CHF/HKD - 1H - Technical analysis published on 05/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 8.6009 HKD
My targets
8.5441 HKD (-0.0232)
8.4835 HKD (-0.0838)
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 8.6009 HKD. The next bearish objective for sellers is set at 8.5441 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.4835 HKD. If there is any crossing, the next objective would be the support located at 8.3324 HKD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
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 rating is 8.5673 HKD. On the day, this instrument lost -0.01% with the lowest point at 8.5558 HKD and the highest point at 8.5890 HKD. The deviation from the price is +0.13% for the low point and -0.25% for the high point.8.5558
8.5890
8.5673
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.3324 | 8.4835 | 8.5625 | 8.5673 | 8.6009 | 8.6283 | 8.6612 |
| Change (%) | -2.74% | -0.98% | -0.06% | - | +0.39% | +0.71% | +1.10% |
| Change | -0.2349 | -0.0838 | -0.0048 | - | +0.0336 | +0.0610 | +0.0939 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5256 | 8.5433 | 8.5557 | 8.5734 | 8.5858 | 8.6035 | 8.6159 |
| Camarilla | 8.5598 | 8.5626 | 8.5653 | 8.5681 | 8.5709 | 8.5736 | 8.5764 |
| Woodie | 8.5230 | 8.5420 | 8.5531 | 8.5721 | 8.5832 | 8.6022 | 8.6133 |
| Fibonacci | 8.5433 | 8.5548 | 8.5619 | 8.5734 | 8.5849 | 8.5920 | 8.6035 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4360 | 8.5056 | 8.5441 | 8.6137 | 8.6522 | 8.7218 | 8.7603 |
| Camarilla | 8.5530 | 8.5629 | 8.5728 | 8.5827 | 8.5926 | 8.6025 | 8.6124 |
| Woodie | 8.4206 | 8.4978 | 8.5287 | 8.6059 | 8.6368 | 8.7140 | 8.7449 |
| Fibonacci | 8.5056 | 8.5469 | 8.5724 | 8.6137 | 8.6550 | 8.6805 | 8.7218 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2486 | 8.3775 | 8.4425 | 8.5714 | 8.6364 | 8.7653 | 8.8303 |
| Camarilla | 8.4541 | 8.4719 | 8.4896 | 8.5074 | 8.5252 | 8.5430 | 8.5607 |
| Woodie | 8.2166 | 8.3615 | 8.4105 | 8.5554 | 8.6044 | 8.7493 | 8.7983 |
| Fibonacci | 8.3775 | 8.4516 | 8.4974 | 8.5714 | 8.6455 | 8.6913 | 8.7653 |
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): | 49.00 | |
| MACD (12,26,9): | -0.0015 | |
| Directional Movement: | -9.4717 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 8.5686 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.5810 | |
| Elder Ray (13): | -0.0020 | |
| Super Trend (3,10): | 8.5596 | |
| Zig ZAG (10): | 8.5662 | |
| VORTEX (21): | 1.0252 | |
| Stochastique (14,3,5): | 18.39 | |
| TEMA (21): | 8.5697 | |
| Williams %R (14): | -87.74 | |
| Chande Momentum Oscillator (20): | -0.0186 | |
| Repulse (5,40,3): | -0.0543 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0013 | |
| Courbe Coppock: | 0.05 |
| MA7: | 8.6020 | |
| MA20: | 8.5930 | |
| MA50: | 8.6443 | |
| MA100: | 8.8163 | |
| MAexp7: | 8.5684 | |
| MAexp20: | 8.5708 | |
| MAexp50: | 8.5768 | |
| MAexp100: | 8.5882 | |
| Price / MA7: | -0.40% | |
| Price / MA20: | -0.30% | |
| Price / MA50: | -0.89% | |
| Price / MA100: | -2.82% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.24% |
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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