EUR/HKD
EUR HKD
- HKD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURHKD
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EUR/HKD - 1H - Technical analysis published on 05/19/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 8.4594 HKD
My targets
8.5064 HKD (+0.0269)
8.5704 HKD (+0.0909)
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 8.4594 HKD. The buyers' bullish objective is set at 8.5064 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.5704 HKD. If there is any crossing, the next objective would be the resistance located at 8.6813 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1

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:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/HKD rating is 8.4795 HKD. The price registered an increase of +0.00% on the session and was traded between 8.4768 HKD and 8.4809 HKD over the period. The price is currently at +0.03% from its lowest and -0.02% from its highest.

8.4768
8.4809
8.4795

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

Central Gaps

Bullish opening

Type : Bullish

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 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 this 1H chart of EUR/HKD indicates that the overall trend is bullish. 75.00% 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 several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

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 8.4015 8.4310 8.4594 8.4795 8.4866 8.5064 8.5704
Change (%) -0.92% -0.57% -0.24% - +0.08% +0.32% +1.07%
Change -0.0780 -0.0485 -0.0201 - +0.0071 +0.0269 +0.0909
Level Major Minor Intermediate - Minor Intermediate Intermediate



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
Standard8.42848.44148.46068.47368.49288.50588.5250
Camarilla8.47108.47398.47698.47988.48288.48578.4887
Woodie8.43158.44308.46378.47528.49598.50748.5281
Fibonacci8.44148.45378.46138.47368.48598.49358.5058


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.33218.37168.42578.46528.51938.55888.6129
Camarilla8.45418.46268.47128.47988.48848.49708.5055
Woodie8.33948.37538.43308.46898.52668.56258.6202
Fibonacci8.37168.40748.42948.46528.50108.52308.5588


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.02908.16378.25408.38878.47908.61378.7040
Camarilla8.28258.30328.32388.34448.36508.38578.4063
Woodie8.00698.15268.23198.37768.45698.60268.6819
Fibonacci8.16378.24968.30278.38878.47468.52778.6137

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): 54.60
MACD (12,26,9): 0.0016
Directional Movement: 4.8771
AROON (14): 28.5714
DEMA (21): 8.4765
Parabolic SAR (0,02-0,02-0,2): 8.4608
Elder Ray (13): 0.0041
Super Trend (3,10): 8.4635
Zig ZAG (10): 8.4798
VORTEX (21): 1.0067
Stochastique (14,3,5): 88.51
TEMA (21): 8.4790
Williams %R (14): -21.12
Chande Momentum Oscillator (20): 0.0191
Repulse (5,40,3): -0.0269
ROCnROLL: 1
TRIX (15,9): -0.0023
Courbe Coppock: 0.25
MA7: 8.4543
MA20: 8.4094
MA50: 8.4361
MA100: 8.4630
MAexp7: 8.4797
MAexp20: 8.4757
MAexp50: 8.4738
MAexp100: 8.4644
Price / MA7: +0.30%
Price / MA20: +0.83%
Price / MA50: +0.51%
Price / MA100: +0.19%
Price / MAexp7: +0.00%
Price / MAexp20: +0.04%
Price / MAexp50: +0.07%
Price / MAexp100: +0.18%

Quotes : - Real time data - Forex

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

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