EUR/HKD - 1H - Technical analysis published on 01/09/2023 (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:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 8.3139 HKD
My targets
8.3406 HKD (+0.0157)
8.3561 HKD (+0.0312)
My analysis
EUR/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.3139 HKD. The next resistance located at 8.3406 HKD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.3561 HKD. After this resistance, buyers could then target 8.4548 HKD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/HKD rating 8.3249 HKD. The price has increased by +0.00% since the last closing and was between 8.3161 HKD and 8.3289 HKD. This implies that the price is at +0.11% from its lowest and at -0.05% from its highest.8.3161
8.3289
8.3249
Here is a more detailed summary of the historical variations registered by EUR/HKD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this EUR/HKD chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.2188 | 8.2701 | 8.3139 | 8.3249 | 8.3406 | 8.3561 | 8.4548 |
| Change (%) | -1.27% | -0.66% | -0.13% | - | +0.19% | +0.37% | +1.56% |
| Change | -0.1061 | -0.0548 | -0.0110 | - | +0.0157 | +0.0312 | +0.1299 |
| Level | Intermediate | Major | Major | - | Minor | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2909 | 8.2977 | 8.3114 | 8.3182 | 8.3319 | 8.3387 | 8.3524 |
| Camarilla | 8.3194 | 8.3212 | 8.3231 | 8.3250 | 8.3269 | 8.3288 | 8.3306 |
| Woodie | 8.2943 | 8.2994 | 8.3148 | 8.3199 | 8.3353 | 8.3404 | 8.3558 |
| Fibonacci | 8.2977 | 8.3056 | 8.3104 | 8.3182 | 8.3261 | 8.3309 | 8.3387 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0431 | 8.1156 | 8.2128 | 8.2853 | 8.3825 | 8.4550 | 8.5522 |
| Camarilla | 8.2632 | 8.2788 | 8.2943 | 8.3099 | 8.3255 | 8.3410 | 8.3566 |
| Woodie | 8.0554 | 8.1218 | 8.2251 | 8.2915 | 8.3948 | 8.4612 | 8.5645 |
| Fibonacci | 8.1156 | 8.1805 | 8.2205 | 8.2853 | 8.3502 | 8.3902 | 8.4550 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9105 | 8.0019 | 8.1788 | 8.2702 | 8.4471 | 8.5385 | 8.7154 |
| Camarilla | 8.2820 | 8.3066 | 8.3312 | 8.3558 | 8.3804 | 8.4050 | 8.4296 |
| Woodie | 7.9534 | 8.0233 | 8.2217 | 8.2916 | 8.4900 | 8.5599 | 8.7583 |
| Fibonacci | 8.0019 | 8.1044 | 8.1677 | 8.2702 | 8.3727 | 8.4360 | 8.5385 |
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): | 67.78 | |
| MACD (12,26,9): | 0.0229 | |
| Directional Movement: | 27.2956 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 8.3044 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.2715 | |
| Elder Ray (13): | 0.0303 | |
| Super Trend (3,10): | 8.2782 | |
| Zig ZAG (10): | 8.3176 | |
| VORTEX (21): | 1.2633 | |
| Stochastique (14,3,5): | 96.36 | |
| TEMA (21): | 8.3275 | |
| Williams %R (14): | -6.54 | |
| Chande Momentum Oscillator (20): | 0.0850 | |
| Repulse (5,40,3): | 0.0967 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0262 | |
| Courbe Coppock: | 2.51 |
| MA7: | 8.2911 | |
| MA20: | 8.2878 | |
| MA50: | 8.1536 | |
| MA100: | 7.9573 | |
| MAexp7: | 8.3091 | |
| MAexp20: | 8.2793 | |
| MAexp50: | 8.2652 | |
| MAexp100: | 8.2713 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.45% | |
| Price / MA50: | +2.10% | |
| Price / MA100: | +4.62% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.55% | |
| Price / MAexp50: | +0.72% | |
| Price / MAexp100: | +0.65% |
Quotes :
-
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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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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