Post an Analysis Request an analysis AI Londinia analysis
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 01/15/2024 (GMT)

  • 94
  • 0
Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 8.5451 HKD
My targets
8.5885 HKD (+0.0175)
8.6006 HKD (+0.0296)
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 8.5451 HKD. The buyers' bullish objective is set at 8.5885 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.6006 HKD. If there is any crossing, the next objective would be the resistance located at 8.6757 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.4

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

EUR/HKD rating 8.5710 HKD. The price registered an increase of +0.14% on the session and was between 8.5551 HKD and 8.5735 HKD. This implies that the price is at +0.19% from its lowest and at -0.03% from its highest.

8.5551
8.5735
8.5710

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

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


A technical analysis in 1H of this EUR/HKD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.5318 8.5451 8.5665 8.5710 8.5771 8.5885 8.6006
Change (%) -0.46% -0.30% -0.05% - +0.07% +0.20% +0.35%
Change -0.0392 -0.0259 -0.0045 - +0.0061 +0.0175 +0.0296
Level Major Minor Intermediate - Intermediate Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.54698.55268.55608.56178.56518.57088.5742
Camarilla8.55688.55768.55858.55938.56018.56108.5618
Woodie8.54578.55208.55488.56118.56398.57028.5730
Fibonacci8.55268.55618.55838.56178.56528.56748.5708


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.45498.49128.52798.56428.60098.63728.6739
Camarilla8.54448.55118.55788.56458.57128.57798.5846
Woodie8.45508.49138.52808.56438.60108.63738.6740
Fibonacci8.49128.51918.53648.56428.59218.60948.6372


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.10198.23958.43018.56778.75838.89599.0865
Camarilla8.53048.56048.59058.62068.65078.68088.7109
Woodie8.12838.25288.45658.58108.78478.90929.1129
Fibonacci8.23958.36498.44248.56778.69318.77068.8959

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): 52.27
MACD (12,26,9): -0.0021
Directional Movement: -2.7449
AROON (14): 14.2857
DEMA (21): 8.5663
Parabolic SAR (0,02-0,02-0,2): 8.5832
Elder Ray (13): 0.0020
Super Trend (3,10): 8.5898
Zig ZAG (10): 8.5728
VORTEX (21): 0.9418
Stochastique (14,3,5): 35.86
TEMA (21): 8.5644
Williams %R (14): -53.72
Chande Momentum Oscillator (20): -0.0027
Repulse (5,40,3): 0.1485
ROCnROLL: 1
TRIX (15,9): -0.0043
Courbe Coppock: 0.11
MA7: 8.5651
MA20: 8.5758
MA50: 8.5083
MA100: 8.4180
MAexp7: 8.5672
MAexp20: 8.5688
MAexp50: 8.5699
MAexp100: 8.5674
Price / MA7: +0.07%
Price / MA20: -0.06%
Price / MA50: +0.74%
Price / MA100: +1.82%
Price / MAexp7: +0.04%
Price / MAexp20: +0.03%
Price / MAexp50: +0.01%
Price / MAexp100: +0.04%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

Online

Overall rating :
15134
Number of analyses :
76869
Followers :
0
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…

Add a comment

no pic

Comments

0 comments on the analysis EUR/HKD - 1H

NEW !