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 11/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 8.4412 HKD

My targets

8.4793 HKD (+0.0091)

8.5678 HKD (+0.0976)

My analysis

EUR/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.4412 HKD. The next resistance located at 8.4793 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.5678 HKD. After this resistance, buyers could then target 8.6600 HKD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

7.9

Comment on the analysis

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:

Additional analysis

Quotes

The EUR/HKD rating is 8.4702 HKD. The price registered an increase of +0.57% on the session and was between 8.4526 HKD and 8.4772 HKD. This implies that the price is at +0.21% from its lowest and at -0.08% from its highest.

8.4526

8.4772

8.4702

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

Here is a more detailed summary of the historical variations registered by EUR/HKD:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 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. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.4272	8.4412	8.4649	8.4702	8.4793	8.5678	8.6600
Change (%)	-0.51%	-0.34%	-0.06%	-	+0.11%	+1.15%	+2.24%
Change	-0.0430	-0.0290	-0.0053	-	+0.0091	+0.0976	+0.1898
Level	Minor	Intermediate	Intermediate	-	Intermediate	Major	Minor

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	8.3465	8.3845	8.4034	8.4414	8.4603	8.4983	8.5172
Camarilla	8.4068	8.4120	8.4172	8.4224	8.4276	8.4328	8.4381
Woodie	8.3371	8.3797	8.3940	8.4366	8.4509	8.4935	8.5078
Fibonacci	8.3845	8.4062	8.4196	8.4414	8.4631	8.4765	8.4983

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.2564	8.3123	8.3674	8.4233	8.4784	8.5343	8.5894
Camarilla	8.3919	8.4021	8.4122	8.4224	8.4326	8.4428	8.4529
Woodie	8.2559	8.3121	8.3669	8.4231	8.4779	8.5341	8.5889
Fibonacci	8.3123	8.3547	8.3809	8.4233	8.4657	8.4919	8.5343

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.0269	8.1944	8.3278	8.4953	8.6287	8.7962	8.9296
Camarilla	8.3785	8.4060	8.4336	8.4612	8.4888	8.5164	8.5440
Woodie	8.0099	8.1859	8.3108	8.4868	8.6117	8.7877	8.9126
Fibonacci	8.1944	8.3093	8.3804	8.4953	8.6102	8.6813	8.7962

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	57.07
MACD (12,26,9):	0.0062
Directional Movement:	16.3921
AROON (14):	50.0000
DEMA (21):	8.4657
Parabolic SAR (0,02-0,02-0,2):	8.4511
Elder Ray (13):	0.0043
Super Trend (3,10):	8.4434
Zig ZAG (10):	8.4669
VORTEX (21):	0.9089
Stochastique (14,3,5):	81.02
TEMA (21):	8.4698
Williams %R (14):	-17.52
Chande Momentum Oscillator (20):	0.0452
Repulse (5,40,3):	-0.0332
ROCnROLL:	1
TRIX (15,9):	0.0068
Courbe Coppock:	0.75

MA7:	8.4272
MA20:	8.4415
MA50:	8.5592
MA100:	8.5250
MAexp7:	8.4660
MAexp20:	8.4587
MAexp50:	8.4501
MAexp100:	8.4388
Price / MA7:	+0.51%
Price / MA20:	+0.34%
Price / MA50:	-1.04%
Price / MA100:	-0.64%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.24%
Price / MAexp100:	+0.37%

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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