EUR/HKD - 1H - Technical analysis published on 11/14/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 8.6301 HKD
My targets
8.6102 HKD (-0.09%)
8.5981 HKD (-0.23%)
My analysis
In a bearish trend, the price of EUR/HKD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 8.6301 HKD. A bearish break in the support located at 8.6102 HKD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 8.5981 HKD. Then 8.5156 HKD by extension. It would be safer to wait for a bearish break in the support located at 8.6102 HKD before allowing yourself to re trade short positions (for sale) on EUR/HKD. PS: if there is a bullish break in the resistance located at 8.6301 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
0
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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 8.6183 HKD. The price registered an increase of +0.00% on the session with the lowest point at 8.6030 HKD and the highest point at 8.6222 HKD. The deviation from the price is +0.18% for the low point and -0.05% for the high point.8.6030
8.6222
8.6183
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/HKD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
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 | 8.5156 | 8.5981 | 8.6102 | 8.6183 | 8.6301 | 8.6566 | 8.6790 |
| Change (%) | -1.19% | -0.23% | -0.09% | - | +0.14% | +0.44% | +0.70% |
| Change | -0.1027 | -0.0202 | -0.0081 | - | +0.0118 | +0.0383 | +0.0607 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
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 | 8.5878 | 8.5987 | 8.6085 | 8.6194 | 8.6292 | 8.6401 | 8.6499 |
| Camarilla | 8.6125 | 8.6144 | 8.6163 | 8.6182 | 8.6201 | 8.6220 | 8.6239 |
| Woodie | 8.5872 | 8.5984 | 8.6079 | 8.6191 | 8.6286 | 8.6398 | 8.6493 |
| Fibonacci | 8.5987 | 8.6066 | 8.6115 | 8.6194 | 8.6273 | 8.6322 | 8.6401 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.4410 | 8.5313 | 8.5785 | 8.6688 | 8.7160 | 8.8063 | 8.8535 |
| Camarilla | 8.5880 | 8.6006 | 8.6132 | 8.6258 | 8.6384 | 8.6510 | 8.6636 |
| Woodie | 8.4196 | 8.5205 | 8.5571 | 8.6580 | 8.6946 | 8.7955 | 8.8321 |
| Fibonacci | 8.5313 | 8.5838 | 8.6162 | 8.6688 | 8.7213 | 8.7537 | 8.8063 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3526 | 8.4401 | 8.5916 | 8.6791 | 8.8306 | 8.9181 | 9.0696 |
| Camarilla | 8.6773 | 8.6992 | 8.7211 | 8.7430 | 8.7649 | 8.7868 | 8.8087 |
| Woodie | 8.3845 | 8.4561 | 8.6235 | 8.6951 | 8.8625 | 8.9341 | 9.1015 |
| Fibonacci | 8.4401 | 8.5314 | 8.5878 | 8.6791 | 8.7704 | 8.8268 | 8.9181 |
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): | 50.74 | |
| MACD (12,26,9): | -0.0019 | |
| Directional Movement: | -2.2732 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 8.6107 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.6204 | |
| Elder Ray (13): | 0.0017 | |
| Super Trend (3,10): | 8.6234 | |
| Zig ZAG (10): | 8.6157 | |
| VORTEX (21): | 0.9919 | |
| Stochastique (14,3,5): | 58.51 | |
| TEMA (21): | 8.6113 | |
| Williams %R (14): | -32.81 | |
| Chande Momentum Oscillator (20): | 0.0053 | |
| Repulse (5,40,3): | 0.0655 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0042 | |
| Courbe Coppock: | 0.11 |
| MA7: | 8.6322 | |
| MA20: | 8.6912 | |
| MA50: | 8.6532 | |
| MA100: | 8.6948 | |
| MAexp7: | 8.6111 | |
| MAexp20: | 8.6133 | |
| MAexp50: | 8.6180 | |
| MAexp100: | 8.6280 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -0.40% | |
| Price / MA100: | -0.88% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | -0.11% |
This member declared not having a position on this financial instrument or a related financial instrument.
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