Londinia Opportunities Analyses - 11/19/2024 (GMT) EUR/HKD - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 8.2303 HKD
My targets
8.2871 HKD (+0.0406)
8.3406 HKD (+0.0941)
My analysis
The bullish trend is currently very strong on EUR/HKD. As long as the price remains above the support at 8.2303 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.2871 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.3406 HKD as an objective. Crossing it would then enable buyers to target 8.4128 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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Additional analysis
Quotes
EUR/HKD rating 8.2465 HKD. The price registered an increase of +0.00% on the session and was between 8.1902 HKD and 8.2501 HKD. This implies that the price is at +0.69% from its lowest and at -0.04% from its highest.8.1902
8.2501
8.2465
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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 strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bullish. 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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.1717 | 8.1979 | 8.2303 | 8.2465 | 8.2871 | 8.3406 | 8.4128 |
| Change (%) | -0.91% | -0.59% | -0.20% | - | +0.49% | +1.14% | +2.02% |
| Change | -0.0748 | -0.0486 | -0.0162 | - | +0.0406 | +0.0941 | +0.1663 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | 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 | 8.1477 | 8.1716 | 8.2091 | 8.2330 | 8.2705 | 8.2944 | 8.3319 |
| Camarilla | 8.2297 | 8.2353 | 8.2410 | 8.2466 | 8.2522 | 8.2579 | 8.2635 |
| Woodie | 8.1545 | 8.1750 | 8.2159 | 8.2364 | 8.2773 | 8.2978 | 8.3387 |
| Fibonacci | 8.1716 | 8.1951 | 8.2096 | 8.2330 | 8.2565 | 8.2710 | 8.2944 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.9711 | 8.0714 | 8.1400 | 8.2403 | 8.3089 | 8.4092 | 8.4778 |
| Camarilla | 8.1622 | 8.1776 | 8.1931 | 8.2086 | 8.2241 | 8.2396 | 8.2551 |
| Woodie | 7.9553 | 8.0635 | 8.1242 | 8.2324 | 8.2931 | 8.4013 | 8.4620 |
| Fibonacci | 8.0714 | 8.1359 | 8.1758 | 8.2403 | 8.3048 | 8.3447 | 8.4092 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.0269 | 8.1944 | 8.3278 | 8.4953 | 8.6287 | 8.7962 | 8.9296 |
| Camarilla | 8.3785 | 8.4060 | 8.4336 | 8.4612 | 8.4888 | 8.5164 | 8.5440 |
| Woodie | 8.0099 | 8.1859 | 8.3108 | 8.4868 | 8.6117 | 8.7877 | 8.9126 |
| Fibonacci | 8.1944 | 8.3093 | 8.3804 | 8.4953 | 8.6102 | 8.6813 | 8.7962 |
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): | 58.64 | |
| MACD (12,26,9): | 0.0040 | |
| Directional Movement: | 1.7110 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 8.2419 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.2068 | |
| Elder Ray (13): | 0.0062 | |
| Super Trend (3,10): | 8.2519 | |
| Zig ZAG (10): | 8.2457 | |
| VORTEX (21): | 1.0105 | |
| Stochastique (14,3,5): | 92.43 | |
| TEMA (21): | 8.2423 | |
| Williams %R (14): | -8.51 | |
| Chande Momentum Oscillator (20): | 0.0253 | |
| Repulse (5,40,3): | 0.0239 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0041 | |
| Courbe Coppock: | 0.25 |
| MA7: | 8.2378 | |
| MA20: | 8.3497 | |
| MA50: | 8.4829 | |
| MA100: | 8.5164 | |
| MAexp7: | 8.2423 | |
| MAexp20: | 8.2371 | |
| MAexp50: | 8.2311 | |
| MAexp100: | 8.2347 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | -1.24% | |
| Price / MA50: | -2.79% | |
| Price / MA100: | -3.17% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.14% |
Quotes :
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Real time data
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Forex