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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 03/13/2024 (GMT)

  • 103
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Summary of the analysis

Trends
Short term: Neutral
Underlying: Slightly bullish
Technical indicators
56%
0%
44%
My opinion
Neutral between 8.5297 HKD and 8.5613 HKD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 8.5613 HKD. The first support is located at 8.5297 HKD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 price is 8.5487 HKD. On the day, this instrument lost -0.01% and was traded between 8.5438 HKD and 8.5532 HKD over the period. The price is currently at +0.06% from its lowest and -0.05% from its highest.

8.5438
8.5532
8.5487

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of EUR/HKD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

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 8.4899 8.5003 8.5297 8.5487 8.5490 8.5613 8.5768
Change (%) -0.69% -0.57% -0.22% - +0.00% +0.15% +0.33%
Change -0.0588 -0.0484 -0.0190 - +0.0003 +0.0126 +0.0281
Level Major Minor Minor - Minor Major 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
Standard8.50068.51538.53228.54698.56388.57858.5954
Camarilla8.54058.54348.54638.54928.55218.55508.5579
Woodie8.50188.51598.53348.54758.56508.57918.5966
Fibonacci8.51538.52738.53488.54698.55898.56648.5785


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.38958.43538.49538.54118.60118.64698.7069
Camarilla8.52638.53608.54578.55548.56518.57488.5845
Woodie8.39678.43898.50258.54478.60838.65058.7141
Fibonacci8.43538.47578.50078.54118.58158.60658.6469


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.21298.28718.37328.44748.53358.60778.6938
Camarilla8.41538.43008.44478.45948.47418.48888.5035
Woodie8.21908.29018.37938.45048.53968.61078.6999
Fibonacci8.28718.34838.38618.44748.50868.54648.6077

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): 54.87
MACD (12,26,9): 0.0004
Directional Movement: -8.1857
AROON (14): 100.0000
DEMA (21): 8.5488
Parabolic SAR (0,02-0,02-0,2): 8.5394
Elder Ray (13): 0.0016
Super Trend (3,10): 8.5632
Zig ZAG (10): 8.5508
VORTEX (21): 0.9694
Stochastique (14,3,5): 73.82
TEMA (21): 8.5498
Williams %R (14): -19.63
Chande Momentum Oscillator (20): 0.0024
Repulse (5,40,3): 0.0357
ROCnROLL: 1
TRIX (15,9): -0.0003
Courbe Coppock: 0.11
MA7: 8.5417
MA20: 8.4909
MA50: 8.4888
MA100: 8.4744
MAexp7: 8.5495
MAexp20: 8.5488
MAexp50: 8.5486
MAexp100: 8.5429
Price / MA7: +0.08%
Price / MA20: +0.68%
Price / MA50: +0.71%
Price / MA100: +0.88%
Price / MAexp7: -0.01%
Price / MAexp20: +0.00%
Price / MAexp50: +0.00%
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

Londinia
Londinia AI

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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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