CHF/HKD - 1H - Technical analysis published on 09/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 9.2229 HKD
My targets
9.2536 HKD (+0.0139)
9.2840 HKD (+0.0443)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/HKD as long as the price remains well above 9.2229 HKD. The buyers' bullish objective is set at 9.2536 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.2840 HKD. If there is any crossing, the next objective would be the resistance located at 10.7929 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.5
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHF/HKD rating 9.2397 HKD. On the day, this instrument lost -0.01% with the lowest point at 9.2292 HKD and the highest point at 9.2503 HKD. The deviation from the price is +0.11% for the low point and -0.11% for the high point.9.2292
9.2503
9.2397
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CHF/HKD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
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 a result that can have an impact on the price change:
Near support of channel
Type : Bullish
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 | 9.1613 | 9.2024 | 9.2229 | 9.2397 | 9.2536 | 9.2840 | 10.7929 |
| Change (%) | -0.85% | -0.40% | -0.18% | - | +0.15% | +0.48% | +16.81% |
| Change | -0.0784 | -0.0373 | -0.0168 | - | +0.0139 | +0.0443 | +1.5532 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | 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 | 9.0926 | 9.1270 | 9.1836 | 9.2180 | 9.2746 | 9.3090 | 9.3656 |
| Camarilla | 9.2153 | 9.2236 | 9.2320 | 9.2403 | 9.2486 | 9.2570 | 9.2653 |
| Woodie | 9.1038 | 9.1326 | 9.1948 | 9.2236 | 9.2858 | 9.3146 | 9.3768 |
| Fibonacci | 9.1270 | 9.1617 | 9.1832 | 9.2180 | 9.2527 | 9.2742 | 9.3090 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0549 | 9.0974 | 9.1689 | 9.2114 | 9.2829 | 9.3254 | 9.3969 |
| Camarilla | 9.2090 | 9.2194 | 9.2299 | 9.2403 | 9.2508 | 9.2612 | 9.2717 |
| Woodie | 9.0693 | 9.1047 | 9.1833 | 9.2187 | 9.2973 | 9.3327 | 9.4113 |
| Fibonacci | 9.0974 | 9.1410 | 9.1679 | 9.2114 | 9.2550 | 9.2819 | 9.3254 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5623 | 8.7288 | 8.9497 | 9.1162 | 9.3371 | 9.5036 | 9.7245 |
| Camarilla | 9.0641 | 9.0996 | 9.1351 | 9.1706 | 9.2061 | 9.2416 | 9.2771 |
| Woodie | 8.5895 | 8.7424 | 8.9769 | 9.1298 | 9.3643 | 9.5172 | 9.7517 |
| Fibonacci | 8.7288 | 8.8768 | 8.9682 | 9.1162 | 9.2642 | 9.3556 | 9.5036 |
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): | 63.49 | |
| MACD (12,26,9): | 0.0149 | |
| Directional Movement: | 9.1962 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 9.2470 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.2263 | |
| Elder Ray (13): | 0.0085 | |
| Super Trend (3,10): | 9.2022 | |
| Zig ZAG (10): | 9.2423 | |
| VORTEX (21): | 1.1546 | |
| Stochastique (14,3,5): | 85.40 | |
| TEMA (21): | 9.2529 | |
| Williams %R (14): | -19.80 | |
| Chande Momentum Oscillator (20): | 0.0019 | |
| Repulse (5,40,3): | -0.0134 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0234 | |
| Courbe Coppock: | 0.83 |
| MA7: | 9.2039 | |
| MA20: | 9.2011 | |
| MA50: | 9.1025 | |
| MA100: | 8.8977 | |
| MAexp7: | 9.2419 | |
| MAexp20: | 9.2274 | |
| MAexp50: | 9.2080 | |
| MAexp100: | 9.1992 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +1.51% | |
| Price / MA100: | +3.84% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.44% |
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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