EUR/HKD
EUR HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: EURHKD
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EUR/HKD - 1H - Technical analysis published on 05/26/2020 (GMT)

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  • Timeframe : 1H
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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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Indicators

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard8.40188.41628.43468.44908.46748.48188.5002
Camarilla8.44408.44708.45008.45308.45608.45908.4620
Woodie8.40388.41728.43668.45008.46948.48288.5022
Fibonacci8.41628.42878.43658.44908.46158.46938.4818


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.21068.29108.37478.45518.53888.61928.7029
Camarilla8.41328.42828.44338.45838.47338.48848.5034
Woodie8.21228.29188.37638.45598.54048.62008.7045
Fibonacci8.29108.35378.39258.45518.51788.55668.6192


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.10518.20998.34718.45198.58918.69398.8311
Camarilla8.41788.43998.46218.48438.50658.52878.5509
Woodie8.12138.21808.36338.46008.60538.70208.8473
Fibonacci8.20998.30238.35958.45198.54438.60158.6939

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 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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