EUR/HKD - 1H - Technical analysis published on 05/19/2024 (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:
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
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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.
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:
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:
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:
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4284 | 8.4414 | 8.4606 | 8.4736 | 8.4928 | 8.5058 | 8.5250 |
| Camarilla | 8.4710 | 8.4739 | 8.4769 | 8.4798 | 8.4828 | 8.4857 | 8.4887 |
| Woodie | 8.4315 | 8.4430 | 8.4637 | 8.4752 | 8.4959 | 8.5074 | 8.5281 |
| Fibonacci | 8.4414 | 8.4537 | 8.4613 | 8.4736 | 8.4859 | 8.4935 | 8.5058 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3321 | 8.3716 | 8.4257 | 8.4652 | 8.5193 | 8.5588 | 8.6129 |
| Camarilla | 8.4541 | 8.4626 | 8.4712 | 8.4798 | 8.4884 | 8.4970 | 8.5055 |
| Woodie | 8.3394 | 8.3753 | 8.4330 | 8.4689 | 8.5266 | 8.5625 | 8.6202 |
| Fibonacci | 8.3716 | 8.4074 | 8.4294 | 8.4652 | 8.5010 | 8.5230 | 8.5588 |
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 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.
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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