GBP/HKD
GBP HKD
20,995.95 HKD (+0.03%)
01/21/2025 - 14:41 Open Real time data - Forex
Open: 20,925.75
Change: +5.64
Volume: 118,788
Low: 20,922.80
High: 21,017.83
High / Low range: 95.03
Type: Forex
Ticker: GBPHKD
ISIN:

GBP/HKD - Daily - Technical analysis published on 09/07/2023 (GMT)

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  • 09/07/2023 - 03:35
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  • Timeframe : Daily
  • - Analysis generated on 09/07/2023 - 03:35
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 9.919 HKD
My targets
9.648 HKD (-0.153)
9.555 HKD (-0.246)
My analysis
In the short term, we can see an acceleration in the bearish trend on GBP/HKD, which is a positive signal for sellers. As long as the price remains above 9.919 HKD, a sale could be considered. The first bearish objective is located at 9.648 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.555 HKD as an objective. Crossing it would then enable sellers to target 9.434 HKD. If the price were to return above 9.919 HKD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.4

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

GBP/HKD rating 9.801 HKD. The price is lower by -0.01% since the last closing and was between 9.791 HKD and 9.805 HKD. This implies that the price is at +0.10% from its lowest and at -0.04% from its highest.

9.791
9.805
9.801

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/HKD:
Created with Raphaël 2.3.0-50510January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/HKD in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9.434 9.555 9.648 9.801 9.919 10.002 10.085
Change (%) -3.74% -2.51% -1.56% - +1.20% +2.05% +2.90%
Change -0.367 -0.246 -0.153 - +0.118 +0.201 +0.284
Level Minor Minor Major - Major Intermediate Minor



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
Standard9.6879.7379.7709.8209.8539.9039.936
Camarilla9.7799.7879.7949.8029.8109.8179.825
Woodie9.6789.7339.7619.8169.8449.8999.927
Fibonacci9.7379.7699.7899.8209.8529.8729.903


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.6789.7689.8229.9129.96610.05610.110
Camarilla9.8369.8509.8639.8769.8899.9029.916
Woodie9.6609.7599.8049.9039.94810.04710.092
Fibonacci9.7689.8239.8579.9129.96710.00110.056


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.6579.7509.8449.93710.03110.12410.218
Camarilla9.8879.9049.9219.9389.9559.9729.989
Woodie9.6589.7509.8459.93710.03210.12410.219
Fibonacci9.7509.8219.8669.93710.00810.05310.124

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
Created with Raphaël 2.3.0Sell13
Moving averages
Created with Raphaël 2.3.0Sell19

RSI (14): 35.05
MACD (12,26,9): -0.0380
Directional Movement: -11.307
AROON (14): -78.571
DEMA (21): 9.861
Parabolic SAR (0,02-0,02-0,2): 9.964
Elder Ray (13): -0.087
Super Trend (3,10): 10.008
Zig ZAG (10): 9.802
VORTEX (21): 0.9010
Stochastique (14,3,5): 9.85
TEMA (21): 9.834
Williams %R (14): -94.22
Chande Momentum Oscillator (20): -0.176
Repulse (5,40,3): -0.6920
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 1.93
MA7: 9.877
MA20: 9.917
MA50: 9.987
MA100: 9.909
MAexp7: 9.856
MAexp20: 9.906
MAexp50: 9.933
MAexp100: 9.873
Price / MA7: -0.77%
Price / MA20: -1.17%
Price / MA50: -1.86%
Price / MA100: -1.09%
Price / MAexp7: -0.56%
Price / MAexp20: -1.06%
Price / MAexp50: -1.33%
Price / MAexp100: -0.73%

Quotes : 09/07/2023 - 03:35 - Real time data - Forex

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

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