EUR/HKD - 1H - Technical analysis published on 08/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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 8.6386 HKD
My targets
8.6813 HKD (+0.0154)
8.7385 HKD (+0.0726)
My analysis
The bullish trend is currently very strong on EUR/HKD. As long as the price remains above the support at 8.6386 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.6813 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.7385 HKD as an objective. Crossing it would then enable buyers to target 8.9224 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
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/HKD rating 8.6659 HKD. The price is lower by -0.01% since the last closing and was between 8.6564 HKD and 8.6706 HKD. This implies that the price is at +0.11% from its lowest and at -0.05% from its highest.8.6564
8.6706
8.6659
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/HKD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 8.5828 | 8.6072 | 8.6386 | 8.6659 | 8.6813 | 8.9224 | 9.1111 |
| Change (%) | -0.96% | -0.68% | -0.32% | - | +0.18% | +2.96% | +5.14% |
| Change | -0.0831 | -0.0587 | -0.0273 | - | +0.0154 | +0.2565 | +0.4452 |
| Level | Minor | Minor | Minor | - | Major | Minor | 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 | 8.5924 | 8.6085 | 8.6376 | 8.6537 | 8.6828 | 8.6989 | 8.7280 |
| Camarilla | 8.6543 | 8.6584 | 8.6626 | 8.6667 | 8.6708 | 8.6750 | 8.6791 |
| Woodie | 8.5989 | 8.6118 | 8.6441 | 8.6570 | 8.6893 | 8.7022 | 8.7345 |
| Fibonacci | 8.6085 | 8.6258 | 8.6364 | 8.6537 | 8.6710 | 8.6816 | 8.6989 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4229 | 8.4625 | 8.5281 | 8.5677 | 8.6333 | 8.6729 | 8.7385 |
| Camarilla | 8.5649 | 8.5745 | 8.5842 | 8.5938 | 8.6034 | 8.6131 | 8.6227 |
| Woodie | 8.4360 | 8.4690 | 8.5412 | 8.5742 | 8.6464 | 8.6794 | 8.7516 |
| Fibonacci | 8.4625 | 8.5027 | 8.5275 | 8.5677 | 8.6079 | 8.6327 | 8.6729 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.1870 | 8.2777 | 8.3671 | 8.4578 | 8.5472 | 8.6379 | 8.7273 |
| Camarilla | 8.4069 | 8.4234 | 8.4399 | 8.4564 | 8.4729 | 8.4894 | 8.5059 |
| Woodie | 8.1863 | 8.2774 | 8.3664 | 8.4575 | 8.5465 | 8.6376 | 8.7266 |
| Fibonacci | 8.2777 | 8.3465 | 8.3890 | 8.4578 | 8.5266 | 8.5691 | 8.6379 |
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): | 65.48 | |
| MACD (12,26,9): | 0.0068 | |
| Directional Movement: | 14.2822 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 8.6691 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.6564 | |
| Elder Ray (13): | 0.0028 | |
| Super Trend (3,10): | 8.6470 | |
| Zig ZAG (10): | 8.6659 | |
| VORTEX (21): | 1.2175 | |
| Stochastique (14,3,5): | 44.37 | |
| TEMA (21): | 8.6662 | |
| Williams %R (14): | -38.73 | |
| Chande Momentum Oscillator (20): | -0.0021 | |
| Repulse (5,40,3): | 0.0193 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0146 | |
| Courbe Coppock: | 0.08 |
| MA7: | 8.6082 | |
| MA20: | 8.5306 | |
| MA50: | 8.4709 | |
| MA100: | 8.4490 | |
| MAexp7: | 8.6628 | |
| MAexp20: | 8.6586 | |
| MAexp50: | 8.6410 | |
| MAexp100: | 8.6169 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | +1.59% | |
| Price / MA50: | +2.30% | |
| Price / MA100: | +2.57% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.57% |
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.
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