EUR/HKD - 1H - Technical analysis published on 12/20/2019 (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:
Neutral
De fond:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 8.6906 HKD
My targets
8.6519 HKD (-0.0166)
8.6154 HKD (-0.0531)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 8.6906 HKD remains possible. It is advisable to trade EUR/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 8.6906 HKD. The next bearish objective for sellers is set at 8.6519 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8.6154 HKD. In case of crossing, the next objective would be the support located at 8.5429 HKD. PS: if there is a bullish break in the resistance located at 8.6906 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0.9
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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
EUR/HKD rating 8.6685 HKD. On the day, this instrument lost -0.01% with the lowest point at 8.6673 HKD and the highest point at 8.6745 HKD. The deviation from the price is +0.01% for the low point and -0.07% for the high point.8.6673
8.6745
8.6685
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this EUR/HKD chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
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 | 8.5429 | 8.6154 | 8.6519 | 8.6685 | 8.6692 | 8.6906 | 8.7046 |
| Change (%) | -1.45% | -0.61% | -0.19% | - | +0.01% | +0.25% | +0.42% |
| Change | -0.1256 | -0.0531 | -0.0166 | - | +0.0007 | +0.0221 | +0.0361 |
| Level | Major | Minor | 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 | 8.6195 | 8.6379 | 8.6538 | 8.6722 | 8.6881 | 8.7065 | 8.7224 |
| Camarilla | 8.6603 | 8.6634 | 8.6666 | 8.6697 | 8.6728 | 8.6760 | 8.6791 |
| Woodie | 8.6183 | 8.6373 | 8.6526 | 8.6716 | 8.6869 | 8.7059 | 8.7212 |
| Fibonacci | 8.6379 | 8.6510 | 8.6591 | 8.6722 | 8.6853 | 8.6934 | 8.7065 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5416 | 8.5948 | 8.6340 | 8.6872 | 8.7264 | 8.7796 | 8.8188 |
| Camarilla | 8.6479 | 8.6564 | 8.6648 | 8.6733 | 8.6818 | 8.6902 | 8.6987 |
| Woodie | 8.5347 | 8.5913 | 8.6271 | 8.6837 | 8.7195 | 8.7761 | 8.8119 |
| Fibonacci | 8.5948 | 8.6301 | 8.6519 | 8.6872 | 8.7225 | 8.7443 | 8.7796 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3980 | 8.4966 | 8.5619 | 8.6605 | 8.7258 | 8.8244 | 8.8897 |
| Camarilla | 8.5822 | 8.5973 | 8.6123 | 8.6273 | 8.6423 | 8.6574 | 8.6724 |
| Woodie | 8.3815 | 8.4883 | 8.5454 | 8.6522 | 8.7093 | 8.8161 | 8.8732 |
| Fibonacci | 8.4966 | 8.5592 | 8.5979 | 8.6605 | 8.7231 | 8.7618 | 8.8244 |
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): | 52.58 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 1.4643 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 8.6718 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.6624 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 8.6643 | |
| Zig ZAG (10): | 8.6718 | |
| VORTEX (21): | 1.0410 | |
| Stochastique (14,3,5): | 79.74 | |
| TEMA (21): | 8.6721 | |
| Williams %R (14): | -26.47 | |
| Chande Momentum Oscillator (20): | 0.0030 | |
| Repulse (5,40,3): | 0.0538 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0009 | |
| Courbe Coppock: | 0.03 |
| MA7: | 8.6802 | |
| MA20: | 8.6642 | |
| MA50: | 8.6756 | |
| MA100: | 8.6699 | |
| MAexp7: | 8.6713 | |
| MAexp20: | 8.6712 | |
| MAexp50: | 8.6714 | |
| MAexp100: | 8.6739 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | -0.08% | |
| Price / MA100: | -0.02% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.06% |
This member declared not having a position on this financial instrument or a related financial instrument.
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