GER ยท ETF ยท ENHANCED MARKET DYNAMICS

HEUR

HSBC Euro Liquidity Fund UCITS ETF EUR Acc

DE

EMD SCORE81/100

CURRENT COMPLETED-WEEK READ

Strongly constructive

The latest completed-week readings are broadly supportive. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build100% directional agreement89% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 101.63
Evidence
30 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

5 supportive ยท 0 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
6 Feb 2026โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท EUR +100+500-50-100 102.14101.0399.93 6 Feb 2026 ยท EMD 48/100 ยท close 100.44 13 Feb 2026 ยท EMD 46/100 ยท close 100.46 20 Feb 2026 ยท EMD 45/100 ยท close 100.51 27 Feb 2026 ยท EMD 49/100 ยท close 100.55 6 Mar 2026 ยท EMD 46/100 ยท close 100.58 13 Mar 2026 ยท EMD 53/100 ยท close 100.64 20 Mar 2026 ยท EMD 52/100 ยท close 100.67 27 Mar 2026 ยท EMD 48/100 ยท close 100.71 3 Apr 2026 ยท EMD 49/100 ยท close 100.74 10 Apr 2026 ยท EMD 49/100 ยท close 100.79 17 Apr 2026 ยท EMD 48/100 ยท close 100.82 24 Apr 2026 ยท EMD 49/100 ยท close 100.86 1 May 2026 ยท EMD 48/100 ยท close 100.89 8 May 2026 ยท EMD 53/100 ยท close 100.95 15 May 2026 ยท EMD 50/100 ยท close 100.98 22 May 2026 ยท EMD 52/100 ยท close 101.02 29 May 2026 ยท EMD 56/100 ยท close 101.06 5 Jun 2026 ยท EMD 49/100 ยท close 101.10 12 Jun 2026 ยท EMD 49/100 ยท close 101.14 19 Jun 2026 ยท EMD 43/100 ยท close 101.18 26 Jun 2026 ยท EMD 58/100 ยท close 101.22 3 Jul 2026 ยท EMD 53/100 ยท close 101.27 10 Jul 2026 ยท EMD 49/100 ยท close 101.31 17 Jul 2026 ยท EMD 56/100 ยท close 101.36 24 Jul 2026 ยท EMD 50/100 ยท close 101.40 31 Jul 2026 ยท EMD 58/100 ยท close 101.45 7 Aug 2026 ยท EMD 53/100 ยท close 101.49 14 Aug 2026 ยท EMD 52/100 ยท close 101.53 21 Aug 2026 ยท EMD 62/100 ยท close 101.58 28 Aug 2026 ยท EMD 81/100 ยท close 101.63 6 Feb 202622 May 202628 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 95%Current EMD +62.64-week EMD change +47.5156-week price range EUR 100.44โ€“101.63

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Each state uses completed-week information available at that point.

01

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

02

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

03

Upper zone

Price establishes residence near the top of its long-cycle range. This is the profit-harvest area, with EMD watched for exhaustion and loss of support.

04

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS

What the latest week shows

Completed-week values

01

Underlying pressure

100/1007.57

Strengthening beneath price
4-week change +7.57

02

Trend and deviation

70/100+0.6% vs Trend Line

Price structure supports the trend
Trend gate active

03

Momentum and SMI

63/1004w +0.2% ยท 13w +0.6%

Momentum is supportive
SMI 0.69

04

Price-volume pressure

88/10088% constructive pressure

Volume is confirming the close
Volume ratio 2.15x

05

Modeled Trend

85/100Modeled Trend 0.65

Modeled Trend is supportive
Smoothed Modeled Trend 0.68

Evidence context