EUR/HKD - 1H - Technical analysis published on 09/13/2024 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 8.6127 HKD
My targets
8.6665 HKD (+0.0232)
8.6813 HKD (+0.0380)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/HKD as long as the price remains well above 8.6127 HKD. The buyers' bullish objective is set at 8.6665 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.6813 HKD. If there is any crossing, the next objective would be the resistance located at 8.6906 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/HKD price is 8.6433 HKD. On the day, this instrument lost -0.01% with the lowest point at 8.6420 HKD and the highest point at 8.6496 HKD. The deviation from the price is +0.02% for the low point and -0.07% for the high point.8.6420
8.6496
8.6433
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/HKD in 1H shows a strongly overall bullish trend. 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.5815 | 8.5989 | 8.6127 | 8.6433 | 8.6504 | 8.6665 | 8.6813 |
| Change (%) | -0.72% | -0.51% | -0.35% | - | +0.08% | +0.27% | +0.44% |
| Change | -0.0618 | -0.0444 | -0.0306 | - | +0.0071 | +0.0232 | +0.0380 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5398 | 8.5607 | 8.6022 | 8.6231 | 8.6646 | 8.6855 | 8.7270 |
| Camarilla | 8.6266 | 8.6324 | 8.6381 | 8.6438 | 8.6495 | 8.6552 | 8.6610 |
| Woodie | 8.5502 | 8.5659 | 8.6126 | 8.6283 | 8.6750 | 8.6907 | 8.7374 |
| Fibonacci | 8.5607 | 8.5845 | 8.5992 | 8.6231 | 8.6469 | 8.6616 | 8.6855 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5056 | 8.5523 | 8.5971 | 8.6438 | 8.6886 | 8.7353 | 8.7801 |
| Camarilla | 8.6166 | 8.6250 | 8.6334 | 8.6418 | 8.6502 | 8.6586 | 8.6670 |
| Woodie | 8.5046 | 8.5518 | 8.5961 | 8.6433 | 8.6876 | 8.7348 | 8.7791 |
| Fibonacci | 8.5523 | 8.5873 | 8.6089 | 8.6438 | 8.6788 | 8.7004 | 8.7353 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.1353 | 8.2790 | 8.4458 | 8.5895 | 8.7563 | 8.9000 | 9.0668 |
| Camarilla | 8.5273 | 8.5558 | 8.5842 | 8.6127 | 8.6412 | 8.6696 | 8.6981 |
| Woodie | 8.1470 | 8.2848 | 8.4575 | 8.5953 | 8.7680 | 8.9058 | 9.0785 |
| Fibonacci | 8.2790 | 8.3976 | 8.4709 | 8.5895 | 8.7081 | 8.7814 | 8.9000 |
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): | 70.82 | |
| MACD (12,26,9): | 0.0122 | |
| Directional Movement: | 22.6571 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 8.6465 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.6496 | |
| Elder Ray (13): | 0.0055 | |
| Super Trend (3,10): | 8.6241 | |
| Zig ZAG (10): | 8.6421 | |
| VORTEX (21): | 1.3549 | |
| Stochastique (14,3,5): | 86.31 | |
| TEMA (21): | 8.6529 | |
| Williams %R (14): | -17.29 | |
| Chande Momentum Oscillator (20): | 0.0161 | |
| Repulse (5,40,3): | -0.0165 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0205 | |
| Courbe Coppock: | 0.77 |
| MA7: | 8.6241 | |
| MA20: | 8.6496 | |
| MA50: | 8.5606 | |
| MA100: | 8.4924 | |
| MAexp7: | 8.6425 | |
| MAexp20: | 8.6308 | |
| MAexp50: | 8.6169 | |
| MAexp100: | 8.6150 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | +0.97% | |
| Price / MA100: | +1.78% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +0.33% |
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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