EUR/HKD - 1H - Technical analysis published on 11/29/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 8.0859 HKD
My targets
8.0481 HKD (-0.0338)
8.0166 HKD (-0.0653)
My analysis
EUR/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 8.0859 HKD. The next support located at 8.0481 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 8.0166 HKD. Below this support, sellers could then target 7.9756 HKD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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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 EUR/HKD rating is 8.0819 HKD. The price registered an increase of +0.00% on the session with the lowest point at 8.0644 HKD and the highest point at 8.1188 HKD. The deviation from the price is +0.22% for the low point and -0.45% for the high point.8.0644
8.1188
8.0819
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
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 this 1H chart of EUR/HKD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 8.0166 | 8.0481 | 8.0798 | 8.0819 | 8.1475 | 8.2019 | 8.2701 |
| Change (%) | -0.81% | -0.42% | -0.03% | - | +0.81% | +1.48% | +2.33% |
| Change | -0.0653 | -0.0338 | -0.0021 | - | +0.0656 | +0.1200 | +0.1882 |
| Level | Minor | Minor | Major | - | Major | Minor | Major |
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 | 7.9107 | 7.9929 | 8.0375 | 8.1197 | 8.1643 | 8.2465 | 8.2911 |
| Camarilla | 8.0472 | 8.0589 | 8.0705 | 8.0821 | 8.0937 | 8.1054 | 8.1170 |
| Woodie | 7.8919 | 7.9835 | 8.0187 | 8.1103 | 8.1455 | 8.2371 | 8.2723 |
| Fibonacci | 7.9929 | 8.0413 | 8.0713 | 8.1197 | 8.1681 | 8.1981 | 8.2465 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.8284 | 7.9020 | 8.0123 | 8.0859 | 8.1962 | 8.2698 | 8.3801 |
| Camarilla | 8.0720 | 8.0889 | 8.1057 | 8.1226 | 8.1395 | 8.1563 | 8.1732 |
| Woodie | 7.8468 | 7.9112 | 8.0307 | 8.0951 | 8.2146 | 8.2790 | 8.3985 |
| Fibonacci | 7.9020 | 7.9723 | 8.0157 | 8.0859 | 8.1562 | 8.1996 | 8.2698 |
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): | 41.61 | |
| MACD (12,26,9): | -0.0069 | |
| Directional Movement: | -11.2242 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 8.0913 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.1177 | |
| Elder Ray (13): | -0.0232 | |
| Super Trend (3,10): | 8.1297 | |
| Zig ZAG (10): | 8.0763 | |
| VORTEX (21): | 0.8945 | |
| Stochastique (14,3,5): | 32.55 | |
| TEMA (21): | 8.0883 | |
| Williams %R (14): | -78.13 | |
| Chande Momentum Oscillator (20): | -0.0091 | |
| Repulse (5,40,3): | -0.2147 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0107 | |
| Courbe Coppock: | 0.18 |
| MA7: | 8.0867 | |
| MA20: | 8.0019 | |
| MA50: | 7.8243 | |
| MA100: | 7.8738 | |
| MAexp7: | 8.0913 | |
| MAexp20: | 8.1003 | |
| MAexp50: | 8.1088 | |
| MAexp100: | 8.1078 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +1.00% | |
| Price / MA50: | +3.29% | |
| Price / MA100: | +2.64% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -0.32% |
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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