EUR/HKD - Daily - Technical analysis published on 08/30/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 9.2632 HKD
My targets
9.1154 HKD (-0.0727)
9.0481 HKD (-0.1400)
My analysis
The basic trend is bearish on EUR/HKD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 9.2632 HKD. Buyers would then use the next resistance located at 9.3638 HKD as an objective. Crossing it would then enable buyers to target 9.4375 HKD. If there is a return to below the support located at 9.1154 HKD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 9.0481 HKD and 8.9027 HKD by extension.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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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 9.1881 HKD. The price has increased by +0.02% since the last closing and was between 9.1815 HKD and 9.1986 HKD. This implies that the price is at +0.07% from its lowest and at -0.11% from its highest.9.1815
9.1986
9.1881
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this EUR/HKD chart shows a bearish trend. The signals given by moving averages are at 71.43% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
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 a result that can have an impact on the price change:
Near resistance of channel
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 | 9.1154 | 9.1881 | 9.2632 | 9.3638 | 9.4375 |
| Change (%) | -3.11% | -1.52% | -0.79% | - | +0.82% | +1.91% | +2.71% |
| Change | -0.2854 | -0.1400 | -0.0727 | - | +0.0751 | +0.1757 | +0.2494 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.1055 | 9.1243 | 9.1554 | 9.1742 | 9.2053 | 9.2241 | 9.2552 |
| Camarilla | 9.1728 | 9.1774 | 9.1819 | 9.1865 | 9.1911 | 9.1957 | 9.2002 |
| Woodie | 9.1117 | 9.1274 | 9.1616 | 9.1773 | 9.2115 | 9.2272 | 9.2614 |
| Fibonacci | 9.1243 | 9.1434 | 9.1551 | 9.1742 | 9.1933 | 9.2050 | 9.2241 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.0488 | 9.0790 | 9.1327 | 9.1629 | 9.2166 | 9.2468 | 9.3005 |
| Camarilla | 9.1634 | 9.1711 | 9.1788 | 9.1865 | 9.1942 | 9.2019 | 9.2096 |
| Woodie | 9.0607 | 9.0849 | 9.1446 | 9.1688 | 9.2285 | 9.2527 | 9.3124 |
| Fibonacci | 9.0790 | 9.1110 | 9.1308 | 9.1629 | 9.1949 | 9.2147 | 9.2468 |
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): | 54.14 | |
| MACD (12,26,9): | -0.0084 | |
| Directional Movement: | 1.7900 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 9.1451 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.1044 | |
| Elder Ray (13): | 0.0316 | |
| Super Trend (3,10): | 9.2186 | |
| Zig ZAG (10): | 9.1854 | |
| VORTEX (21): | 0.9623 | |
| Stochastique (14,3,5): | 83.42 | |
| TEMA (21): | 9.1600 | |
| Williams %R (14): | -8.27 | |
| Chande Momentum Oscillator (20): | 0.0576 | |
| Repulse (5,40,3): | 0.4478 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0263 | |
| Courbe Coppock: | 0.16 |
| MA7: | 9.1582 | |
| MA20: | 9.1549 | |
| MA50: | 9.1845 | |
| MA100: | 9.2905 | |
| MAexp7: | 9.1641 | |
| MAexp20: | 9.1614 | |
| MAexp50: | 9.1988 | |
| MAexp100: | 9.2434 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +0.36% | |
| Price / MA50: | +0.04% | |
| Price / MA100: | -1.10% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.29% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.60% |
Quotes :
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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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