EUR/HKD - 1H - Technical analysis published on 10/23/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 8.7340 HKD
My targets
8.7172 HKD (-0.05%)
8.6955 HKD (-0.30%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on EUR/HKD as long as the price remains well below 8.7340 HKD. The next bearish objective for sellers is set at 8.7172 HKD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 8.6955 HKD. If there is any crossing, the next objective would be the support located at 8.6642 HKD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
2.5
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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 8.7213 HKD. The price is lower by -0.08% since the last closing and was traded between 8.7095 HKD and 8.7293 HKD over the period. The price is currently at +0.14% from its lowest and -0.09% from its highest.8.7095
8.7293
8.7213
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of EUR/HKD indicates that the overall trend is bearish. The signals given by moving averages are at 71.43% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.6642 | 8.6955 | 8.7172 | 8.7213 | 8.7340 | 8.7512 | 8.7667 |
| Change (%) | -0.65% | -0.30% | -0.05% | - | +0.15% | +0.34% | +0.52% |
| Change | -0.0571 | -0.0258 | -0.0041 | - | +0.0127 | +0.0299 | +0.0454 |
| Level | Minor | Minor | Minor | - | Major | Minor | 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 | 8.6843 | 8.7024 | 8.7151 | 8.7332 | 8.7459 | 8.7640 | 8.7767 |
| Camarilla | 8.7194 | 8.7223 | 8.7251 | 8.7279 | 8.7307 | 8.7336 | 8.7364 |
| Woodie | 8.6817 | 8.7011 | 8.7125 | 8.7319 | 8.7433 | 8.7627 | 8.7741 |
| Fibonacci | 8.7024 | 8.7141 | 8.7214 | 8.7332 | 8.7449 | 8.7522 | 8.7640 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5285 | 8.5757 | 8.6686 | 8.7158 | 8.8087 | 8.8559 | 8.9488 |
| Camarilla | 8.7229 | 8.7357 | 8.7486 | 8.7614 | 8.7742 | 8.7871 | 8.7999 |
| Woodie | 8.5513 | 8.5871 | 8.6914 | 8.7272 | 8.8315 | 8.8673 | 8.9716 |
| Fibonacci | 8.5757 | 8.6293 | 8.6623 | 8.7158 | 8.7694 | 8.8024 | 8.8559 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.14 | |
| MACD (12,26,9): | -0.0037 | |
| Directional Movement: | -7.4196 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 8.7167 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.7230 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 8.7361 | |
| Zig ZAG (10): | 8.7214 | |
| VORTEX (21): | 0.9626 | |
| Stochastique (14,3,5): | 58.33 | |
| TEMA (21): | 8.7172 | |
| Williams %R (14): | -36.93 | |
| Chande Momentum Oscillator (20): | -0.0040 | |
| Repulse (5,40,3): | 0.0167 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0075 | |
| Courbe Coppock: | 0.08 |
| MA7: | 8.7182 | |
| MA20: | 8.6425 | |
| MA50: | 8.6526 | |
| MA100: | 8.7215 | |
| MAexp7: | 8.7197 | |
| MAexp20: | 8.7218 | |
| MAexp50: | 8.7278 | |
| MAexp100: | 8.7237 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | +0.79% | |
| Price / MA100: | -0.00% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.03% |
This member declared not having a position on this financial instrument or a related financial instrument.
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