CHF/HKD - 1H - Technical analysis published on 05/31/2024 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 8.5963 HKD
My targets
8.6685 HKD (+0.0156)
8.7653 HKD (+0.1124)
My analysis
The bullish trend is currently very strong on CHF/HKD. As long as the price remains above the support at 8.5963 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.6685 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.7653 HKD as an objective. Crossing it would then enable buyers to target 8.8224 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 not called into question, despite technical indicators being indecisive.
Force
0
10
7
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Additional analysis
Quotes
The CHF/HKD price is 8.6529 HKD. The price registered an increase of +0.00% on the session and was traded between 8.6208 HKD and 8.6849 HKD over the period. The price is currently at +0.37% from its lowest and -0.37% from its highest.8.6208
8.6849
8.6529
Here is a more detailed summary of the historical variations registered by CHF/HKD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/HKD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 9 are bullish, 5 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
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
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.5554 | 8.5720 | 8.5963 | 8.6529 | 8.6572 | 8.6685 | 8.8224 |
| Change (%) | -1.13% | -0.93% | -0.65% | - | +0.05% | +0.18% | +1.96% |
| Change | -0.0975 | -0.0809 | -0.0566 | - | +0.0043 | +0.0156 | +0.1695 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4712 | 8.5096 | 8.5813 | 8.6197 | 8.6914 | 8.7298 | 8.8015 |
| Camarilla | 8.6228 | 8.6329 | 8.6430 | 8.6531 | 8.6632 | 8.6733 | 8.6834 |
| Woodie | 8.4880 | 8.5179 | 8.5981 | 8.6280 | 8.7082 | 8.7381 | 8.8183 |
| Fibonacci | 8.5096 | 8.5516 | 8.5776 | 8.6197 | 8.6617 | 8.6877 | 8.7298 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4452 | 8.4843 | 8.5128 | 8.5519 | 8.5804 | 8.6195 | 8.6480 |
| Camarilla | 8.5226 | 8.5288 | 8.5350 | 8.5412 | 8.5474 | 8.5536 | 8.5598 |
| Woodie | 8.4398 | 8.4817 | 8.5074 | 8.5493 | 8.5750 | 8.6169 | 8.6426 |
| Fibonacci | 8.4843 | 8.5102 | 8.5261 | 8.5519 | 8.5778 | 8.5937 | 8.6195 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.52 | |
| MACD (12,26,9): | 0.0091 | |
| Directional Movement: | 19.3041 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 8.6590 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.6305 | |
| Elder Ray (13): | 0.0038 | |
| Super Trend (3,10): | 8.6345 | |
| Zig ZAG (10): | 8.6508 | |
| VORTEX (21): | 0.9996 | |
| Stochastique (14,3,5): | 60.53 | |
| TEMA (21): | 8.6546 | |
| Williams %R (14): | -54.60 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | -0.0549 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0162 | |
| Courbe Coppock: | 0.03 |
| MA7: | 8.5790 | |
| MA20: | 8.5939 | |
| MA50: | 8.6064 | |
| MA100: | 8.7671 | |
| MAexp7: | 8.6537 | |
| MAexp20: | 8.6456 | |
| MAexp50: | 8.6236 | |
| MAexp100: | 8.6005 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | -1.30% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.61% |
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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