EUR/HKD - 1H - Technical analysis published on 11/04/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 9.0739 HKD
My targets
9.1001 HKD (+0.0112)
9.1483 HKD (+0.0594)
My analysis
The basic bullish trend is very strong on EUR/HKD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 9.0739 HKD. Crossing the first resistance at 9.1001 HKD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 9.1483 HKD as an objective. Crossing it would then enable buyers to target 9.1739 HKD. Caution, a return to below 9.0739 HKD would be a sign of a consolidation phase in the short-term basic trend. 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
7.7
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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
EUR/HKD rating 9.0889 HKD. On the day, this instrument lost -0.33% and was between 8.9957 HKD and 9.1256 HKD. This implies that the price is at +1.04% from its lowest and at -0.40% from its highest.8.9957
9.1256
9.0889
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/HKD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/HKD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.0329 | 9.0544 | 9.0739 | 9.0889 | 9.1001 | 9.1483 | 9.1739 |
| Change (%) | -0.62% | -0.38% | -0.17% | - | +0.12% | +0.65% | +0.94% |
| Change | -0.0560 | -0.0345 | -0.0150 | - | +0.0112 | +0.0594 | +0.0850 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 8.9513 | 8.9855 | 9.0520 | 9.0862 | 9.1527 | 9.1869 | 9.2534 |
| Camarilla | 9.0908 | 9.1000 | 9.1093 | 9.1185 | 9.1277 | 9.1370 | 9.1462 |
| Woodie | 8.9675 | 8.9936 | 9.0682 | 9.0943 | 9.1689 | 9.1950 | 9.2696 |
| Fibonacci | 8.9855 | 9.0240 | 9.0477 | 9.0862 | 9.1247 | 9.1484 | 9.1869 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.8015 | 8.9131 | 8.9690 | 9.0806 | 9.1365 | 9.2481 | 9.3040 |
| Camarilla | 8.9787 | 8.9941 | 9.0095 | 9.0248 | 9.0402 | 9.0555 | 9.0709 |
| Woodie | 8.7736 | 8.8992 | 8.9411 | 9.0667 | 9.1086 | 9.2342 | 9.2761 |
| Fibonacci | 8.9131 | 8.9771 | 9.0167 | 9.0806 | 9.1446 | 9.1842 | 9.2481 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.7817 | 8.9033 | 8.9640 | 9.0856 | 9.1463 | 9.2679 | 9.3286 |
| Camarilla | 8.9747 | 8.9914 | 9.0081 | 9.0248 | 9.0415 | 9.0582 | 9.0749 |
| Woodie | 8.7514 | 8.8881 | 8.9337 | 9.0704 | 9.1160 | 9.2527 | 9.2983 |
| Fibonacci | 8.9033 | 8.9729 | 9.0159 | 9.0856 | 9.1552 | 9.1982 | 9.2679 |
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): | 57.14 | |
| MACD (12,26,9): | 0.0087 | |
| Directional Movement: | 8.9787 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 9.0806 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.0212 | |
| Elder Ray (13): | 0.0106 | |
| Super Trend (3,10): | 9.1011 | |
| Zig ZAG (10): | 9.0863 | |
| VORTEX (21): | 1.0197 | |
| Stochastique (14,3,5): | 81.77 | |
| TEMA (21): | 9.0849 | |
| Williams %R (14): | -23.56 | |
| Chande Momentum Oscillator (20): | 0.0595 | |
| Repulse (5,40,3): | 0.0621 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0076 | |
| Courbe Coppock: | 0.87 |
| MA7: | 9.0776 | |
| MA20: | 9.1155 | |
| MA50: | 9.1287 | |
| MA100: | 9.0437 | |
| MAexp7: | 9.0830 | |
| MAexp20: | 9.0702 | |
| MAexp50: | 9.0601 | |
| MAexp100: | 9.0630 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | -0.29% | |
| Price / MA50: | -0.44% | |
| Price / MA100: | +0.50% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.32% | |
| Price / MAexp100: | +0.29% |
Quotes :
2020-11-04 18:40:19
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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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