EUR/HKD - 1H - Technical analysis published on 11/15/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 8.0194 HKD
My targets
8.1475 HKD (+0.0618)
8.2350 HKD (+0.1493)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 8.0194 HKD remains possible. It is advisable to trade EUR/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 8.0194 HKD. The next bullish objective for buyers is set at 8.1475 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.2350 HKD. If there is any crossing, the next objective would be the resistance located at 8.2701 HKD. PS: if there is a bearish break in the support located at 8.0194 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3
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Additional analysis
Quotes
EUR/HKD rating 8.0857 HKD. On the day, this instrument lost -0.01% and was between 8.0818 HKD and 8.0912 HKD. This implies that the price is at +0.05% from its lowest and at -0.07% from its highest.8.0818
8.0912
8.0857
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/HKD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/HKD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
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 | 7.8297 | 7.9500 | 8.0194 | 8.0857 | 8.1475 | 8.2701 | 8.4548 |
| Change (%) | -3.17% | -1.68% | -0.82% | - | +0.76% | +2.28% | +4.56% |
| Change | -0.2560 | -0.1357 | -0.0663 | - | +0.0618 | +0.1844 | +0.3691 |
| Level | Intermediate | Major | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9844 | 8.0171 | 8.0518 | 8.0845 | 8.1192 | 8.1519 | 8.1866 |
| Camarilla | 8.0679 | 8.0740 | 8.0802 | 8.0864 | 8.0926 | 8.0988 | 8.1049 |
| Woodie | 7.9853 | 8.0176 | 8.0527 | 8.0850 | 8.1201 | 8.1524 | 8.1875 |
| Fibonacci | 8.0171 | 8.0429 | 8.0588 | 8.0845 | 8.1103 | 8.1262 | 8.1519 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.5288 | 7.6497 | 7.8819 | 8.0028 | 8.2350 | 8.3559 | 8.5881 |
| Camarilla | 8.0169 | 8.0493 | 8.0816 | 8.1140 | 8.1464 | 8.1787 | 8.2111 |
| Woodie | 7.5844 | 7.6775 | 7.9375 | 8.0306 | 8.2906 | 8.3837 | 8.6437 |
| Fibonacci | 7.6497 | 7.7846 | 7.8680 | 8.0028 | 8.1377 | 8.2211 | 8.3559 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.2095 | 7.3849 | 7.5725 | 7.7479 | 7.9355 | 8.1109 | 8.2985 |
| Camarilla | 7.6604 | 7.6937 | 7.7269 | 7.7602 | 7.7935 | 7.8268 | 7.8600 |
| Woodie | 7.2157 | 7.3880 | 7.5787 | 7.7510 | 7.9417 | 8.1140 | 8.3047 |
| Fibonacci | 7.3849 | 7.5235 | 7.6092 | 7.7479 | 7.8865 | 7.9722 | 8.1109 |
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): | 50.52 | |
| MACD (12,26,9): | 0.0054 | |
| Directional Movement: | 1.2673 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 8.0999 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.0715 | |
| Elder Ray (13): | -0.0038 | |
| Super Trend (3,10): | 8.0557 | |
| Zig ZAG (10): | 8.0874 | |
| VORTEX (21): | 0.9901 | |
| Stochastique (14,3,5): | 55.59 | |
| TEMA (21): | 8.0887 | |
| Williams %R (14): | -45.55 | |
| Chande Momentum Oscillator (20): | -0.0098 | |
| Repulse (5,40,3): | -0.1755 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0127 | |
| Courbe Coppock: | 0.22 |
| MA7: | 7.9888 | |
| MA20: | 7.8419 | |
| MA50: | 7.7775 | |
| MA100: | 7.8699 | |
| MAexp7: | 8.0910 | |
| MAexp20: | 8.0907 | |
| MAexp50: | 8.0612 | |
| MAexp100: | 8.0035 | |
| Price / MA7: | +1.21% | |
| Price / MA20: | +3.11% | |
| Price / MA50: | +3.96% | |
| Price / MA100: | +2.74% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +1.03% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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