EUR/HKD - 1H - Technical analysis published on 03/04/2020 (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:
Strongly bearish
De fond:
Neutral
Technical indicators
11%
78%
11%
My opinion
Bearish under 8.6651 HKD
My targets
8.6151 HKD (-0.0157)
8.5429 HKD (-0.0879)
My analysis
The current short-term bearish acceleration registered on EUR/HKD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 8.6651 HKD. Short-term sellers will use the support located at 8.6151 HKD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 8.5429 HKD. Crossing this support would then open the door for sellers to target 8.4621 HKD. Caution, if there is a return to below 8.6651 HKD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
3.2
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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 8.6308 HKD. The price registered an increase of -0.63% on the session and was traded between 8.6306 HKD and 8.6897 HKD over the period. The price is currently at +0.00% from its lowest and -0.68% from its highest.8.6306
8.6897
8.6308
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EUR/HKD in 1H shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.4621 | 8.5429 | 8.6151 | 8.6308 | 8.6651 | 8.6984 | 8.7392 |
| Change (%) | -1.95% | -1.02% | -0.18% | - | +0.40% | +0.78% | +1.26% |
| Change | -0.1687 | -0.0879 | -0.0157 | - | +0.0343 | +0.0676 | +0.1084 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.5553 | 8.5935 | 8.6396 | 8.6778 | 8.7239 | 8.7621 | 8.8082 |
| Camarilla | 8.6624 | 8.6701 | 8.6779 | 8.6856 | 8.6933 | 8.7011 | 8.7088 |
| Woodie | 8.5592 | 8.5955 | 8.6435 | 8.6798 | 8.7278 | 8.7641 | 8.8121 |
| Fibonacci | 8.5935 | 8.6257 | 8.6456 | 8.6778 | 8.7100 | 8.7299 | 8.7621 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2748 | 8.3466 | 8.4708 | 8.5426 | 8.6668 | 8.7386 | 8.8628 |
| Camarilla | 8.5411 | 8.5591 | 8.5770 | 8.5950 | 8.6130 | 8.6309 | 8.6489 |
| Woodie | 8.3010 | 8.3597 | 8.4970 | 8.5557 | 8.6930 | 8.7517 | 8.8890 |
| Fibonacci | 8.3466 | 8.4215 | 8.4677 | 8.5426 | 8.6175 | 8.6637 | 8.7386 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2069 | 8.2927 | 8.4439 | 8.5297 | 8.6809 | 8.7667 | 8.9179 |
| Camarilla | 8.5298 | 8.5516 | 8.5733 | 8.5950 | 8.6167 | 8.6385 | 8.6602 |
| Woodie | 8.2395 | 8.3091 | 8.4765 | 8.5461 | 8.7135 | 8.7831 | 8.9505 |
| Fibonacci | 8.2927 | 8.3833 | 8.4392 | 8.5297 | 8.6203 | 8.6762 | 8.7667 |
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): | 41.01 | |
| MACD (12,26,9): | -0.0039 | |
| Directional Movement: | -6.5039 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 8.6605 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.7103 | |
| Elder Ray (13): | -0.0182 | |
| Super Trend (3,10): | 8.6905 | |
| Zig ZAG (10): | 8.6433 | |
| VORTEX (21): | 0.9180 | |
| Stochastique (14,3,5): | 15.97 | |
| TEMA (21): | 8.6502 | |
| Williams %R (14): | -82.96 | |
| Chande Momentum Oscillator (20): | -0.0316 | |
| Repulse (5,40,3): | -0.2474 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0008 | |
| Courbe Coppock: | 0.60 |
| MA7: | 8.5888 | |
| MA20: | 8.4943 | |
| MA50: | 8.5791 | |
| MA100: | 8.6262 | |
| MAexp7: | 8.6503 | |
| MAexp20: | 8.6630 | |
| MAexp50: | 8.6546 | |
| MAexp100: | 8.6213 | |
| Price / MA7: | +0.49% | |
| Price / MA20: | +1.61% | |
| Price / MA50: | +0.60% | |
| Price / MA100: | +0.05% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | +0.11% |
This member declared not having a position on this financial instrument or a related financial instrument.
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