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GBP/HKD
GBP HKD
- HKD (-)
- Real time data - Forex
Open: -
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Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPHKD
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GBP/HKD - 1H - Technical analysis published on 05/18/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 9.369 HKD
My targets
9.474 HKD (+0.021)
9.537 HKD (+0.084)
My analysis
The strong short-term increase in GBP/HKD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 9.369 HKD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 9.474 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.537 HKD as an objective. Crossing it would then enable buyers to target 9.593 HKD. Caution, a return under 9.369 HKD could jeopardize the reversal.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
3.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/HKD rating 9.453 HKD. The price registered a decrease of +0.70% on the session and was traded between 9.354 HKD and 9.458 HKD over the period. The price is currently at +1.06% from its lowest and -0.05% from its highest.

9.354
9.458
9.453

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/HKD in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

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
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 8.919 9.369 9.453 9.474 9.537 9.593
Change (%) -5.65% -0.89% - +0.22% +0.89% +1.48%
Change -0.534 -0.084 - +0.021 +0.084 +0.140
Level Intermediate Major - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.2429.3109.3499.4179.4569.5249.563
Camarilla9.3589.3679.3779.3879.3979.4079.416
Woodie9.2279.3039.3349.4109.4419.5179.548
Fibonacci9.3109.3519.3779.4179.4589.4849.524


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.0369.2089.2979.4699.5589.7309.819
Camarilla9.3159.3399.3639.3879.4119.4359.459
Woodie8.9969.1879.2579.4489.5189.7099.779
Fibonacci9.2089.3079.3699.4699.5689.6309.730


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.1559.2959.5239.6639.89110.03110.259
Camarilla9.6519.6859.7189.7529.7869.8209.853
Woodie9.2009.3179.5689.6859.93610.05310.304
Fibonacci9.2959.4359.5229.6639.8039.89010.031

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): 63.38
MACD (12,26,9): -0.0010
Directional Movement: 9.278
AROON (14): 92.857
DEMA (21): 9.395
Parabolic SAR (0,02-0,02-0,2): 9.390
Elder Ray (13): 0.028
Super Trend (3,10): 9.383
Zig ZAG (10): 9.431
VORTEX (21): 1.1390
Stochastique (14,3,5): 93.85
TEMA (21): 9.410
Williams %R (14): -5.88
Chande Momentum Oscillator (20): 0.044
Repulse (5,40,3): 0.2390
ROCnROLL: 1
TRIX (15,9): -0.0160
Courbe Coppock: 0.68
MA7: 9.495
MA20: 9.575
MA50: 9.545
MA100: 9.832
MAexp7: 9.413
MAexp20: 9.398
MAexp50: 9.421
MAexp100: 9.458
Price / MA7: -0.44%
Price / MA20: -1.27%
Price / MA50: -0.96%
Price / MA100: -3.85%
Price / MAexp7: +0.42%
Price / MAexp20: +0.59%
Price / MAexp50: +0.34%
Price / MAexp100: -0.05%

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
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