CHF/HKD - 1H - Technical analysis published on 06/25/2024 (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 bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 8.7439 HKD
My targets
8.7828 HKD (+0.0295)
8.8248 HKD (+0.0715)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CHF/HKD as long as the price remains well above 8.7439 HKD. The buyers' bullish objective is set at 8.7828 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.8248 HKD. If there is any crossing, the next objective would be the resistance located at 8.8454 HKD.
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
4.3
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Additional analysis
Quotes
The CHF/HKD rating is 8.7533 HKD. The price has increased by +0.15% since the last closing and was between 8.7405 HKD and 8.7553 HKD. This implies that the price is at +0.15% from its lowest and at -0.02% from its highest.8.7405
8.7553
8.7533
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of CHF/HKD in 1H shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
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 | 8.7015 | 8.7245 | 8.7439 | 8.7533 | 8.7828 | 8.8248 | 8.8454 |
| Change (%) | -0.59% | -0.33% | -0.11% | - | +0.34% | +0.82% | +1.05% |
| Change | -0.0518 | -0.0288 | -0.0094 | - | +0.0295 | +0.0715 | +0.0921 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6993 | 8.7118 | 8.7262 | 8.7387 | 8.7531 | 8.7656 | 8.7800 |
| Camarilla | 8.7332 | 8.7357 | 8.7381 | 8.7406 | 8.7431 | 8.7455 | 8.7480 |
| Woodie | 8.7003 | 8.7123 | 8.7272 | 8.7392 | 8.7541 | 8.7661 | 8.7810 |
| Fibonacci | 8.7118 | 8.7221 | 8.7284 | 8.7387 | 8.7490 | 8.7553 | 8.7656 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5661 | 8.6454 | 8.6868 | 8.7661 | 8.8075 | 8.8868 | 8.9282 |
| Camarilla | 8.6950 | 8.7061 | 8.7171 | 8.7282 | 8.7393 | 8.7503 | 8.7614 |
| Woodie | 8.5472 | 8.6359 | 8.6679 | 8.7566 | 8.7886 | 8.8773 | 8.9093 |
| Fibonacci | 8.6454 | 8.6915 | 8.7200 | 8.7661 | 8.8122 | 8.8407 | 8.8868 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3270 | 8.4032 | 8.5325 | 8.6087 | 8.7380 | 8.8142 | 8.9435 |
| Camarilla | 8.6053 | 8.6241 | 8.6430 | 8.6618 | 8.6806 | 8.6995 | 8.7183 |
| Woodie | 8.3536 | 8.4165 | 8.5591 | 8.6220 | 8.7646 | 8.8275 | 8.9701 |
| Fibonacci | 8.4032 | 8.4817 | 8.5302 | 8.6087 | 8.6872 | 8.7357 | 8.8142 |
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): | 61.06 | |
| MACD (12,26,9): | 0.0029 | |
| Directional Movement: | 9.8717 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 8.7468 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.7329 | |
| Elder Ray (13): | 0.0077 | |
| Super Trend (3,10): | 8.7323 | |
| Zig ZAG (10): | 8.7530 | |
| VORTEX (21): | 1.0966 | |
| Stochastique (14,3,5): | 87.62 | |
| TEMA (21): | 8.7520 | |
| Williams %R (14): | -9.70 | |
| Chande Momentum Oscillator (20): | 0.0182 | |
| Repulse (5,40,3): | 0.0390 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0026 | |
| Courbe Coppock: | 0.18 |
| MA7: | 8.7751 | |
| MA20: | 8.7356 | |
| MA50: | 8.6450 | |
| MA100: | 8.7184 | |
| MAexp7: | 8.7488 | |
| MAexp20: | 8.7439 | |
| MAexp50: | 8.7469 | |
| MAexp100: | 8.7565 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | +1.25% | |
| Price / MA100: | +0.40% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | -0.04% |
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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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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