EUR/HKD - 1H - Technical analysis published on 10/08/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 8.6136 HKD
My targets
8.6260 HKD (+0.14%)
8.6596 HKD (+0.53%)
My analysis
The bullish trend is currently very strong on EUR/HKD. As long as the price remains above the support at 8.6136 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.6260 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.6596 HKD as an objective. Crossing it would then enable buyers to target 8.7346 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.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/HKD price is 8.6137 HKD. The price registered an increase of +0.10% on the session with the lowest point at 8.5993 HKD and the highest point at 8.6163 HKD. The deviation from the price is +0.17% for the low point and -0.03% for the high point.8.5993
8.6163
8.6137
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 (1st january)
Type : Bearish
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.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.5829 | 8.5982 | 8.6136 | 8.6137 | 8.6260 | 8.6596 | 8.7346 |
| Change (%) | -0.36% | -0.18% | -0.00% | - | +0.14% | +0.53% | +1.40% |
| Change | -0.0308 | -0.0155 | -0.0001 | - | +0.0123 | +0.0459 | +0.1209 |
| Level | Minor | Intermediate | Minor | - | Major | 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 | 8.5617 | 8.5802 | 8.5928 | 8.6113 | 8.6239 | 8.6424 | 8.6550 |
| Camarilla | 8.5969 | 8.5997 | 8.6026 | 8.6054 | 8.6083 | 8.6111 | 8.6140 |
| Woodie | 8.5588 | 8.5787 | 8.5899 | 8.6098 | 8.6210 | 8.6409 | 8.6521 |
| Fibonacci | 8.5802 | 8.5921 | 8.5994 | 8.6113 | 8.6232 | 8.6305 | 8.6424 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4496 | 8.4886 | 8.5479 | 8.5869 | 8.6462 | 8.6852 | 8.7445 |
| Camarilla | 8.5801 | 8.5891 | 8.5981 | 8.6071 | 8.6161 | 8.6251 | 8.6341 |
| Woodie | 8.4597 | 8.4937 | 8.5580 | 8.5920 | 8.6563 | 8.6903 | 8.7546 |
| Fibonacci | 8.4886 | 8.5262 | 8.5494 | 8.5869 | 8.6245 | 8.6477 | 8.6852 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3282 | 8.4309 | 8.4869 | 8.5896 | 8.6456 | 8.7483 | 8.8043 |
| Camarilla | 8.4993 | 8.5138 | 8.5284 | 8.5429 | 8.5575 | 8.5720 | 8.5865 |
| Woodie | 8.3049 | 8.4192 | 8.4636 | 8.5779 | 8.6223 | 8.7366 | 8.7810 |
| Fibonacci | 8.4309 | 8.4915 | 8.5290 | 8.5896 | 8.6502 | 8.6877 | 8.7483 |
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): | 57.94 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | 2.1989 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 8.6090 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.6169 | |
| Elder Ray (13): | 0.0037 | |
| Super Trend (3,10): | 8.5994 | |
| Zig ZAG (10): | 8.6135 | |
| VORTEX (21): | 1.0690 | |
| Stochastique (14,3,5): | 60.46 | |
| TEMA (21): | 8.6073 | |
| Williams %R (14): | -21.29 | |
| Chande Momentum Oscillator (20): | 0.0061 | |
| Repulse (5,40,3): | 0.0686 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0017 | |
| Courbe Coppock: | 0.16 |
| MA7: | 8.5923 | |
| MA20: | 8.6129 | |
| MA50: | 8.6670 | |
| MA100: | 8.7314 | |
| MAexp7: | 8.6096 | |
| MAexp20: | 8.6097 | |
| MAexp50: | 8.6081 | |
| MAexp100: | 8.6014 | |
| Price / MA7: | +0.25% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | -0.61% | |
| Price / MA100: | -1.35% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.14% |
This member declared not having a position on this financial instrument or a related financial instrument.
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