EUR/HKD - 1H - Technical analysis published on 07/30/2020 (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:
Bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 9.0817 HKD
My targets
9.1496 HKD (+0.0457)
9.2333 HKD (+0.1294)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 9.0817 HKD remains possible. It is advisable to trade EUR/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 9.0817 HKD. The next bullish objective for buyers is set at 9.1496 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.2333 HKD. If there is any crossing, the next objective would be the resistance located at 9.3723 HKD. PS: if there is a bearish break in the support located at 9.0817 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
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
The EUR/HKD rating is 9.1039 HKD. The price is lower by -0.29% since the last closing with the lowest point at 9.1039 HKD and the highest point at 9.1335 HKD. The deviation from the price is 0% for the low point and -0.32% for the high point.9.1039
9.1335
9.1039
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/HKD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.9910 | 9.0539 | 9.0817 | 9.1039 | 9.1496 | 9.2333 | 9.3723 |
| Change (%) | -1.24% | -0.55% | -0.24% | - | +0.50% | +1.42% | +2.95% |
| Change | -0.1129 | -0.0500 | -0.0222 | - | +0.0457 | +0.1294 | +0.2684 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 9.0197 | 9.0496 | 9.0899 | 9.1198 | 9.1601 | 9.1900 | 9.2303 |
| Camarilla | 9.1110 | 9.1174 | 9.1239 | 9.1303 | 9.1367 | 9.1432 | 9.1496 |
| Woodie | 9.0250 | 9.0522 | 9.0952 | 9.1224 | 9.1654 | 9.1926 | 9.2356 |
| Fibonacci | 9.0496 | 9.0764 | 9.0930 | 9.1198 | 9.1466 | 9.1632 | 9.1900 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.7089 | 8.7742 | 8.9045 | 8.9698 | 9.1001 | 9.1654 | 9.2957 |
| Camarilla | 8.9811 | 8.9990 | 9.0170 | 9.0349 | 9.0528 | 9.0708 | 9.0887 |
| Woodie | 8.7415 | 8.7905 | 8.9371 | 8.9861 | 9.1327 | 9.1817 | 9.3283 |
| Fibonacci | 8.7742 | 8.8489 | 8.8951 | 8.9698 | 9.0445 | 9.0907 | 9.1654 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3447 | 8.4746 | 8.5907 | 8.7206 | 8.8367 | 8.9666 | 9.0827 |
| Camarilla | 8.6391 | 8.6616 | 8.6842 | 8.7067 | 8.7293 | 8.7518 | 8.7744 |
| Woodie | 8.3377 | 8.4712 | 8.5837 | 8.7172 | 8.8297 | 8.9632 | 9.0757 |
| Fibonacci | 8.4746 | 8.5686 | 8.6267 | 8.7206 | 8.8146 | 8.8727 | 8.9666 |
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): | 45.35 | |
| MACD (12,26,9): | 0.0043 | |
| Directional Movement: | -5.1343 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 9.1263 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.1489 | |
| Elder Ray (13): | -0.0099 | |
| Super Trend (3,10): | 9.0956 | |
| Zig ZAG (10): | 9.1078 | |
| VORTEX (21): | 1.0198 | |
| Stochastique (14,3,5): | 12.42 | |
| TEMA (21): | 9.1241 | |
| Williams %R (14): | -94.24 | |
| Chande Momentum Oscillator (20): | -0.0085 | |
| Repulse (5,40,3): | -0.1999 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0128 | |
| Courbe Coppock: | 0.11 |
| MA7: | 9.0622 | |
| MA20: | 8.8974 | |
| MA50: | 8.7704 | |
| MA100: | 8.6068 | |
| MAexp7: | 9.1190 | |
| MAexp20: | 9.1193 | |
| MAexp50: | 9.1057 | |
| MAexp100: | 9.0767 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +2.32% | |
| Price / MA50: | +3.80% | |
| Price / MA100: | +5.78% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | +0.30% |
Quotes :
2020-07-30 07:16:44
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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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