GBP/HKD

- HKD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	GBPHKD
ISIN:

GBP/HKD - 1H - Technical analysis published on 08/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 9.968 HKD

My targets

10.047 HKD (+0.032)

10.156 HKD (+0.141)

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 9.968 HKD. Crossing the first resistance at 10.047 HKD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 10.156 HKD as an objective. Crossing it would then enable buyers to target 10.268 HKD. Caution, a return to below 9.968 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.8

Comment on the analysis

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:

Additional analysis

Quotes

The GBP/HKD price is 10.015 HKD. The price is lower by -0.05% since the last closing and was between 9.985 HKD and 10.023 HKD. This implies that the price is at +0.30% from its lowest and at -0.08% from its highest.

9.985

10.023

10.015

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 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 bullish. 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 detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.880	9.928	9.968	10.015	10.025	10.047	10.156
Change (%)	-1.35%	-0.87%	-0.47%	-	+0.10%	+0.32%	+1.41%
Change	-0.135	-0.087	-0.047	-	+0.010	+0.032	+0.141
Level	Minor	Intermediate	Intermediate	-	Intermediate	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.879	9.910	9.965	9.996	10.051	10.082	10.137
Camarilla	9.996	10.004	10.012	10.020	10.028	10.036	10.044
Woodie	9.891	9.916	9.977	10.002	10.063	10.088	10.149
Fibonacci	9.910	9.943	9.963	9.996	10.029	10.049	10.082

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.742	9.804	9.877	9.939	10.012	10.074	10.147
Camarilla	9.912	9.924	9.937	9.949	9.961	9.974	9.986
Woodie	9.747	9.807	9.882	9.942	10.017	10.077	10.152
Fibonacci	9.804	9.856	9.888	9.939	9.991	10.023	10.074

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.544	9.700	9.871	10.027	10.198	10.354	10.525
Camarilla	9.952	9.982	10.012	10.042	10.072	10.102	10.132
Woodie	9.552	9.704	9.879	10.031	10.206	10.358	10.533
Fibonacci	9.700	9.825	9.902	10.027	10.152	10.229	10.354

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):	60.93
MACD (12,26,9):	0.0060
Directional Movement:	1.914
AROON (14):	-42.857
DEMA (21):	10.016
Parabolic SAR (0,02-0,02-0,2):	9.986
Elder Ray (13):	0.004
Super Trend (3,10):	9.992
Zig ZAG (10):	10.015
VORTEX (21):	1.0180
Stochastique (14,3,5):	68.13
TEMA (21):	10.012
Williams %R (14):	-11.11
Chande Momentum Oscillator (20):	0.003
Repulse (5,40,3):	0.1510
ROCnROLL:	1
TRIX (15,9):	0.0130
Courbe Coppock:	0.18

MA7:	9.949
MA20:	10.009
MA50:	9.984
MA100:	9.916
MAexp7:	10.010
MAexp20:	10.006
MAexp50:	9.989
MAexp100:	9.971
Price / MA7:	+0.66%
Price / MA20:	+0.06%
Price / MA50:	+0.31%
Price / MA100:	+1.00%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.26%
Price / MAexp100:	+0.44%

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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