GBP/HKD - 1H - Technical analysis published on 01/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 9.915 HKD
My targets
9.973 HKD (+0.031)
9.999 HKD (+0.057)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 9.915 HKD remains possible. It is advisable to trade GBP/HKD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 9.915 HKD. The next bullish objective for buyers is set at 9.973 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.999 HKD. If there is any crossing, the next objective would be the resistance located at 10.022 HKD. PS: if there is a bearish break in the support located at 9.915 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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Additional analysis
Quotes
The GBP/HKD rating is 9.942 HKD. The price registered a decrease of -0.04% on the session with the lowest point at 9.931 HKD and the highest point at 9.968 HKD. The deviation from the price is +0.11% for the low point and -0.26% for the high point.9.931
9.968
9.942
Here is a more detailed summary of the historical variations registered by GBP/HKD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/HKD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.895 | 9.915 | 9.940 | 9.942 | 9.973 | 9.999 | 10.022 |
| Change (%) | -0.47% | -0.27% | -0.02% | - | +0.31% | +0.57% | +0.80% |
| Change | -0.047 | -0.027 | -0.002 | - | +0.031 | +0.057 | +0.080 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.833 | 9.864 | 9.905 | 9.936 | 9.977 | 10.008 | 10.049 |
| Camarilla | 9.926 | 9.933 | 9.939 | 9.946 | 9.953 | 9.959 | 9.966 |
| Woodie | 9.838 | 9.867 | 9.910 | 9.939 | 9.982 | 10.011 | 10.054 |
| Fibonacci | 9.864 | 9.892 | 9.909 | 9.936 | 9.964 | 9.981 | 10.008 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.743 | 9.797 | 9.866 | 9.920 | 9.989 | 10.043 | 10.112 |
| Camarilla | 9.902 | 9.914 | 9.925 | 9.936 | 9.947 | 9.959 | 9.970 |
| Woodie | 9.752 | 9.801 | 9.875 | 9.924 | 9.998 | 10.047 | 10.121 |
| Fibonacci | 9.797 | 9.844 | 9.873 | 9.920 | 9.967 | 9.996 | 10.043 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.542 | 9.655 | 9.797 | 9.910 | 10.052 | 10.165 | 10.307 |
| Camarilla | 9.870 | 9.893 | 9.917 | 9.940 | 9.963 | 9.987 | 10.010 |
| Woodie | 9.558 | 9.662 | 9.813 | 9.917 | 10.068 | 10.172 | 10.323 |
| Fibonacci | 9.655 | 9.752 | 9.812 | 9.910 | 10.007 | 10.067 | 10.165 |
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): | 48.27 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | -0.136 | |
| AROON (14): | -64.285 | |
| DEMA (21): | 9.952 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.962 | |
| Elder Ray (13): | -0.003 | |
| Super Trend (3,10): | 9.932 | |
| Zig ZAG (10): | 9.941 | |
| VORTEX (21): | 0.9430 | |
| Stochastique (14,3,5): | 27.03 | |
| TEMA (21): | 9.947 | |
| Williams %R (14): | -72.97 | |
| Chande Momentum Oscillator (20): | -0.022 | |
| Repulse (5,40,3): | -0.0520 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0080 | |
| Courbe Coppock: | 0.17 |
| MA7: | 9.918 | |
| MA20: | 9.907 | |
| MA50: | 9.795 | |
| MA100: | 9.733 | |
| MAexp7: | 9.946 | |
| MAexp20: | 9.948 | |
| MAexp50: | 9.938 | |
| MAexp100: | 9.928 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +1.50% | |
| Price / MA100: | +2.15% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.14% |
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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