EUR/HKD - 1H - Technical analysis published on 12/05/2019 (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
Court terme:
Neutral
De fond:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 8.6327 HKD
My targets
8.7030 HKD (+0.0286)
8.7338 HKD (+0.0594)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/HKD. As long as you are above the support located at 8.6327 HKD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 8.7030 HKD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 8.7338 HKD as an objective. Crossing it would then enable buyers to target 8.8186 HKD. If the support 8.6327 HKD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.9
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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 8.6744 HKD. The price is lower by -0.02% since the last closing and was traded between 8.6742 HKD and 8.6799 HKD over the period. The price is currently at +0.00% from its lowest and -0.06% from its highest.8.6742
8.6799
8.6744
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/HKD:
Technical
Technical analysis of EUR/HKD in 1H shows an overall bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.6159 | 8.6327 | 8.6692 | 8.6744 | 8.6813 | 8.7030 | 8.7338 |
| Change (%) | -0.67% | -0.48% | -0.06% | - | +0.08% | +0.33% | +0.68% |
| Change | -0.0585 | -0.0417 | -0.0052 | - | +0.0069 | +0.0286 | +0.0594 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.6200 | 8.6419 | 8.6591 | 8.6810 | 8.6982 | 8.7201 | 8.7373 |
| Camarilla | 8.6655 | 8.6690 | 8.6726 | 8.6762 | 8.6798 | 8.6834 | 8.6870 |
| Woodie | 8.6176 | 8.6407 | 8.6567 | 8.6798 | 8.6958 | 8.7189 | 8.7349 |
| Fibonacci | 8.6419 | 8.6569 | 8.6661 | 8.6810 | 8.6960 | 8.7052 | 8.7201 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5639 | 8.5795 | 8.6034 | 8.6190 | 8.6429 | 8.6585 | 8.6824 |
| Camarilla | 8.6164 | 8.6201 | 8.6237 | 8.6273 | 8.6309 | 8.6345 | 8.6382 |
| Woodie | 8.5681 | 8.5816 | 8.6076 | 8.6211 | 8.6471 | 8.6606 | 8.6866 |
| Fibonacci | 8.5795 | 8.5946 | 8.6039 | 8.6190 | 8.6341 | 8.6434 | 8.6585 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.3980 | 8.4966 | 8.5619 | 8.6605 | 8.7258 | 8.8244 | 8.8897 |
| Camarilla | 8.5822 | 8.5973 | 8.6123 | 8.6273 | 8.6423 | 8.6574 | 8.6724 |
| Woodie | 8.3815 | 8.4883 | 8.5454 | 8.6522 | 8.7093 | 8.8161 | 8.8732 |
| Fibonacci | 8.4966 | 8.5592 | 8.5979 | 8.6605 | 8.7231 | 8.7618 | 8.8244 |
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): | 51.46 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 3.0034 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 8.6768 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.6874 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 8.6683 | |
| Zig ZAG (10): | 8.6769 | |
| VORTEX (21): | 1.0456 | |
| Stochastique (14,3,5): | 69.76 | |
| TEMA (21): | 8.6755 | |
| Williams %R (14): | -36.91 | |
| Chande Momentum Oscillator (20): | 0.0053 | |
| Repulse (5,40,3): | -0.0051 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0011 | |
| Courbe Coppock: | 0.00 |
| MA7: | 8.6515 | |
| MA20: | 8.6436 | |
| MA50: | 8.6583 | |
| MA100: | 8.6733 | |
| MAexp7: | 8.6761 | |
| MAexp20: | 8.6756 | |
| MAexp50: | 8.6710 | |
| MAexp100: | 8.6605 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +0.36% | |
| Price / MA50: | +0.19% | |
| Price / MA100: | +0.01% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.16% |
This member declared not having a position on this financial instrument or a related financial instrument.
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