EUR/HKD

- HKD (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURHKD
ISIN:

EUR/HKD - 1H - Technical analysis published on 01/24/2025 (GMT)

Londinia

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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

78%

22%

My opinion

Bullish above 8.1431 HKD

My targets

8.2303 HKD (+0.0596)

8.3406 HKD (+0.1699)

My analysis

The bullish trend is currently very strong on EUR/HKD. As long as the price remains above the support at 8.1431 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.2303 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.3406 HKD as an objective. Crossing it would then enable buyers to target 8.5296 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

8.6

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 price is 8.1707 HKD. On the day, this instrument gained +0.71% and was traded between 8.1092 HKD and 8.1883 HKD over the period. The price is currently at +0.76% from its lowest and -0.21% from its highest.

8.1092

8.1883

8.1707

A study of price movements over other periods shows the following variations:

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

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/HKD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 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

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.0798	8.1095	8.1431	8.1707	8.2303	8.3406	8.5296
Change (%)	-1.11%	-0.75%	-0.34%	-	+0.73%	+2.08%	+4.39%
Change	-0.0909	-0.0612	-0.0276	-	+0.0596	+0.1699	+0.3589
Level	Minor	Intermediate	Minor	-	Major	Intermediate	Intermediate

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	8.0343	8.0570	8.0853	8.1080	8.1363	8.1590	8.1873
Camarilla	8.0995	8.1042	8.1088	8.1135	8.1182	8.1229	8.1275
Woodie	8.0370	8.0584	8.0880	8.1094	8.1390	8.1604	8.1900
Fibonacci	8.0570	8.0765	8.0886	8.1080	8.1275	8.1396	8.1590

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.7933	7.8597	7.9288	7.9952	8.0643	8.1307	8.1998
Camarilla	7.9606	7.9731	7.9855	7.9979	8.0103	8.0227	8.0352
Woodie	7.7947	7.8604	7.9302	7.9959	8.0657	8.1314	8.2012
Fibonacci	7.8597	7.9115	7.9434	7.9952	8.0470	8.0789	8.1307

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	77.30
MACD (12,26,9):	0.0146
Directional Movement:	31.6372
AROON (14):	57.1428
DEMA (21):	8.1534
Parabolic SAR (0,02-0,02-0,2):	8.1311
Elder Ray (13):	0.0282
Super Trend (3,10):	8.1370
Zig ZAG (10):	8.1717
VORTEX (21):	1.2514
Stochastique (14,3,5):	86.49
TEMA (21):	8.1632
Williams %R (14):	-18.20
Chande Momentum Oscillator (20):	0.0542
Repulse (5,40,3):	0.2434
ROCnROLL:	1
TRIX (15,9):	0.0153
Courbe Coppock:	0.97

MA7:	8.0886
MA20:	8.0500
MA50:	8.1198
MA100:	8.3174
MAexp7:	8.1568
MAexp20:	8.1370
MAexp50:	8.1204
MAexp100:	8.0997
Price / MA7:	+1.02%
Price / MA20:	+1.50%
Price / MA50:	+0.63%
Price / MA100:	-1.76%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.41%
Price / MAexp50:	+0.62%
Price / MAexp100:	+0.88%

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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