GBP/HKD - 1H - Technical analysis published on 07/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 10.072 HKD
My targets
10.142 HKD (+0.018)
10.268 HKD (+0.144)
My analysis
The basic bullish trend is very strong on GBP/HKD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 10.072 HKD. Crossing the first resistance at 10.142 HKD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 10.268 HKD as an objective. Crossing it would then enable buyers to target 10.604 HKD. Caution, a return to below 10.072 HKD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.2
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Additional analysis
Quotes
The GBP/HKD rating is 10.124 HKD. The price has increased by +0.00% since the last closing with the lowest point at 10.120 HKD and the highest point at 10.126 HKD. The deviation from the price is +0.04% for the low point and -0.02% for the high point.10.120
10.126
10.124
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 strongly bullish. 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.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
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 | 9.980 | 10.047 | 10.072 | 10.124 | 10.142 | 10.268 | 10.604 |
| Change (%) | -1.42% | -0.76% | -0.51% | - | +0.18% | +1.42% | +4.74% |
| Change | -0.144 | -0.077 | -0.052 | - | +0.018 | +0.144 | +0.480 |
| Level | Major | Major | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.100 | 10.109 | 10.117 | 10.126 | 10.134 | 10.143 | 10.151 |
| Camarilla | 10.119 | 10.121 | 10.122 | 10.124 | 10.126 | 10.127 | 10.129 |
| Woodie | 10.099 | 10.109 | 10.116 | 10.126 | 10.133 | 10.143 | 10.150 |
| Fibonacci | 10.109 | 10.116 | 10.120 | 10.126 | 10.133 | 10.137 | 10.143 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.872 | 9.927 | 10.033 | 10.088 | 10.194 | 10.249 | 10.355 |
| Camarilla | 10.096 | 10.111 | 10.125 | 10.140 | 10.155 | 10.170 | 10.184 |
| Woodie | 9.899 | 9.940 | 10.060 | 10.101 | 10.221 | 10.262 | 10.382 |
| Fibonacci | 9.927 | 9.988 | 10.026 | 10.088 | 10.149 | 10.187 | 10.249 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.604 | 9.726 | 9.799 | 9.921 | 9.994 | 10.116 | 10.189 |
| Camarilla | 9.818 | 9.836 | 9.854 | 9.872 | 9.890 | 9.908 | 9.926 |
| Woodie | 9.580 | 9.714 | 9.775 | 9.909 | 9.970 | 10.104 | 10.165 |
| Fibonacci | 9.726 | 9.801 | 9.847 | 9.921 | 9.996 | 10.042 | 10.116 |
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): | 56.74 | |
| MACD (12,26,9): | 0.0110 | |
| Directional Movement: | 3.138 | |
| AROON (14): | 14.286 | |
| DEMA (21): | 10.137 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.140 | |
| Elder Ray (13): | -0.003 | |
| Super Trend (3,10): | 10.112 | |
| Zig ZAG (10): | 10.123 | |
| VORTEX (21): | 1.2400 | |
| Stochastique (14,3,5): | 48.00 | |
| TEMA (21): | 10.134 | |
| Williams %R (14): | -72.00 | |
| Chande Momentum Oscillator (20): | -0.017 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0210 | |
| Courbe Coppock: | 0.23 |
| MA7: | 10.073 | |
| MA20: | 9.966 | |
| MA50: | 9.938 | |
| MA100: | 9.902 | |
| MAexp7: | 10.127 | |
| MAexp20: | 10.121 | |
| MAexp50: | 10.095 | |
| MAexp100: | 10.062 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +1.59% | |
| Price / MA50: | +1.87% | |
| Price / MA100: | +2.24% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.61% |
Quotes :
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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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