EUR/HKD - 1H - Technical analysis published on 05/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 8.5071 HKD
My targets
8.5429 HKD (+0.0271)
8.6158 HKD (+0.1000)
My analysis
The bullish trend is currently very strong on EUR/HKD. As long as the price remains above the support at 8.5071 HKD, you could try to benefit from the boom. The first bullish objective is located at 8.5429 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 8.6158 HKD as an objective. Crossing it would then enable buyers to target 8.7453 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.2
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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 rating is 8.5158 HKD. On the day, this instrument gained +0.74% with the lowest point at 8.4490 HKD and the highest point at 8.5198 HKD. The deviation from the price is +0.79% for the low point and -0.05% for the high point.8.4490
8.5198
8.5158
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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
Technical analysis of EUR/HKD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance 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 | 8.4630 | 8.4815 | 8.5071 | 8.5158 | 8.5429 | 8.6158 | 8.7453 |
Change (%) | -0.62% | -0.40% | -0.10% | - | +0.32% | +1.17% | +2.69% |
Change | -0.0528 | -0.0343 | -0.0087 | - | +0.0271 | +0.1000 | +0.2295 |
Level | Major | Minor | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.4018 | 8.4162 | 8.4346 | 8.4490 | 8.4674 | 8.4818 | 8.5002 |
Camarilla | 8.4440 | 8.4470 | 8.4500 | 8.4530 | 8.4560 | 8.4590 | 8.4620 |
Woodie | 8.4038 | 8.4172 | 8.4366 | 8.4500 | 8.4694 | 8.4828 | 8.5022 |
Fibonacci | 8.4162 | 8.4287 | 8.4365 | 8.4490 | 8.4615 | 8.4693 | 8.4818 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.2106 | 8.2910 | 8.3747 | 8.4551 | 8.5388 | 8.6192 | 8.7029 |
Camarilla | 8.4132 | 8.4282 | 8.4433 | 8.4583 | 8.4733 | 8.4884 | 8.5034 |
Woodie | 8.2122 | 8.2918 | 8.3763 | 8.4559 | 8.5404 | 8.6200 | 8.7045 |
Fibonacci | 8.2910 | 8.3537 | 8.3925 | 8.4551 | 8.5178 | 8.5566 | 8.6192 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.1051 | 8.2099 | 8.3471 | 8.4519 | 8.5891 | 8.6939 | 8.8311 |
Camarilla | 8.4178 | 8.4399 | 8.4621 | 8.4843 | 8.5065 | 8.5287 | 8.5509 |
Woodie | 8.1213 | 8.2180 | 8.3633 | 8.4600 | 8.6053 | 8.7020 | 8.8473 |
Fibonacci | 8.2099 | 8.3023 | 8.3595 | 8.4519 | 8.5443 | 8.6015 | 8.6939 |
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): | 71.42 | |
MACD (12,26,9): | 0.0144 | |
Directional Movement: | 29.7582 | |
AROON (14): | 100.0000 | |
DEMA (21): | 8.4986 | |
Parabolic SAR (0,02-0,02-0,2): | 8.4937 | |
Elder Ray (13): | 0.0210 | |
Super Trend (3,10): | 8.4783 | |
Zig ZAG (10): | 8.5114 | |
VORTEX (21): | 1.3077 | |
Stochastique (14,3,5): | 92.12 | |
TEMA (21): | 8.5103 | |
Williams %R (14): | -14.40 | |
Chande Momentum Oscillator (20): | 0.0494 | |
Repulse (5,40,3): | 0.1082 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0169 | |
Courbe Coppock: | 1.10 |
MA7: | 8.4783 | |
MA20: | 8.4366 | |
MA50: | 8.4346 | |
MA100: | 8.5083 | |
MAexp7: | 8.5008 | |
MAexp20: | 8.4814 | |
MAexp50: | 8.4700 | |
MAexp100: | 8.4659 | |
Price / MA7: | +0.44% | |
Price / MA20: | +0.94% | |
Price / MA50: | +0.96% | |
Price / MA100: | +0.09% | |
Price / MAexp7: | +0.18% | |
Price / MAexp20: | +0.41% | |
Price / MAexp50: | +0.54% | |
Price / MAexp100: | +0.59% |
Quotes :
2020-05-26 15:05:08
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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