CHF/HKD - 1H - Technical analysis published on 12/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 8.7945 HKD
My targets
8.7569 HKD (-0.0221)
8.7263 HKD (-0.0527)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/HKD as long as the price remains well below 8.7945 HKD. The sellers' bearish objective is set at 8.7569 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.7263 HKD. In case of crossing, the next objective would be the support located at 8.7052 HKD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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 8.7790 HKD. On the day, this instrument lost -0.01% with the lowest point at 8.7662 HKD and the highest point at 8.7915 HKD. The deviation from the price is +0.15% for the low point and -0.14% for the high point.8.7662
8.7915
8.7790
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/HKD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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 | 8.7052 | 8.7263 | 8.7569 | 8.7790 | 8.7804 | 8.7945 | 8.8148 |
| Change (%) | -0.84% | -0.60% | -0.25% | - | +0.02% | +0.18% | +0.41% |
| Change | -0.0738 | -0.0527 | -0.0221 | - | +0.0014 | +0.0155 | +0.0358 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6947 | 8.7255 | 8.7529 | 8.7837 | 8.8111 | 8.8419 | 8.8693 |
| Camarilla | 8.7642 | 8.7695 | 8.7749 | 8.7802 | 8.7855 | 8.7909 | 8.7962 |
| Woodie | 8.6929 | 8.7247 | 8.7511 | 8.7829 | 8.8093 | 8.8411 | 8.8675 |
| Fibonacci | 8.7255 | 8.7478 | 8.7615 | 8.7837 | 8.8060 | 8.8197 | 8.8419 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6318 | 8.6790 | 8.7536 | 8.8008 | 8.8754 | 8.9226 | 8.9972 |
| Camarilla | 8.7946 | 8.8058 | 8.8169 | 8.8281 | 8.8393 | 8.8504 | 8.8616 |
| Woodie | 8.6454 | 8.6859 | 8.7672 | 8.8077 | 8.8890 | 8.9295 | 9.0108 |
| Fibonacci | 8.6790 | 8.7256 | 8.7543 | 8.8008 | 8.8474 | 8.8761 | 8.9226 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3388 | 8.5147 | 8.6714 | 8.8473 | 9.0040 | 9.1799 | 9.3366 |
| Camarilla | 8.7366 | 8.7671 | 8.7976 | 8.8281 | 8.8586 | 8.8891 | 8.9196 |
| Woodie | 8.3292 | 8.5099 | 8.6618 | 8.8425 | 8.9944 | 9.1751 | 9.3270 |
| Fibonacci | 8.5147 | 8.6418 | 8.7203 | 8.8473 | 8.9744 | 9.0529 | 9.1799 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.05 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -4.0959 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 8.7782 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.7910 | |
| Elder Ray (13): | -0.0046 | |
| Super Trend (3,10): | 8.7677 | |
| Zig ZAG (10): | 8.7774 | |
| VORTEX (21): | 0.9233 | |
| Stochastique (14,3,5): | 32.63 | |
| TEMA (21): | 8.7781 | |
| Williams %R (14): | -50.59 | |
| Chande Momentum Oscillator (20): | -0.0027 | |
| Repulse (5,40,3): | 0.0861 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0020 | |
| Courbe Coppock: | 0.21 |
| MA7: | 8.7984 | |
| MA20: | 8.7995 | |
| MA50: | 8.9395 | |
| MA100: | 9.0079 | |
| MAexp7: | 8.7782 | |
| MAexp20: | 8.7807 | |
| MAexp50: | 8.7855 | |
| MAexp100: | 8.7912 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -1.80% | |
| Price / MA100: | -2.54% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.14% |
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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