| Level | Rationale | Indicator | 4H | 1D | 1W | |||
| R4 | 8.5958 | Monthly R1 | MACD (12; 26; 9) | Buy | Buy | Buy | ||
| R3 | 8.5781/96 | Upper Bollinger Band; Weekly R2 | RSI (14) | Neutral | Neutral | Neutral | ||
| R2 | 8.5287 | Weekly R1 | Stochastic (5; 3; 3) | Neutral | Sell | Sell | ||
| R1 | 8.5190 | Channel Upper-trend line | ADX (14) | Neutral | Neutral | Neutral | ||
| S1 | 8.4717 | Weekly PP | CCI (14) | Buy | Neutral | Sell | ||
| S2 | 8.4208 | Weekly S1 | AROON (14) | Buy | Buy | Buy | ||
| S3 | 8.4090/46 | 200-day SMA; Monthly PP | Alligator (13; 8; 5) | Neutral | Buy | Neutral | ||
| S4 | 8.3719 | Bottom Bollinger Band | SAR (0.02; 0.2) | Sell | Buy | Buy | ||
| Aggregate | ↗ | ↗ | → |
Note: This section contains information in English only.
The common European currency continues to trade against the Hong Kong Dollar in the long-term ascending channel, which has not yet showed any signs of weakness. During last week, the pair has been fluctuating between the upper trend-line around 8.5079 and the weekly Pivot Point at 8.4717, trying to resume its downward movement to the 200-day SMA located at the 8.4106 level. It is most likely that the rate will remain above the support line next week as well, amid markets' reaction to the second round of French Presidential election, which will take place on May 7.
Thu, 04 May 2017 10:05:25 GMT
Source: Dukascopy Bank SA