EUR/HKD - 1H - Technical analysis published on 05/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
28%
22%
50%
My opinion
Neutral between 8.4026 HKD and 8.4306 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 8.4306 HKD. The first support is located at 8.4026 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.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/HKD rating 8.4168 HKD. The price registered an increase of +0.00% on the session with the lowest point at 8.4152 HKD and the highest point at 8.4186 HKD. The deviation from the price is +0.02% for the low point and -0.02% for the high point.8.4152
8.4186
8.4168
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
A study of price movements over other periods shows the following variations:
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 an overall slightly bullish trend. 60.71% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
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 | 8.3452 | 8.3649 | 8.4026 | 8.4168 | 8.4306 | 8.4594 | 8.5064 |
| Change (%) | -0.85% | -0.62% | -0.17% | - | +0.16% | +0.51% | +1.06% |
| Change | -0.0716 | -0.0519 | -0.0142 | - | +0.0138 | +0.0426 | +0.0896 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4052 | 8.4090 | 8.4130 | 8.4168 | 8.4208 | 8.4246 | 8.4286 |
| Camarilla | 8.4149 | 8.4156 | 8.4163 | 8.4170 | 8.4177 | 8.4184 | 8.4192 |
| Woodie | 8.4053 | 8.4091 | 8.4131 | 8.4169 | 8.4209 | 8.4247 | 8.4287 |
| Fibonacci | 8.4090 | 8.4120 | 8.4138 | 8.4168 | 8.4198 | 8.4216 | 8.4246 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3323 | 8.3571 | 8.3869 | 8.4117 | 8.4415 | 8.4663 | 8.4961 |
| Camarilla | 8.4018 | 8.4068 | 8.4118 | 8.4168 | 8.4218 | 8.4268 | 8.4318 |
| Woodie | 8.3349 | 8.3584 | 8.3895 | 8.4130 | 8.4441 | 8.4676 | 8.4987 |
| Fibonacci | 8.3571 | 8.3779 | 8.3908 | 8.4117 | 8.4325 | 8.4454 | 8.4663 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.72 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 0.7974 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 8.4187 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.4264 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 8.4081 | |
| Zig ZAG (10): | 8.4168 | |
| VORTEX (21): | 0.9771 | |
| Stochastique (14,3,5): | 44.99 | |
| TEMA (21): | 8.4166 | |
| Williams %R (14): | -57.61 | |
| Chande Momentum Oscillator (20): | -0.0114 | |
| Repulse (5,40,3): | -0.0113 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0013 | |
| Courbe Coppock: | 0.09 |
| MA7: | 8.4144 | |
| MA20: | 8.3859 | |
| MA50: | 8.4390 | |
| MA100: | 8.4673 | |
| MAexp7: | 8.4173 | |
| MAexp20: | 8.4181 | |
| MAexp50: | 8.4155 | |
| MAexp100: | 8.4112 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.37% | |
| Price / MA50: | -0.26% | |
| Price / MA100: | -0.60% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.07% |
Quotes :
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Real time data
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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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