GBP/HKD - 1H - Technical analysis published on 06/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
94%
0%
6%
My opinion
Bullish above 9.560 HKD
My targets
9.653 HKD (+0.010)
9.731 HKD (+0.088)
My analysis
The current short-term bullish acceleration on GBP/HKD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 9.560 HKD. Short-term buyers will use the resistance located at 9.653 HKD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 9.731 HKD. Crossing this resistance would then open the door for buyers to target 9.772 HKD. Caution, if there is a return to under 9.560 HKD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
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
4.1
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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 9.643 HKD. On the day, this instrument gained +0.76% and was traded between 9.561 HKD and 9.653 HKD over the period. The price is currently at +0.86% from its lowest and -0.10% from its highest.9.561
9.653
9.643
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/HKD:
Technical
Technical analysis of GBP/HKD in 1H shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
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 under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.919 | 9.369 | 9.537 | 9.643 | 9.653 | 9.731 | 9.772 |
| Change (%) | -7.51% | -2.84% | -1.10% | - | +0.10% | +0.91% | +1.34% |
| Change | -0.724 | -0.274 | -0.106 | - | +0.010 | +0.088 | +0.129 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.454 | 9.511 | 9.540 | 9.597 | 9.626 | 9.683 | 9.712 |
| Camarilla | 9.546 | 9.554 | 9.562 | 9.570 | 9.578 | 9.586 | 9.594 |
| Woodie | 9.441 | 9.504 | 9.527 | 9.590 | 9.613 | 9.676 | 9.699 |
| Fibonacci | 9.511 | 9.544 | 9.564 | 9.597 | 9.630 | 9.650 | 9.683 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.214 | 9.391 | 9.480 | 9.657 | 9.746 | 9.923 | 10.012 |
| Camarilla | 9.497 | 9.521 | 9.546 | 9.570 | 9.594 | 9.619 | 9.643 |
| Woodie | 9.171 | 9.369 | 9.437 | 9.635 | 9.703 | 9.901 | 9.969 |
| Fibonacci | 9.391 | 9.492 | 9.555 | 9.657 | 9.758 | 9.821 | 9.923 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.969 | 9.161 | 9.368 | 9.560 | 9.767 | 9.959 | 10.166 |
| Camarilla | 9.464 | 9.501 | 9.537 | 9.574 | 9.611 | 9.647 | 9.684 |
| Woodie | 8.976 | 9.165 | 9.375 | 9.564 | 9.774 | 9.963 | 10.173 |
| Fibonacci | 9.161 | 9.314 | 9.408 | 9.560 | 9.713 | 9.807 | 9.959 |
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): | 64.81 | |
| MACD (12,26,9): | 0.0090 | |
| Directional Movement: | 13.705 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 9.619 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.596 | |
| Elder Ray (13): | 0.030 | |
| Super Trend (3,10): | 9.591 | |
| Zig ZAG (10): | 9.644 | |
| VORTEX (21): | 1.1960 | |
| Stochastique (14,3,5): | 93.11 | |
| TEMA (21): | 9.636 | |
| Williams %R (14): | -12.50 | |
| Chande Momentum Oscillator (20): | 0.057 | |
| Repulse (5,40,3): | 0.2120 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 1.02 |
| MA7: | 9.691 | |
| MA20: | 9.706 | |
| MA50: | 9.630 | |
| MA100: | 9.703 | |
| MAexp7: | 9.628 | |
| MAexp20: | 9.612 | |
| MAexp50: | 9.622 | |
| MAexp100: | 9.656 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -0.65% | |
| Price / MA50: | +0.13% | |
| Price / MA100: | -0.62% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | -0.13% |
Quotes :
2020-06-22 15:33:34
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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