EUR/HKD - 1H - Technical analysis published on 01/15/2025 (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
44%
17%
39%
My opinion
Bullish above 8.0009 HKD
My targets
8.0650 HKD (+0.0307)
8.0811 HKD (+0.0468)
My analysis
The bullish trend is currently very strong on EUR/HKD. As long as the price remains above the support at 8.0009 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.0650 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.0811 HKD as an objective. Crossing it would then enable buyers to target 8.1095 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, 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
7
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/HKD price is 8.0343 HKD. The price has increased by +0.11% since the last closing and was traded between 8.0126 HKD and 8.0616 HKD over the period. The price is currently at +0.27% from its lowest and -0.34% from its highest.8.0126
8.0616
8.0343
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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
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. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.9727 | 8.0009 | 8.0281 | 8.0343 | 8.0650 | 8.0811 | 8.1095 |
| Change (%) | -0.77% | -0.42% | -0.08% | - | +0.38% | +0.58% | +0.94% |
| Change | -0.0616 | -0.0334 | -0.0062 | - | +0.0307 | +0.0468 | +0.0752 |
| Level | Minor | Major | Major | - | Minor | 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 | 7.9287 | 7.9490 | 7.9871 | 8.0074 | 8.0455 | 8.0658 | 8.1039 |
| Camarilla | 8.0091 | 8.0145 | 8.0199 | 8.0252 | 8.0306 | 8.0359 | 8.0413 |
| Woodie | 7.9376 | 7.9535 | 7.9960 | 8.0119 | 8.0544 | 8.0703 | 8.1128 |
| Fibonacci | 7.9490 | 7.9713 | 7.9851 | 8.0074 | 8.0297 | 8.0435 | 8.0658 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7567 | 7.8546 | 7.9164 | 8.0143 | 8.0761 | 8.1740 | 8.2358 |
| Camarilla | 7.9344 | 7.9490 | 7.9637 | 7.9783 | 7.9929 | 8.0076 | 8.0222 |
| Woodie | 7.7388 | 7.8456 | 7.8985 | 8.0053 | 8.0582 | 8.1650 | 8.2179 |
| Fibonacci | 7.8546 | 7.9156 | 7.9533 | 8.0143 | 8.0753 | 8.1130 | 8.1740 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7291 | 7.8821 | 7.9623 | 8.1153 | 8.1955 | 8.3485 | 8.4287 |
| Camarilla | 7.9784 | 7.9998 | 8.0211 | 8.0425 | 8.0639 | 8.0853 | 8.1066 |
| Woodie | 7.6927 | 7.8639 | 7.9259 | 8.0971 | 8.1591 | 8.3303 | 8.3923 |
| Fibonacci | 7.8821 | 7.9712 | 8.0262 | 8.1153 | 8.2044 | 8.2594 | 8.3485 |
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): | 55.91 | |
| MACD (12,26,9): | 0.0094 | |
| Directional Movement: | 16.9029 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 8.0376 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.0159 | |
| Elder Ray (13): | 0.0046 | |
| Super Trend (3,10): | 8.0049 | |
| Zig ZAG (10): | 8.0386 | |
| VORTEX (21): | 1.0794 | |
| Stochastique (14,3,5): | 63.13 | |
| TEMA (21): | 8.0380 | |
| Williams %R (14): | -51.63 | |
| Chande Momentum Oscillator (20): | 0.0113 | |
| Repulse (5,40,3): | 0.0210 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0182 | |
| Courbe Coppock: | 0.27 |
| MA7: | 8.0162 | |
| MA20: | 8.0510 | |
| MA50: | 8.1545 | |
| MA100: | 8.3567 | |
| MAexp7: | 8.0342 | |
| MAexp20: | 8.0238 | |
| MAexp50: | 8.0083 | |
| MAexp100: | 8.0042 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | -1.47% | |
| Price / MA100: | -3.86% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.38% |
Quotes :
-
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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