Essayer la démo Ouvrir un compte
Trading
CFD
Binaires
Crypto
Banque
B2B
Marchés
À propos
Essayer la démo Ouvrir un compte

EUR/HKD 1H Chart: Short-term decline expected

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇘⇘

[ANNOUNCE] The Euro has been depreciating against the Hong Kong Dollar since the beginning of August when the EUR/HKD currency pair reversed south from the resistance level—the monthly R1 at 8.8219. Currently, the pair is testin the support level—the weekly S1 at 8.6892. [/ANNOUNCE] 

Note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, it is likely that some downside potential could prevail in the market. The rate could reach the lower boundary of the long-term descending channel in the 8.6000/8.6500 range. 

If the given channel hold, it is likely that a reversal north could follow. Otherwise, it is expected that the pair could reach the monthly S2 at the 8.5114 mark.

Back to articles

Actual Topics

29 Aug 2019

HKD/JPY 1H Chart: Falling wedge pattern in sight

Indicator4H1D1W MACD(12;26;9)SellSellSell RSI(14)NeutralNeutralBuy Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)NeutralSellSell SAR(0.02;0.2)BuySellSell Aggregate⇒⇘⇘ [ANNOUNCE] On August 1, the HKD/JPY currency pair reversed south from the upper boundary of the falling wedge pattern at 13.96. The rate has been testing the lower wedge line at 13.40 since the middle of August. [/ANNOUNCE] From a theoretical point of view, it is likely that the exchange rate could trade upwards, as

29 Aug 2019

EUR/CHF 4H Chart: Decline likely to continue

Indicator4H1D1W MACD(12;26;9)SellSellSell RSI(14)NeutralNeutralBuy Stochastic(5;3;3)BuyNeutralBuy Alligator(13;8;5)SellSellSell SAR(0.02;0.2)SellBuySell Aggregate⇘⇒⇒ [ANNOUNCE]The EUR/CHF currency pair has been trading in a horizontal line since August 14. The pair, however, breached the 50– and 100– hour SMAs during last week's trading sessions.[/ANNOUNCE]As for the near future, the common European currency will most likely continue to maintain the descending channel pattern. The potential target for the pair

29 Aug 2019

AUD/CAD 4H Chart: Sell signals

Indicator4H1D1W MACD(12;26;9)SellSellSell RSI(14)NeutralNeutralBuy Stochastic(5;3;3)NeutralNeutralNeutral Alligator(13;8;5)SellSellSell SAR(0.02;0.2)SellSellSell Aggregate⇘⇘⇘ [ANNOUNCE]The Australian Dollar has depreciated about 1.10% in value against the Canadian Dollar since the past two weeks. The decline was stopped by a support cluster formed by the weekly S1 and the monthly S1 at 0.8943.[/ANNOUNCE]If the support cluster holds, a surge towards the upper boundary of a descending channel pattern at 0.9112