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EUR/HKD
EUR HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURHKD
ISIN:

EUR/HKD - 1H - Technical analysis published on 05/10/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 8.3961 HKD
My targets
8.4364 HKD (+0.0113)
8.4504 HKD (+0.0253)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/HKD as long as the price remains well above 8.3961 HKD. The buyers' bullish objective is set at 8.4364 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.4504 HKD. If there is any crossing, the next objective would be the resistance located at 8.5064 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, 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
6.6

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.

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

Additional analysis

Quotes

The EUR/HKD price is 8.4251 HKD. The price has increased by +0.00% since the last closing with the lowest point at 8.4158 HKD and the highest point at 8.4276 HKD. The deviation from the price is +0.11% for the low point and -0.03% for the high point.

8.4158
8.4276
8.4251

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

Central Records

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


Technical analysis of EUR/HKD in 1H shows a strongly overall 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, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


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


S3S2S1PriceR1R2R3
ProTrendLines 8.3443 8.3731 8.3961 8.4251 8.4268 8.4364 8.4504
Change (%) -0.96% -0.62% -0.34% - +0.02% +0.13% +0.30%
Change -0.0808 -0.0520 -0.0290 - +0.0017 +0.0113 +0.0253
Level Minor Major Major - Minor Intermediate 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
Standard8.34818.36498.39518.41198.44218.45898.4891
Camarilla8.41238.41668.42098.42528.42958.43388.4381
Woodie8.35478.36838.40178.41538.44878.46238.4957
Fibonacci8.36498.38298.39408.41198.42998.44108.4589


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.21908.27398.34058.39548.46208.51698.5835
Camarilla8.37368.38478.39598.40708.41818.42938.4404
Woodie8.22488.27688.34638.39838.46788.51988.5893
Fibonacci8.27398.32048.34908.39548.44198.47058.5169


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.02908.16378.25408.38878.47908.61378.7040
Camarilla8.28258.30328.32388.34448.36508.38578.4063
Woodie8.00698.15268.23198.37768.45698.60268.6819
Fibonacci8.16378.24968.30278.38878.47468.52778.6137

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): 61.95
MACD (12,26,9): 0.0043
Directional Movement: 13.9264
AROON (14): -57.1428
DEMA (21): 8.4240
Parabolic SAR (0,02-0,02-0,2): 8.4266
Elder Ray (13): 0.0022
Super Trend (3,10): 8.4076
Zig ZAG (10): 8.4262
VORTEX (21): 1.2348
Stochastique (14,3,5): 38.23
TEMA (21): 8.4254
Williams %R (14): -43.08
Chande Momentum Oscillator (20): -0.0013
Repulse (5,40,3): 0.0248
ROCnROLL: 1
TRIX (15,9): 0.0094
Courbe Coppock: 0.11
MA7: 8.4093
MA20: 8.3763
MA50: 8.4422
MA100: 8.4711
MAexp7: 8.4212
MAexp20: 8.4180
MAexp50: 8.4123
MAexp100: 8.4081
Price / MA7: +0.19%
Price / MA20: +0.58%
Price / MA50: -0.20%
Price / MA100: -0.54%
Price / MAexp7: +0.05%
Price / MAexp20: +0.08%
Price / MAexp50: +0.15%
Price / MAexp100: +0.20%

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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Londinia
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