GBP/HKD - 1H - Technical analysis published on 11/10/2020 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 10.185 HKD
My targets
10.237 HKD (+0.027)
10.288 HKD (+0.078)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/HKD as long as the price remains well above 10.185 HKD. The buyers” bullish objective is set at 10.237 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.288 HKD. If there is any crossing, the next objective would be the resistance located at 10.385 HKD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
6.4
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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
The GBP/HKD price is 10.210 HKD. On the day, this instrument gained +0.01% and was between 10.200 HKD and 10.233 HKD. This implies that the price is at +0.10% from its lowest and at -0.22% from its highest.10.200
10.233
10.210
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/HKD in 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
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
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 10.012 | 10.070 | 10.185 | 10.210 | 10.216 | 10.237 | 10.385 |
| Change (%) | -1.94% | -1.37% | -0.24% | - | +0.06% | +0.26% | +1.71% |
| Change | -0.198 | -0.140 | -0.025 | - | +0.006 | +0.027 | +0.175 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.107 | 10.139 | 10.174 | 10.206 | 10.241 | 10.273 | 10.308 |
| Camarilla | 10.191 | 10.197 | 10.203 | 10.209 | 10.215 | 10.221 | 10.227 |
| Woodie | 10.109 | 10.140 | 10.176 | 10.207 | 10.243 | 10.274 | 10.310 |
| Fibonacci | 10.139 | 10.165 | 10.180 | 10.206 | 10.232 | 10.247 | 10.273 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.788 | 9.877 | 10.038 | 10.127 | 10.288 | 10.377 | 10.538 |
| Camarilla | 10.129 | 10.152 | 10.175 | 10.198 | 10.221 | 10.244 | 10.267 |
| Woodie | 9.823 | 9.895 | 10.073 | 10.145 | 10.323 | 10.395 | 10.573 |
| Fibonacci | 9.877 | 9.973 | 10.032 | 10.127 | 10.223 | 10.282 | 10.377 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.634 | 9.785 | 9.909 | 10.060 | 10.184 | 10.335 | 10.459 |
| Camarilla | 9.957 | 9.983 | 10.008 | 10.033 | 10.058 | 10.083 | 10.109 |
| Woodie | 9.621 | 9.778 | 9.896 | 10.053 | 10.171 | 10.328 | 10.446 |
| Fibonacci | 9.785 | 9.890 | 9.955 | 10.060 | 10.165 | 10.230 | 10.335 |
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): | 55.33 | |
| MACD (12,26,9): | 0.0060 | |
| Directional Movement: | 9.093 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 10.220 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.177 | |
| Elder Ray (13): | 0.008 | |
| Super Trend (3,10): | 10.242 | |
| Zig ZAG (10): | 10.223 | |
| VORTEX (21): | 1.0930 | |
| Stochastique (14,3,5): | 79.40 | |
| TEMA (21): | 10.219 | |
| Williams %R (14): | -38.98 | |
| Chande Momentum Oscillator (20): | 0.002 | |
| Repulse (5,40,3): | -0.1840 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 0.41 |
| MA7: | 10.150 | |
| MA20: | 10.098 | |
| MA50: | 10.057 | |
| MA100: | 10.012 | |
| MAexp7: | 10.218 | |
| MAexp20: | 10.212 | |
| MAexp50: | 10.197 | |
| MAexp100: | 10.167 | |
| Price / MA7: | +0.59% | |
| Price / MA20: | +1.11% | |
| Price / MA50: | +1.52% | |
| Price / MA100: | +1.98% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.42% |
Quotes :
2020-11-10 07:55:04
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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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