EUR/HKD
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 03/07/2025 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 8.4284 HKD
My targets
8.5394 HKD (+0.0962)
8.6559 HKD (+0.2127)
My analysis
The bullish trend is currently very strong on EUR/HKD. As long as the price remains above the support at 8.4284 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.5394 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.6559 HKD as an objective. Crossing it would then enable buyers to target 8.7696 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
8.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/HKD rating 8.4432 HKD. The price has increased by +0.71% since the last closing with the lowest point at 8.3803 HKD and the highest point at 8.4487 HKD. The deviation from the price is +0.75% for the low point and -0.07% for the high point.

8.3803
8.4487
8.4432

Here is a more detailed summary of the historical variations registered by EUR/HKD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 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. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.1764 8.3678 8.4284 8.4432 8.5394 8.6559 8.7696
Change (%) -3.16% -0.89% -0.18% - +1.14% +2.52% +3.87%
Change -0.2668 -0.0754 -0.0148 - +0.0962 +0.2127 +0.3264
Level Major Minor Intermediate - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.28938.32868.35618.39548.42298.46228.4897
Camarilla8.36538.37158.37768.38378.38988.39608.4021
Woodie8.28358.32578.35038.39258.41718.45938.4839
Fibonacci8.32868.35418.36998.39548.42098.43678.4622


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.89657.97658.02418.10418.15178.23178.2793
Camarilla8.03658.04828.05998.07168.08338.09508.1067
Woodie7.88027.96848.00788.09608.13548.22368.2630
Fibonacci7.97658.02538.05548.10418.15298.18308.2317


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.72937.84287.95728.07078.18518.29868.4130
Camarilla8.00898.02988.05078.07168.09258.11348.1343
Woodie7.72987.84307.95778.07098.18568.29888.4135
Fibonacci7.84287.92997.98368.07078.15788.21158.2986

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): 74.68
MACD (12,26,9): 0.0147
Directional Movement: 23.4214
AROON (14): 85.7142
DEMA (21): 8.4257
Parabolic SAR (0,02-0,02-0,2): 8.3763
Elder Ray (13): 0.0268
Super Trend (3,10): 8.3983
Zig ZAG (10): 8.4400
VORTEX (21): 1.1533
Stochastique (14,3,5): 90.98
TEMA (21): 8.4239
Williams %R (14): -10.55
Chande Momentum Oscillator (20): 0.0544
Repulse (5,40,3): 0.2064
ROCnROLL: 1
TRIX (15,9): 0.0160
Courbe Coppock: 0.75
MA7: 8.2544
MA20: 8.1715
MA50: 8.1067
MA100: 8.1809
MAexp7: 8.4252
MAexp20: 8.4074
MAexp50: 8.3712
MAexp100: 8.3107
Price / MA7: +2.29%
Price / MA20: +3.32%
Price / MA50: +4.15%
Price / MA100: +3.21%
Price / MAexp7: +0.21%
Price / MAexp20: +0.43%
Price / MAexp50: +0.86%
Price / MAexp100: +1.59%

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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