GBP/HKD - 1H - Technical analysis published on 04/13/2020 (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 bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 9.667 HKD
My targets
9.765 HKD (+0.057)
9.837 HKD (+0.129)
My analysis
GBP/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 9.667 HKD. The next resistance located at 9.765 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 9.837 HKD. After this resistance, buyers could then target 10.006 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.8
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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
GBP/HKD rating 9.708 HKD. The price registered an increase of +0.55% on the session and was between 9.648 HKD and 9.716 HKD. This implies that the price is at +0.62% from its lowest and at -0.08% from its highest.9.648
9.716
9.708
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/HKD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/HKD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.557 | 9.627 | 9.667 | 9.708 | 9.765 | 10.006 | 10.185 |
| Change (%) | -1.56% | -0.83% | -0.42% | - | +0.59% | +3.07% | +4.91% |
| Change | -0.151 | -0.081 | -0.041 | - | +0.057 | +0.298 | +0.477 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.612 | 9.631 | 9.643 | 9.662 | 9.674 | 9.693 | 9.705 |
| Camarilla | 9.647 | 9.649 | 9.652 | 9.655 | 9.658 | 9.661 | 9.664 |
| Woodie | 9.609 | 9.629 | 9.640 | 9.660 | 9.671 | 9.691 | 9.702 |
| Fibonacci | 9.631 | 9.643 | 9.650 | 9.662 | 9.674 | 9.681 | 9.693 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.252 | 9.343 | 9.499 | 9.590 | 9.746 | 9.837 | 9.993 |
| Camarilla | 9.587 | 9.610 | 9.632 | 9.655 | 9.678 | 9.700 | 9.723 |
| Woodie | 9.285 | 9.359 | 9.532 | 9.606 | 9.779 | 9.853 | 10.026 |
| Fibonacci | 9.343 | 9.437 | 9.496 | 9.590 | 9.684 | 9.743 | 9.837 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.494 | 8.175 | 8.896 | 9.577 | 10.298 | 10.979 | 11.700 |
| Camarilla | 9.233 | 9.361 | 9.490 | 9.618 | 9.747 | 9.875 | 10.004 |
| Woodie | 7.515 | 8.185 | 8.917 | 9.587 | 10.319 | 10.989 | 11.721 |
| Fibonacci | 8.175 | 8.710 | 9.041 | 9.577 | 10.112 | 10.443 | 10.979 |
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): | 61.47 | |
| MACD (12,26,9): | 0.0090 | |
| Directional Movement: | 16.880 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 9.696 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.680 | |
| Elder Ray (13): | 0.015 | |
| Super Trend (3,10): | 9.663 | |
| Zig ZAG (10): | 9.708 | |
| VORTEX (21): | 1.1430 | |
| Stochastique (14,3,5): | 72.63 | |
| TEMA (21): | 9.698 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.035 | |
| Repulse (5,40,3): | 0.1560 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.63 |
| MA7: | 9.596 | |
| MA20: | 9.419 | |
| MA50: | 9.776 | |
| MA100: | 9.983 | |
| MAexp7: | 9.694 | |
| MAexp20: | 9.684 | |
| MAexp50: | 9.667 | |
| MAexp100: | 9.640 | |
| Price / MA7: | +1.17% | |
| Price / MA20: | +3.07% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | -2.75% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +0.71% |
This member declared not having a position on this financial instrument or a related financial instrument.
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