EUR/HKD - Daily - Technical analysis published on 08/06/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 9.2074 HKD
My targets
9.0481 HKD (-0.1008)
8.9027 HKD (-0.2462)
My analysis
The bearish trend is currently very strong for EUR/HKD. As long as the price remains below the resistance at 9.2074 HKD, you could try to take advantage of the bearish rally. The first bearish objective is located at 9.0481 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.9027 HKD as an objective. Crossing it would then enable sellers to target 8.5429 HKD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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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 rating is 9.1489 HKD. The price registered a decrease of -0.58% on the session and was traded between 9.1441 HKD and 9.2031 HKD over the period. The price is currently at +0.05% from its lowest and -0.59% from its highest.9.1441
9.2031
9.1489
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/HKD:
Technical
Technical analysis of this Daily chart of EUR/HKD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.9027 | 9.0481 | 9.1454 | 9.1489 | 9.2074 | 9.2651 | 9.3638 |
| Change (%) | -2.69% | -1.10% | -0.04% | - | +0.64% | +1.27% | +2.35% |
| Change | -0.2462 | -0.1008 | -0.0035 | - | +0.0585 | +0.1162 | +0.2149 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Minor |
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 | 9.1716 | 9.1854 | 9.1938 | 9.2076 | 9.2160 | 9.2298 | 9.2382 |
| Camarilla | 9.1960 | 9.1980 | 9.2001 | 9.2021 | 9.2041 | 9.2062 | 9.2082 |
| Woodie | 9.1688 | 9.1841 | 9.1910 | 9.2063 | 9.2132 | 9.2285 | 9.2354 |
| Fibonacci | 9.1854 | 9.1939 | 9.1992 | 9.2076 | 9.2161 | 9.2214 | 9.2298 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0434 | 9.0919 | 9.1587 | 9.2072 | 9.2740 | 9.3225 | 9.3893 |
| Camarilla | 9.1938 | 9.2044 | 9.2149 | 9.2255 | 9.2361 | 9.2466 | 9.2572 |
| Woodie | 9.0526 | 9.0965 | 9.1679 | 9.2118 | 9.2832 | 9.3271 | 9.3985 |
| Fibonacci | 9.0919 | 9.1359 | 9.1632 | 9.2072 | 9.2512 | 9.2785 | 9.3225 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0284 | 9.0799 | 9.1527 | 9.2042 | 9.2770 | 9.3285 | 9.4013 |
| Camarilla | 9.1913 | 9.2027 | 9.2141 | 9.2255 | 9.2369 | 9.2483 | 9.2597 |
| Woodie | 9.0391 | 9.0852 | 9.1634 | 9.2095 | 9.2877 | 9.3338 | 9.4120 |
| Fibonacci | 9.0799 | 9.1274 | 9.1567 | 9.2042 | 9.2517 | 9.2810 | 9.3285 |
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): | 38.02 | |
| MACD (12,26,9): | -0.0130 | |
| Directional Movement: | -8.7003 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 9.1797 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.2557 | |
| Elder Ray (13): | -0.0407 | |
| Super Trend (3,10): | 9.2793 | |
| Zig ZAG (10): | 9.1527 | |
| VORTEX (21): | 1.0190 | |
| Stochastique (14,3,5): | 43.44 | |
| TEMA (21): | 9.1975 | |
| Williams %R (14): | -83.91 | |
| Chande Momentum Oscillator (20): | -0.0148 | |
| Repulse (5,40,3): | -0.5195 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.71 |
| MA7: | 9.2117 | |
| MA20: | 9.1878 | |
| MA50: | 9.2650 | |
| MA100: | 9.2982 | |
| MAexp7: | 9.1950 | |
| MAexp20: | 9.2026 | |
| MAexp50: | 9.2453 | |
| MAexp100: | 9.2803 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | -0.42% | |
| Price / MA50: | -1.25% | |
| Price / MA100: | -1.61% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -0.57% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -1.41% |
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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