GBP/HKD - 1H - Technical analysis published on 06/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 9.967 HKD
My targets
10.022 HKD (+0.033)
10.055 HKD (+0.066)
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 9.967 HKD. The buyers' bullish objective is set at 10.022 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.055 HKD. If there is any crossing, the next objective would be the resistance located at 10.268 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
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/HKD rating is 9.989 HKD. On the day, this instrument lost -0.01% and was traded between 9.983 HKD and 9.993 HKD over the period. The price is currently at +0.06% from its lowest and -0.04% from its highest.9.983
9.993
9.989
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this GBP/HKD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
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 | 9.927 | 9.967 | 9.981 | 9.989 | 9.997 | 10.022 | 10.055 |
| Change (%) | -0.62% | -0.22% | -0.08% | - | +0.08% | +0.33% | +0.66% |
| Change | -0.062 | -0.022 | -0.008 | - | +0.008 | +0.033 | +0.066 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
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 | 9.936 | 9.951 | 9.971 | 9.986 | 10.006 | 10.021 | 10.041 |
| Camarilla | 9.980 | 9.984 | 9.987 | 9.990 | 9.993 | 9.996 | 10.000 |
| Woodie | 9.938 | 9.952 | 9.973 | 9.987 | 10.008 | 10.022 | 10.043 |
| Fibonacci | 9.951 | 9.965 | 9.973 | 9.986 | 10.000 | 10.008 | 10.021 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.832 | 9.872 | 9.918 | 9.958 | 10.004 | 10.044 | 10.090 |
| Camarilla | 9.940 | 9.948 | 9.956 | 9.964 | 9.972 | 9.980 | 9.988 |
| Woodie | 9.835 | 9.874 | 9.921 | 9.960 | 10.007 | 10.046 | 10.093 |
| Fibonacci | 9.872 | 9.905 | 9.925 | 9.958 | 9.991 | 10.011 | 10.044 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.525 | 9.627 | 9.795 | 9.897 | 10.065 | 10.167 | 10.335 |
| Camarilla | 9.890 | 9.915 | 9.939 | 9.964 | 9.989 | 10.014 | 10.038 |
| Woodie | 9.559 | 9.644 | 9.829 | 9.914 | 10.099 | 10.184 | 10.369 |
| Fibonacci | 9.627 | 9.730 | 9.794 | 9.897 | 10.000 | 10.064 | 10.167 |
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): | 50.88 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | -5.085 | |
| AROON (14): | 28.571 | |
| DEMA (21): | 9.989 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.972 | |
| Elder Ray (13): | 0.001 | |
| Super Trend (3,10): | 10.002 | |
| Zig ZAG (10): | 9.988 | |
| VORTEX (21): | 0.9950 | |
| Stochastique (14,3,5): | 80.13 | |
| TEMA (21): | 9.989 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.003 | |
| Repulse (5,40,3): | -0.0060 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0010 | |
| Courbe Coppock: | 0.14 |
| MA7: | 9.983 | |
| MA20: | 9.935 | |
| MA50: | 9.853 | |
| MA100: | 9.884 | |
| MAexp7: | 9.988 | |
| MAexp20: | 9.988 | |
| MAexp50: | 9.986 | |
| MAexp100: | 9.981 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.54% | |
| Price / MA50: | +1.38% | |
| Price / MA100: | +1.06% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.08% |
Quotes :
-
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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