EUR/HKD - 1H - Technical analysis published on 06/25/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 9.2551 HKD
My targets
9.3223 HKD (+0.0387)
9.3618 HKD (+0.0782)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/HKD as long as the price remains well above 9.2551 HKD. The buyers' bullish objective is set at 9.3223 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.3618 HKD. If there is any crossing, the next objective would be the resistance located at 9.4176 HKD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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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 price is 9.2836 HKD. On the day, this instrument gained +0.26% and was traded between 9.2583 HKD and 9.2943 HKD over the period. The price is currently at +0.27% from its lowest and -0.12% from its highest.9.2583
9.2943
9.2836
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EUR/HKD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
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:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 9.2264 | 9.2551 | 9.2831 | 9.2836 | 9.3223 | 9.3618 | 9.4176 |
| Change (%) | -0.62% | -0.31% | -0.01% | - | +0.42% | +0.84% | +1.44% |
| Change | -0.0572 | -0.0285 | -0.0005 | - | +0.0387 | +0.0782 | +0.1340 |
| Level | Minor | Major | Major | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2188 | 9.2364 | 9.2480 | 9.2656 | 9.2772 | 9.2948 | 9.3064 |
| Camarilla | 9.2517 | 9.2544 | 9.2570 | 9.2597 | 9.2624 | 9.2651 | 9.2677 |
| Woodie | 9.2159 | 9.2349 | 9.2451 | 9.2641 | 9.2743 | 9.2933 | 9.3035 |
| Fibonacci | 9.2364 | 9.2475 | 9.2544 | 9.2656 | 9.2767 | 9.2836 | 9.2948 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.8965 | 9.0469 | 9.1277 | 9.2781 | 9.3589 | 9.5093 | 9.5901 |
| Camarilla | 9.1448 | 9.1660 | 9.1872 | 9.2084 | 9.2296 | 9.2508 | 9.2720 |
| Woodie | 8.8616 | 9.0295 | 9.0928 | 9.2607 | 9.3240 | 9.4919 | 9.5552 |
| Fibonacci | 9.0469 | 9.1353 | 9.1898 | 9.2781 | 9.3665 | 9.4210 | 9.5093 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.1526 | 9.2318 | 9.3630 | 9.4422 | 9.5734 | 9.6526 | 9.7838 |
| Camarilla | 9.4363 | 9.4556 | 9.4749 | 9.4942 | 9.5135 | 9.5328 | 9.5521 |
| Woodie | 9.1786 | 9.2448 | 9.3890 | 9.4552 | 9.5994 | 9.6656 | 9.8098 |
| Fibonacci | 9.2318 | 9.3122 | 9.3618 | 9.4422 | 9.5226 | 9.5722 | 9.6526 |
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): | 60.25 | |
| MACD (12,26,9): | 0.0046 | |
| Directional Movement: | 20.1147 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 9.2774 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.2599 | |
| Elder Ray (13): | 0.0123 | |
| Super Trend (3,10): | 9.2603 | |
| Zig ZAG (10): | 9.2897 | |
| VORTEX (21): | 1.1678 | |
| Stochastique (14,3,5): | 75.23 | |
| TEMA (21): | 9.2775 | |
| Williams %R (14): | -2.23 | |
| Chande Momentum Oscillator (20): | 0.0207 | |
| Repulse (5,40,3): | 0.2126 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0026 | |
| Courbe Coppock: | 0.28 |
| MA7: | 9.2558 | |
| MA20: | 9.3705 | |
| MA50: | 9.3939 | |
| MA100: | 9.3406 | |
| MAexp7: | 9.2808 | |
| MAexp20: | 9.2725 | |
| MAexp50: | 9.2677 | |
| MAexp100: | 9.2684 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | -1.17% | |
| Price / MA100: | -0.61% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.16% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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