CHF/HKD - 1H - Technical analysis published on 07/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
11%
67%
22%
My opinion
Bearish under 8.7171 HKD
My targets
8.6726 HKD (-0.0257)
8.6318 HKD (-0.0665)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CHF/HKD as long as the price remains well below 8.7171 HKD. The next bearish objective for sellers is set at 8.6726 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.6318 HKD. In case of crossing, the next objective would be the support located at 8.5997 HKD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 8.6726 HKD. With this support, against the trend traders who want to buy CHF/HKD on a buy signal from their trading strategy should not hesitate to act.
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
2.1
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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 8.6983 HKD. The price registered a decrease of -0.01% on the session and was between 8.6977 HKD and 8.7018 HKD. This implies that the price is at +0.01% from its lowest and at -0.04% from its highest.8.6977
8.7018
8.6983
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 this 1H chart of CHF/HKD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.6318 | 8.6726 | 8.6926 | 8.6983 | 8.7015 | 8.7171 | 8.7331 |
| Change (%) | -0.76% | -0.30% | -0.07% | - | +0.04% | +0.22% | +0.40% |
| Change | -0.0665 | -0.0257 | -0.0057 | - | +0.0032 | +0.0188 | +0.0348 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | 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 | 8.6477 | 8.6727 | 8.6857 | 8.7107 | 8.7237 | 8.7487 | 8.7617 |
| Camarilla | 8.6884 | 8.6918 | 8.6953 | 8.6988 | 8.7023 | 8.7058 | 8.7093 |
| Woodie | 8.6418 | 8.6697 | 8.6798 | 8.7077 | 8.7178 | 8.7457 | 8.7558 |
| Fibonacci | 8.6727 | 8.6872 | 8.6962 | 8.7107 | 8.7252 | 8.7342 | 8.7487 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5661 | 8.5990 | 8.6605 | 8.6934 | 8.7549 | 8.7878 | 8.8493 |
| Camarilla | 8.6961 | 8.7048 | 8.7135 | 8.7221 | 8.7308 | 8.7394 | 8.7481 |
| Woodie | 8.5805 | 8.6062 | 8.6749 | 8.7006 | 8.7693 | 8.7950 | 8.8637 |
| Fibonacci | 8.5990 | 8.6350 | 8.6573 | 8.6934 | 8.7294 | 8.7517 | 8.7878 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4182 | 8.5362 | 8.6095 | 8.7275 | 8.8008 | 8.9188 | 8.9921 |
| Camarilla | 8.6303 | 8.6478 | 8.6654 | 8.6829 | 8.7004 | 8.7180 | 8.7355 |
| Woodie | 8.3960 | 8.5250 | 8.5873 | 8.7163 | 8.7786 | 8.9076 | 8.9699 |
| Fibonacci | 8.5362 | 8.6092 | 8.6544 | 8.7275 | 8.8005 | 8.8457 | 8.9188 |
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): | 35.47 | |
| MACD (12,26,9): | -0.0035 | |
| Directional Movement: | -8.1424 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 8.7048 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.7065 | |
| Elder Ray (13): | -0.0056 | |
| Super Trend (3,10): | 8.7181 | |
| Zig ZAG (10): | 8.6992 | |
| VORTEX (21): | 0.8046 | |
| Stochastique (14,3,5): | 5.70 | |
| TEMA (21): | 8.6975 | |
| Williams %R (14): | -89.41 | |
| Chande Momentum Oscillator (20): | -0.0153 | |
| Repulse (5,40,3): | -0.0256 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0024 | |
| Courbe Coppock: | 0.47 |
| MA7: | 8.6797 | |
| MA20: | 8.7237 | |
| MA50: | 8.6658 | |
| MA100: | 8.6975 | |
| MAexp7: | 8.7020 | |
| MAexp20: | 8.7077 | |
| MAexp50: | 8.7042 | |
| MAexp100: | 8.6947 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -0.29% | |
| Price / MA50: | +0.38% | |
| Price / MA100: | +0.01% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +0.04% |
Quotes :
-
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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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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