EUR/HKD - 1H - Technical analysis published on 04/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
44%
33%
22%
My opinion
Bearish under 8.3711 HKD
My targets
8.3272 HKD (-0.0170)
8.3072 HKD (-0.0370)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade EUR/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 8.3711 HKD. The next bearish objective for sellers is set at 8.3272 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.3072 HKD. In case of crossing, the next objective would be the support located at 8.2456 HKD. In the event of a bullish break in the resistance located at 8.3711 HKD a certain indecision would take hold.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.8
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Additional analysis
Quotes
The EUR/HKD rating is 8.3442 HKD. The price registered a decrease of -0.01% on the session and was traded between 8.3251 HKD and 8.3583 HKD over the period. The price is currently at +0.23% from its lowest and -0.17% from its highest.8.3251
8.3583
8.3442
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/HKD:
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
Technical analysis of EUR/HKD in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.3072 | 8.3272 | 8.3436 | 8.3442 | 8.3711 | 8.4024 | 8.4273 |
| Change (%) | -0.44% | -0.20% | -0.01% | - | +0.32% | +0.70% | +1.00% |
| Change | -0.0370 | -0.0170 | -0.0006 | - | +0.0269 | +0.0582 | +0.0831 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2579 | 8.2826 | 8.3139 | 8.3386 | 8.3699 | 8.3946 | 8.4259 |
| Camarilla | 8.3298 | 8.3349 | 8.3401 | 8.3452 | 8.3503 | 8.3555 | 8.3606 |
| Woodie | 8.2612 | 8.2843 | 8.3172 | 8.3403 | 8.3732 | 8.3963 | 8.4292 |
| Fibonacci | 8.2826 | 8.3040 | 8.3172 | 8.3386 | 8.3600 | 8.3732 | 8.3946 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2325 | 8.2654 | 8.3053 | 8.3382 | 8.3781 | 8.4110 | 8.4509 |
| Camarilla | 8.3252 | 8.3319 | 8.3385 | 8.3452 | 8.3519 | 8.3586 | 8.3652 |
| Woodie | 8.2360 | 8.2672 | 8.3088 | 8.3400 | 8.3816 | 8.4128 | 8.4544 |
| Fibonacci | 8.2654 | 8.2932 | 8.3104 | 8.3382 | 8.3660 | 8.3832 | 8.4110 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2223 | 8.3244 | 8.3825 | 8.4846 | 8.5427 | 8.6448 | 8.7029 |
| Camarilla | 8.3965 | 8.4111 | 8.4258 | 8.4405 | 8.4552 | 8.4699 | 8.4846 |
| Woodie | 8.2002 | 8.3134 | 8.3604 | 8.4736 | 8.5206 | 8.6338 | 8.6808 |
| Fibonacci | 8.3244 | 8.3856 | 8.4234 | 8.4846 | 8.5458 | 8.5836 | 8.6448 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.67 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -5.5972 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 8.3431 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.3513 | |
| Elder Ray (13): | 0.0012 | |
| Super Trend (3,10): | 8.3316 | |
| Zig ZAG (10): | 8.3426 | |
| VORTEX (21): | 0.9903 | |
| Stochastique (14,3,5): | 53.34 | |
| TEMA (21): | 8.3410 | |
| Williams %R (14): | -43.30 | |
| Chande Momentum Oscillator (20): | -0.0104 | |
| Repulse (5,40,3): | 0.0476 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0001 | |
| Courbe Coppock: | 0.22 |
| MA7: | 8.3362 | |
| MA20: | 8.4145 | |
| MA50: | 8.4579 | |
| MA100: | 8.4829 | |
| MAexp7: | 8.3419 | |
| MAexp20: | 8.3444 | |
| MAexp50: | 8.3443 | |
| MAexp100: | 8.3472 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -1.34% | |
| Price / MA100: | -1.64% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.00% | |
| 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
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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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