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 8.8869 HKD
My targets
8.9487 HKD (+0.0136)
8.9526 HKD (+0.0175)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/HKD. As long as you are above the support located at 8.8869 HKD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 8.9487 HKD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 8.9526 HKD as an objective. Crossing it would then enable buyers to target 9.0741 HKD. If the support 8.8869 HKD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.6

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:
Daily Weekly

Additional analysis

Quotes

The CHF/HKD price is 8.9351 HKD. The price has increased by +0.00% since the last closing with the lowest point at 8.9148 HKD and the highest point at 8.9596 HKD. The deviation from the price is +0.23% for the low point and -0.27% for the high point.

8.9148
8.9596
8.9351

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

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


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CHF/HKD indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral 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.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.8109 8.8283 8.8869 8.9351 8.9487 9.0741 10.7929
Change (%) -1.39% -1.20% -0.54% - +0.15% +1.56% +20.79%
Change -0.1242 -0.1068 -0.0482 - +0.0136 +0.1390 +1.8578
Level Major Intermediate Major - Intermediate Major Intermediate



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
Standard8.81998.84888.89218.92108.96438.99329.0365
Camarilla8.91558.92218.92878.93538.94198.94858.9552
Woodie8.82708.85248.89928.92468.97148.99689.0436
Fibonacci8.84888.87648.89358.92108.94868.96578.9932


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.73438.76028.79468.82058.85498.88088.9152
Camarilla8.81248.81808.82358.82908.83458.84018.8456
Woodie8.73868.76238.79898.82268.85928.88298.9195
Fibonacci8.76028.78328.79758.82058.84358.85788.8808


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.11808.29508.44688.62388.77568.95269.1044
Camarilla8.50818.53828.56848.59858.62868.65888.6889
Woodie8.10538.28878.43418.61758.76298.94639.0917
Fibonacci8.29508.42068.49828.62388.74948.82708.9526

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): 50.52
MACD (12,26,9): 0.0043
Directional Movement: -1.5292
AROON (14): -57.1429
DEMA (21): 8.9385
Parabolic SAR (0,02-0,02-0,2): 8.9418
Elder Ray (13): -0.0057
Super Trend (3,10): 8.9165
Zig ZAG (10): 8.9299
VORTEX (21): 1.0427
Stochastique (14,3,5): 23.51
TEMA (21): 8.9321
Williams %R (14): -64.06
Chande Momentum Oscillator (20): -0.0158
Repulse (5,40,3): 0.0775
ROCnROLL: 1
TRIX (15,9): 0.0156
Courbe Coppock: 0.17
MA7: 8.8673
MA20: 8.7806
MA50: 8.6956
MA100: 8.7949
MAexp7: 8.9303
MAexp20: 8.9296
MAexp50: 8.9114
MAexp100: 8.8863
Price / MA7: +0.76%
Price / MA20: +1.76%
Price / MA50: +2.75%
Price / MA100: +1.59%
Price / MAexp7: +0.05%
Price / MAexp20: +0.06%
Price / MAexp50: +0.27%
Price / MAexp100: +0.55%

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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