Londinia Opportunities Analyses - 04/22/2024 (GMT) EUR/HKD - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 8.3436 HKD
My targets
8.3711 HKD (+0.0176)
8.4024 HKD (+0.0489)
My analysis
EUR/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 8.3436 HKD. The next resistance located at 8.3711 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 8.4024 HKD. After this resistance, buyers could then target 8.4273 HKD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7
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Additional analysis
Quotes
EUR/HKD rating 8.3535 HKD. The price registered an increase of +0.10% on the session and was traded between 8.3251 HKD and 8.3583 HKD over the period. The price is currently at +0.34% from its lowest and -0.06% from its highest.8.3251
8.3583
8.3535
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/HKD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/HKD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.3072 | 8.3272 | 8.3436 | 8.3535 | 8.3711 | 8.4024 | 8.4273 |
| Change (%) | -0.55% | -0.31% | -0.12% | - | +0.21% | +0.59% | +0.88% |
| Change | -0.0463 | -0.0263 | -0.0099 | - | +0.0176 | +0.0489 | +0.0738 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2579 | 8.2826 | 8.3139 | 8.3386 | 8.3699 | 8.3946 | 8.4259 |
| Camarilla | 8.3298 | 8.3349 | 8.3401 | 8.3452 | 8.3503 | 8.3555 | 8.3606 |
| Woodie | 8.2612 | 8.2843 | 8.3172 | 8.3403 | 8.3732 | 8.3963 | 8.4292 |
| Fibonacci | 8.2826 | 8.3040 | 8.3172 | 8.3386 | 8.3600 | 8.3732 | 8.3946 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2325 | 8.2654 | 8.3053 | 8.3382 | 8.3781 | 8.4110 | 8.4509 |
| Camarilla | 8.3252 | 8.3319 | 8.3385 | 8.3452 | 8.3519 | 8.3586 | 8.3652 |
| Woodie | 8.2360 | 8.2672 | 8.3088 | 8.3400 | 8.3816 | 8.4128 | 8.4544 |
| Fibonacci | 8.2654 | 8.2932 | 8.3104 | 8.3382 | 8.3660 | 8.3832 | 8.4110 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2223 | 8.3244 | 8.3825 | 8.4846 | 8.5427 | 8.6448 | 8.7029 |
| Camarilla | 8.3965 | 8.4111 | 8.4258 | 8.4405 | 8.4552 | 8.4699 | 8.4846 |
| Woodie | 8.2002 | 8.3134 | 8.3604 | 8.4736 | 8.5206 | 8.6338 | 8.6808 |
| Fibonacci | 8.3244 | 8.3856 | 8.4234 | 8.4846 | 8.5458 | 8.5836 | 8.6448 |
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): | 56.80 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -0.1879 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 8.3459 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.3256 | |
| Elder Ray (13): | 0.0049 | |
| Super Trend (3,10): | 8.3316 | |
| Zig ZAG (10): | 8.3527 | |
| VORTEX (21): | 1.0278 | |
| Stochastique (14,3,5): | 74.35 | |
| TEMA (21): | 8.3451 | |
| Williams %R (14): | -16.51 | |
| Chande Momentum Oscillator (20): | -0.0023 | |
| Repulse (5,40,3): | 0.1196 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.17 |
| MA7: | 8.3374 | |
| MA20: | 8.4150 | |
| MA50: | 8.4580 | |
| MA100: | 8.4830 | |
| MAexp7: | 8.3462 | |
| MAexp20: | 8.3458 | |
| MAexp50: | 8.3449 | |
| MAexp100: | 8.3475 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | -0.73% | |
| Price / MA50: | -1.24% | |
| Price / MA100: | -1.53% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.07% |
Quotes :
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Real time data
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Forex