CHF/HKD
8.8312
HKD
(+0.13%)
03/28/2025 - 21:13
Closed Real time data - Forex
| Open: | 8.8189 |
| Change: | +0.0113 |
| Volume: | 19,519 |
| Low: | 8.8057 |
| High: | 8.8394 |
| High / Low range: | 0.0337 |
| Type: | Forex |
| Ticker: | CHFHKD |
| ISIN: |
CHF/HKD - 1H - Technical analysis published on 11/28/2024 (GMT)
- 110
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- 11/28/2024 - 19:55
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- Timeframe : 1H
- - Analysis generated on 11/28/2024 - 19:55
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 8.8000 HKD
My targets
8.8432 HKD (+0.0257)
8.8842 HKD (+0.0667)
My analysis
The basic bullish trend is very strong on CHF/HKD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 8.8000 HKD. Crossing the first resistance at 8.8432 HKD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 8.8842 HKD as an objective. Crossing it would then enable buyers to target 9.0106 HKD. Caution, a return to below 8.8000 HKD would be a sign of a consolidation phase in the short-term basic trend. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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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 price is 8.8175 HKD. On the day, this instrument lost -0.02% and was between 8.7951 HKD and 8.8202 HKD. This implies that the price is at +0.25% from its lowest and at -0.03% from its highest.8.7951
8.8202
8.8175
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 CHF/HKD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.7263 | 8.7577 | 8.8000 | 8.8175 | 8.8229 | 8.8432 | 8.8842 |
| Change (%) | -1.03% | -0.68% | -0.20% | - | +0.06% | +0.29% | +0.76% |
| Change | -0.0912 | -0.0598 | -0.0175 | - | +0.0054 | +0.0257 | +0.0667 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 8.7213 | 8.7508 | 8.7849 | 8.8144 | 8.8485 | 8.8780 | 8.9121 |
| Camarilla | 8.8015 | 8.8073 | 8.8132 | 8.8190 | 8.8248 | 8.8307 | 8.8365 |
| Woodie | 8.7236 | 8.7520 | 8.7872 | 8.8156 | 8.8508 | 8.8792 | 8.9144 |
| Fibonacci | 8.7508 | 8.7751 | 8.7901 | 8.8144 | 8.8387 | 8.8537 | 8.8780 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4984 | 8.5945 | 8.6503 | 8.7464 | 8.8022 | 8.8983 | 8.9541 |
| Camarilla | 8.6643 | 8.6783 | 8.6922 | 8.7061 | 8.7200 | 8.7340 | 8.7479 |
| Woodie | 8.4783 | 8.5844 | 8.6302 | 8.7363 | 8.7821 | 8.8882 | 8.9340 |
| Fibonacci | 8.5945 | 8.6525 | 8.6884 | 8.7464 | 8.8044 | 8.8403 | 8.8983 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5958 | 8.7643 | 8.8831 | 9.0516 | 9.1704 | 9.3389 | 9.4577 |
| Camarilla | 8.9229 | 8.9492 | 8.9756 | 9.0019 | 9.0282 | 9.0546 | 9.0809 |
| Woodie | 8.5710 | 8.7519 | 8.8583 | 9.0392 | 9.1456 | 9.3265 | 9.4329 |
| Fibonacci | 8.7643 | 8.8741 | 8.9419 | 9.0516 | 9.1614 | 9.2292 | 9.3389 |
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): | 57.24 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 5.7111 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 8.8142 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.8036 | |
| Elder Ray (13): | 0.0036 | |
| Super Trend (3,10): | 8.7914 | |
| Zig ZAG (10): | 8.8165 | |
| VORTEX (21): | 0.9773 | |
| Stochastique (14,3,5): | 85.99 | |
| TEMA (21): | 8.8119 | |
| Williams %R (14): | -13.06 | |
| Chande Momentum Oscillator (20): | 0.0125 | |
| Repulse (5,40,3): | 0.0591 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0013 | |
| Courbe Coppock: | 0.08 |
| MA7: | 8.7806 | |
| MA20: | 8.8326 | |
| MA50: | 8.9712 | |
| MA100: | 9.0065 | |
| MAexp7: | 8.8137 | |
| MAexp20: | 8.8116 | |
| MAexp50: | 8.8044 | |
| MAexp100: | 8.7939 | |
| Price / MA7: | +0.42% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | -1.71% | |
| Price / MA100: | -2.10% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.27% |
Quotes :
11/28/2024 - 19:55
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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