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EUR/HKD
EUR HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURHKD
ISIN:

EUR/HKD - 1H - Technical analysis published on 07/15/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 8.4892 HKD
My targets
8.5293 HKD (+0.0122)
8.5678 HKD (+0.0507)
My analysis
The bullish trend is currently very strong on EUR/HKD. As long as the price remains above the support at 8.4892 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.5293 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.5678 HKD as an objective. Crossing it would then enable buyers to target 8.6813 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
8.6

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/HKD rating 8.5171 HKD. The price registered an increase of +0.00% on the session and was between 8.4946 HKD and 8.5230 HKD. This implies that the price is at +0.26% from its lowest and at -0.07% from its highest.

8.4946
8.5230
8.5171

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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 LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/HKD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.4711 8.4892 8.5102 8.5171 8.5293 8.5678 8.6813
Change (%) -0.54% -0.33% -0.08% - +0.14% +0.60% +1.93%
Change -0.0460 -0.0279 -0.0069 - +0.0122 +0.0507 +0.1642
Level Intermediate Minor Minor - Intermediate Minor Major



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
Standard8.44988.46408.49078.50498.53168.54588.5725
Camarilla8.50628.50998.51378.51748.52128.52498.5287
Woodie8.45618.46718.49708.50808.53798.54898.5788
Fibonacci8.46408.47968.48938.50498.52058.53028.5458


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.38488.41208.46478.49198.54468.57188.6245
Camarilla8.49548.50288.51018.51748.52478.53218.5394
Woodie8.39768.41848.47758.49838.55748.57828.6373
Fibonacci8.41208.44258.46148.49198.52248.54138.5718


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.07188.19878.28208.40898.49228.61918.7024
Camarilla8.30748.32678.34598.36528.38458.40378.4230
Woodie8.04998.18788.26018.39808.47038.60828.6805
Fibonacci8.19878.27908.32868.40898.48928.53888.6191

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): 63.63
MACD (12,26,9): 0.0045
Directional Movement: 14.3714
AROON (14): 78.5714
DEMA (21): 8.5137
Parabolic SAR (0,02-0,02-0,2): 8.4976
Elder Ray (13): 0.0079
Super Trend (3,10): 8.4970
Zig ZAG (10): 8.5179
VORTEX (21): 1.0939
Stochastique (14,3,5): 80.88
TEMA (21): 8.5129
Williams %R (14): -21.93
Chande Momentum Oscillator (20): 0.0179
Repulse (5,40,3): 0.0313
ROCnROLL: 1
TRIX (15,9): 0.0066
Courbe Coppock: 0.11
MA7: 8.4804
MA20: 8.4151
MA50: 8.4357
MA100: 8.4415
MAexp7: 8.5124
MAexp20: 8.5075
MAexp50: 8.4971
MAexp100: 8.4825
Price / MA7: +0.43%
Price / MA20: +1.21%
Price / MA50: +0.96%
Price / MA100: +0.90%
Price / MAexp7: +0.06%
Price / MAexp20: +0.11%
Price / MAexp50: +0.24%
Price / MAexp100: +0.41%

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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Londinia AI

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