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EUR/HKD
EUR HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURHKD
ISIN:

EUR/HKD - Daily - Technical analysis published on 07/06/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 8.6158 HKD
My targets
8.8085 HKD (+0.0433)
8.8591 HKD (+0.0939)
My analysis
EUR/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.6158 HKD. The next resistance located at 8.8085 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.8591 HKD. After this resistance, buyers could then target 9.0539 HKD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The EUR/HKD price is 8.7652 HKD. On the day, this instrument gained +0.56% and was between 8.7126 HKD and 8.7925 HKD. This implies that the price is at +0.60% from its lowest and at -0.31% from its highest.

8.7126
8.7925
8.7652

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this EUR/HKD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% 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.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.5429 8.6158 8.7453 8.7652 8.8085 8.8591 9.0539
Change (%) -2.54% -1.70% -0.23% - +0.49% +1.07% +3.29%
Change -0.2223 -0.1494 -0.0199 - +0.0433 +0.0939 +0.2887
Level Major Intermediate Major - Minor Minor 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
Standard8.67498.68488.70068.71058.72638.73628.7520
Camarilla8.70948.71188.71418.71658.71898.72128.7236
Woodie8.67808.68638.70378.71208.72948.73778.7551
Fibonacci8.68488.69468.70078.71058.72038.72648.7362


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.57958.62428.67048.71518.76138.80608.8522
Camarilla8.69158.69988.70828.71658.72488.73328.7415
Woodie8.58028.62468.67118.71558.76208.80648.8529
Fibonacci8.62428.65908.68048.71518.74998.77138.8060


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.34478.47468.59078.72068.83678.96669.0827
Camarilla8.63918.66168.68428.70678.72938.75188.7744
Woodie8.33778.47128.58378.71728.82978.96329.0757
Fibonacci8.47468.56868.62678.72068.81468.87278.9666

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): 60.57
MACD (12,26,9): 0.0307
Directional Movement: 16.7585
AROON (14): -21.4286
DEMA (21): 8.7539
Parabolic SAR (0,02-0,02-0,2): 8.6601
Elder Ray (13): 0.0327
Super Trend (3,10): 8.6071
Zig ZAG (10): 8.7652
VORTEX (21): 0.9805
Stochastique (14,3,5): 53.12
TEMA (21): 8.7390
Williams %R (14): -21.45
Chande Momentum Oscillator (20): 0.0795
Repulse (5,40,3): 0.6173
ROCnROLL: 1
TRIX (15,9): 0.0686
Courbe Coppock: 0.42
MA7: 8.7183
MA20: 8.7297
MA50: 8.5953
MA100: 8.5502
MAexp7: 8.7265
MAexp20: 8.7063
MAexp50: 8.6364
MAexp100: 8.5965
Price / MA7: +0.54%
Price / MA20: +0.41%
Price / MA50: +1.98%
Price / MA100: +2.51%
Price / MAexp7: +0.44%
Price / MAexp20: +0.68%
Price / MAexp50: +1.49%
Price / MAexp100: +1.96%

Quotes : 2020-07-06 17:35:46 - Real time data - Forex

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

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Londinia
Londinia AI

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