EUR/HKD - 1H - Technical analysis published on 05/10/2024 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 8.3961 HKD
My targets
8.4364 HKD (+0.0113)
8.4504 HKD (+0.0253)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/HKD as long as the price remains well above 8.3961 HKD. The buyers' bullish objective is set at 8.4364 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.4504 HKD. If there is any crossing, the next objective would be the resistance located at 8.5064 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
6.6
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Additional analysis
Quotes
The EUR/HKD price is 8.4251 HKD. The price has increased by +0.00% since the last closing with the lowest point at 8.4158 HKD and the highest point at 8.4276 HKD. The deviation from the price is +0.11% for the low point and -0.03% for the high point.8.4158
8.4276
8.4251
Here is a more detailed summary of the historical variations registered by EUR/HKD:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/HKD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.3443 | 8.3731 | 8.3961 | 8.4251 | 8.4268 | 8.4364 | 8.4504 |
| Change (%) | -0.96% | -0.62% | -0.34% | - | +0.02% | +0.13% | +0.30% |
| Change | -0.0808 | -0.0520 | -0.0290 | - | +0.0017 | +0.0113 | +0.0253 |
| Level | Minor | Major | Major | - | Minor | Intermediate | 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 | 8.3481 | 8.3649 | 8.3951 | 8.4119 | 8.4421 | 8.4589 | 8.4891 |
| Camarilla | 8.4123 | 8.4166 | 8.4209 | 8.4252 | 8.4295 | 8.4338 | 8.4381 |
| Woodie | 8.3547 | 8.3683 | 8.4017 | 8.4153 | 8.4487 | 8.4623 | 8.4957 |
| Fibonacci | 8.3649 | 8.3829 | 8.3940 | 8.4119 | 8.4299 | 8.4410 | 8.4589 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2190 | 8.2739 | 8.3405 | 8.3954 | 8.4620 | 8.5169 | 8.5835 |
| Camarilla | 8.3736 | 8.3847 | 8.3959 | 8.4070 | 8.4181 | 8.4293 | 8.4404 |
| Woodie | 8.2248 | 8.2768 | 8.3463 | 8.3983 | 8.4678 | 8.5198 | 8.5893 |
| Fibonacci | 8.2739 | 8.3204 | 8.3490 | 8.3954 | 8.4419 | 8.4705 | 8.5169 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0290 | 8.1637 | 8.2540 | 8.3887 | 8.4790 | 8.6137 | 8.7040 |
| Camarilla | 8.2825 | 8.3032 | 8.3238 | 8.3444 | 8.3650 | 8.3857 | 8.4063 |
| Woodie | 8.0069 | 8.1526 | 8.2319 | 8.3776 | 8.4569 | 8.6026 | 8.6819 |
| Fibonacci | 8.1637 | 8.2496 | 8.3027 | 8.3887 | 8.4746 | 8.5277 | 8.6137 |
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): | 61.95 | |
| MACD (12,26,9): | 0.0043 | |
| Directional Movement: | 13.9264 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 8.4240 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.4266 | |
| Elder Ray (13): | 0.0022 | |
| Super Trend (3,10): | 8.4076 | |
| Zig ZAG (10): | 8.4262 | |
| VORTEX (21): | 1.2348 | |
| Stochastique (14,3,5): | 38.23 | |
| TEMA (21): | 8.4254 | |
| Williams %R (14): | -43.08 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | 0.0248 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0094 | |
| Courbe Coppock: | 0.11 |
| MA7: | 8.4093 | |
| MA20: | 8.3763 | |
| MA50: | 8.4422 | |
| MA100: | 8.4711 | |
| MAexp7: | 8.4212 | |
| MAexp20: | 8.4180 | |
| MAexp50: | 8.4123 | |
| MAexp100: | 8.4081 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | +0.58% | |
| Price / MA50: | -0.20% | |
| Price / MA100: | -0.54% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.20% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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