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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 07/25/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 8.8514 HKD
My targets
8.9345 HKD (+0.0464)
8.9912 HKD (+0.1031)
My analysis
The bullish trend is currently very strong on CHF/HKD. As long as the price remains above the support at 8.8514 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.9345 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.9912 HKD as an objective. Crossing it would then enable buyers to target 9.0780 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

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.

chookich
This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/HKD rating is 8.8881 HKD. The price registered an increase of +0.75% on the session with the lowest point at 8.8195 HKD and the highest point at 8.8920 HKD. The deviation from the price is +0.78% for the low point and -0.04% for the high point.

8.8195
8.8920
8.8881

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CHF/HKD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

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 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.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.8243 8.8369 8.8514 8.8881 8.9912 9.0780 9.2840
Change (%) -0.72% -0.58% -0.41% - +1.16% +2.14% +4.45%
Change -0.0638 -0.0512 -0.0367 - +0.1031 +0.1899 +0.3959
Level Major Minor Major - Minor Major Major



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
Standard8.67678.71478.76838.80638.85998.89798.9515
Camarilla8.79668.80508.81348.82188.83028.83868.8470
Woodie8.68448.71868.77608.81028.86768.90188.9592
Fibonacci8.71478.74978.77138.80638.84138.86298.8979


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.54458.61918.70228.77688.85998.93459.0176
Camarilla8.74198.75648.77088.78538.79988.81428.8287
Woodie8.54888.62128.70658.77898.86428.93669.0219
Fibonacci8.61918.67938.71668.77688.83708.87438.9345


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.41828.53628.60958.72758.80088.91888.9921
Camarilla8.63038.64788.66548.68298.70048.71808.7355
Woodie8.39608.52508.58738.71638.77868.90768.9699
Fibonacci8.53628.60928.65448.72758.80058.84578.9188

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): 82.10
MACD (12,26,9): 0.0220
Directional Movement: 34.4642
AROON (14): 78.5714
DEMA (21): 8.8760
Parabolic SAR (0,02-0,02-0,2): 8.8412
Elder Ray (13): 0.0258
Super Trend (3,10): 8.8492
Zig ZAG (10): 8.8834
VORTEX (21): 1.2186
Stochastique (14,3,5): 89.58
TEMA (21): 8.8848
Williams %R (14): -8.97
Chande Momentum Oscillator (20): 0.0567
Repulse (5,40,3): 0.1172
ROCnROLL: 1
TRIX (15,9): 0.0301
Courbe Coppock: 1.09
MA7: 8.8104
MA20: 8.7354
MA50: 8.7043
MA100: 8.6846
MAexp7: 8.8728
MAexp20: 8.8490
MAexp50: 8.8201
MAexp100: 8.8022
Price / MA7: +0.88%
Price / MA20: +1.75%
Price / MA50: +2.11%
Price / MA100: +2.34%
Price / MAexp7: +0.17%
Price / MAexp20: +0.44%
Price / MAexp50: +0.77%
Price / MAexp100: +0.98%

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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