GBP/HKD - 1H - Technical analysis published on 10/13/2023 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 9.555 HKD
My targets
9.524 HKD (-0.021)
9.496 HKD (-0.049)
My analysis
GBP/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 9.555 HKD. The next support located at 9.524 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 9.496 HKD. Below this support, sellers could then target 9.479 HKD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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Additional analysis
Quotes
The GBP/HKD rating is 9.545 HKD. The price registered an increase of +0.16% on the session and was between 9.530 HKD and 9.549 HKD. This implies that the price is at +0.16% from its lowest and at -0.04% from its highest.9.530
9.549
9.545
Here is a more detailed summary of the historical variations registered by GBP/HKD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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 bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.479 | 9.496 | 9.524 | 9.545 | 9.555 | 9.594 | 9.620 |
| Change (%) | -0.69% | -0.51% | -0.22% | - | +0.10% | +0.51% | +0.79% |
| Change | -0.066 | -0.049 | -0.021 | - | +0.010 | +0.049 | +0.075 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 9.366 | 9.445 | 9.487 | 9.566 | 9.608 | 9.687 | 9.729 |
| Camarilla | 9.497 | 9.508 | 9.519 | 9.530 | 9.541 | 9.552 | 9.563 |
| Woodie | 9.349 | 9.436 | 9.470 | 9.557 | 9.591 | 9.678 | 9.712 |
| Fibonacci | 9.445 | 9.491 | 9.519 | 9.566 | 9.612 | 9.640 | 9.687 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.298 | 9.363 | 9.473 | 9.538 | 9.648 | 9.713 | 9.823 |
| Camarilla | 9.536 | 9.552 | 9.568 | 9.584 | 9.600 | 9.616 | 9.632 |
| Woodie | 9.322 | 9.374 | 9.497 | 9.549 | 9.672 | 9.724 | 9.847 |
| Fibonacci | 9.363 | 9.430 | 9.471 | 9.538 | 9.605 | 9.646 | 9.713 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.858 | 9.165 | 9.359 | 9.666 | 9.860 | 10.167 | 10.361 |
| Camarilla | 9.415 | 9.461 | 9.507 | 9.553 | 9.599 | 9.645 | 9.691 |
| Woodie | 8.802 | 9.137 | 9.303 | 9.638 | 9.804 | 10.139 | 10.305 |
| Fibonacci | 9.165 | 9.356 | 9.475 | 9.666 | 9.857 | 9.976 | 10.167 |
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): | 36.54 | |
| MACD (12,26,9): | -0.0180 | |
| Directional Movement: | -7.780 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 9.531 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.525 | |
| Elder Ray (13): | -0.002 | |
| Super Trend (3,10): | 9.567 | |
| Zig ZAG (10): | 9.545 | |
| VORTEX (21): | 0.7380 | |
| Stochastique (14,3,5): | 41.12 | |
| TEMA (21): | 9.524 | |
| Williams %R (14): | -45.00 | |
| Chande Momentum Oscillator (20): | -0.001 | |
| Repulse (5,40,3): | 0.0720 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0320 | |
| Courbe Coppock: | 0.89 |
| MA7: | 9.576 | |
| MA20: | 9.565 | |
| MA50: | 9.759 | |
| MA100: | 9.861 | |
| MAexp7: | 9.541 | |
| MAexp20: | 9.555 | |
| MAexp50: | 9.577 | |
| MAexp100: | 9.577 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -0.21% | |
| Price / MA50: | -2.19% | |
| Price / MA100: | -3.20% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -0.33% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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