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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 12/13/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 8.4153 HKD
My targets
8.4557 HKD (+0.0264)
8.4775 HKD (+0.0482)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/HKD as long as the price remains well above 8.4153 HKD. The buyers' bullish objective is set at 8.4557 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.4775 HKD. If there is any crossing, the next objective would be the resistance located at 8.4897 HKD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
5

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 rating is 8.4293 HKD. The price is lower by -0.04% since the last closing and was traded between 8.4173 HKD and 8.4457 HKD over the period. The price is currently at +0.14% from its lowest and -0.19% from its highest.

8.4173
8.4457
8.4293

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by EUR/HKD:
The Central Records scanner for higher/lower results shows the following items:

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 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. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 8.4013 8.4153 8.4274 8.4293 8.4557 8.4775 8.4897
Change (%) -0.33% -0.17% -0.02% - +0.31% +0.57% +0.72%
Change -0.0280 -0.0140 -0.0019 - +0.0264 +0.0482 +0.0604
Level Intermediate Minor Minor - Major Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.34428.37128.40188.42888.45948.48648.5170
Camarilla8.41678.42198.42728.43258.43788.44318.4483
Woodie8.34618.37218.40378.42978.46138.48738.5189
Fibonacci8.37128.39328.40688.42888.45088.46448.4864


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.21388.29558.35068.43238.48748.56918.6242
Camarilla8.36818.38068.39328.40578.41828.43088.4433
Woodie8.20058.28898.33738.42578.47418.56258.6109
Fibonacci8.29558.34788.38008.43238.48468.51688.5691


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.93428.08118.29408.44098.65388.80079.0136
Camarilla8.40808.44098.47398.50698.53998.57298.6059
Woodie7.96728.09768.32708.45748.68688.81729.0466
Fibonacci8.08118.21858.30358.44098.57838.66338.8007

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): 53.70
MACD (12,26,9): 0.0029
Directional Movement: 13.8328
AROON (14): 28.5714
DEMA (21): 8.4319
Parabolic SAR (0,02-0,02-0,2): 8.4133
Elder Ray (13): 0.0030
Super Trend (3,10): 8.4086
Zig ZAG (10): 8.4324
VORTEX (21): 1.0281
Stochastique (14,3,5): 51.64
TEMA (21): 8.4318
Williams %R (14): -43.66
Chande Momentum Oscillator (20): 0.0090
Repulse (5,40,3): 0.0686
ROCnROLL: 1
TRIX (15,9): 0.0051
Courbe Coppock: 0.08
MA7: 8.4216
MA20: 8.4819
MA50: 8.3794
MA100: 8.4111
MAexp7: 8.4310
MAexp20: 8.4275
MAexp50: 8.4221
MAexp100: 8.4237
Price / MA7: +0.09%
Price / MA20: -0.62%
Price / MA50: +0.60%
Price / MA100: +0.22%
Price / MAexp7: -0.02%
Price / MAexp20: +0.02%
Price / MAexp50: +0.09%
Price / MAexp100: +0.07%

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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Londinia AI

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