EUR/HKD
EUR HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURHKD
ISIN:

EUR/HKD - 1H - Technical analysis published on 02/03/2020 (GMT)

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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
17%
50%
33%
My opinion
Bullish above 8.5733 HKD
My targets
8.6162 HKD (+0.0199)
8.6337 HKD (+0.0374)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 8.5733 HKD remains possible. It is advisable to trade EUR/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 8.5733 HKD. The next bullish objective for buyers is set at 8.6162 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.6337 HKD. If there is any crossing, the next objective would be the resistance located at 8.6682 HKD. PS: if there is a bearish break in the support located at 8.5733 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
FORCE
0
10
1.4

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/HKD rating 8.5963 HKD. The price has increased by -0.21% since the last closing and was between 8.5893 HKD and 8.6156 HKD. This implies that the price is at +0.08% from its lowest and at -0.22% from its highest.

8.5893
8.6156
8.5963

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.5429 8.5578 8.5733 8.5963 8.6046 8.6162 8.6337
Change (%) -0.62% -0.45% -0.27% - +0.10% +0.23% +0.44%
Change -0.0534 -0.0385 -0.0230 - +0.0083 +0.0199 +0.0374
Level Major Minor Major - Minor Minor Major



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
Standard8.51768.53778.57608.59618.63448.65458.6928
Camarilla8.59828.60368.60908.61438.61978.62508.6304
Woodie8.52678.54238.58518.60078.64358.65918.7019
Fibonacci8.53778.56008.57388.59618.61848.63228.6545


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.49348.51848.56638.59138.63928.66428.7121
Camarilla8.59438.60098.60768.61438.62108.62778.6344
Woodie8.50508.52418.57798.59708.65088.66998.7237
Fibonacci8.51848.54628.56348.59138.61918.63638.6642


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.31858.43098.52268.63508.72678.83918.9308
Camarilla8.55828.57698.59568.61438.63308.65178.6704
Woodie8.30828.42578.51238.62988.71648.83398.9205
Fibonacci8.43098.50898.55708.63508.71308.76118.8391

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): 48.70
MACD (12,26,9): 0.0042
Directional Movement: -5.1357
AROON (14): -92.8571
DEMA (21): 8.6083
Parabolic SAR (0,02-0,02-0,2): 8.6094
Elder Ray (13): -0.0040
Super Trend (3,10): 8.5896
Zig ZAG (10): 8.5968
VORTEX (21): 1.0976
Stochastique (14,3,5): 23.06
TEMA (21): 8.6050
Williams %R (14): -73.38
Chande Momentum Oscillator (20): -0.0116
Repulse (5,40,3): -0.0536
ROCnROLL: -1
TRIX (15,9): 0.0132
Courbe Coppock: 0.18
MA7: 8.5784
MA20: 8.6163
MA50: 8.6500
MA100: 8.6521
MAexp7: 8.6014
MAexp20: 8.6007
MAexp50: 8.5892
MAexp100: 8.5817
Price / MA7: +0.21%
Price / MA20: -0.23%
Price / MA50: -0.62%
Price / MA100: -0.64%
Price / MAexp7: -0.06%
Price / MAexp20: -0.05%
Price / MAexp50: +0.08%
Price / MAexp100: +0.17%

This member declared not having a position on this financial instrument or a related financial instrument.

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