GBP/HKD - 1H - Technical analysis published on 10/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 10.124 HKD
My targets
10.161 HKD (+0.016)
10.179 HKD (+0.034)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GBP/HKD. This is a positive signal for buyers. As long as the price remains above 10.124 HKD, a purchase could be considered. The first bullish objective is located at 10.161 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.179 HKD as an objective. Crossing it would then enable buyers to target 10.195 HKD. In the event of a return below 10.124 HKD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/HKD rating 10.145 HKD. The price has increased by +0.29% since the last closing with the lowest point at 10.114 HKD and the highest point at 10.155 HKD. The deviation from the price is +0.31% for the low point and -0.10% for the high point.10.114
10.155
10.145
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/HKD in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
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 several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 10.104 | 10.114 | 10.124 | 10.145 | 10.149 | 10.161 | 10.179 |
| Change (%) | -0.40% | -0.31% | -0.21% | - | +0.04% | +0.16% | +0.34% |
| Change | -0.041 | -0.031 | -0.021 | - | +0.004 | +0.016 | +0.034 |
| Level | Minor | Minor | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.052 | 10.068 | 10.092 | 10.108 | 10.132 | 10.148 | 10.172 |
| Camarilla | 10.105 | 10.109 | 10.112 | 10.116 | 10.120 | 10.123 | 10.127 |
| Woodie | 10.056 | 10.070 | 10.096 | 10.110 | 10.136 | 10.150 | 10.176 |
| Fibonacci | 10.068 | 10.083 | 10.093 | 10.108 | 10.123 | 10.133 | 10.148 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.031 | 10.075 | 10.114 | 10.158 | 10.197 | 10.241 | 10.280 |
| Camarilla | 10.130 | 10.138 | 10.145 | 10.153 | 10.161 | 10.168 | 10.176 |
| Woodie | 10.029 | 10.074 | 10.112 | 10.157 | 10.195 | 10.240 | 10.278 |
| Fibonacci | 10.075 | 10.107 | 10.126 | 10.158 | 10.190 | 10.209 | 10.241 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.894 | 10.017 | 10.208 | 10.331 | 10.522 | 10.645 | 10.836 |
| Camarilla | 10.313 | 10.341 | 10.370 | 10.399 | 10.428 | 10.457 | 10.485 |
| Woodie | 9.928 | 10.034 | 10.242 | 10.348 | 10.556 | 10.662 | 10.870 |
| Fibonacci | 10.017 | 10.137 | 10.211 | 10.331 | 10.451 | 10.525 | 10.645 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.59 | |
| MACD (12,26,9): | 0.0080 | |
| Directional Movement: | 12.231 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 10.136 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.130 | |
| Elder Ray (13): | 0.009 | |
| Super Trend (3,10): | 10.113 | |
| Zig ZAG (10): | 10.142 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 61.40 | |
| TEMA (21): | 10.142 | |
| Williams %R (14): | -31.71 | |
| Chande Momentum Oscillator (20): | 0.026 | |
| Repulse (5,40,3): | 0.0810 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.42 |
| MA7: | 10.136 | |
| MA20: | 10.244 | |
| MA50: | 10.224 | |
| MA100: | 10.104 | |
| MAexp7: | 10.137 | |
| MAexp20: | 10.127 | |
| MAexp50: | 10.121 | |
| MAexp100: | 10.127 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | -0.97% | |
| Price / MA50: | -0.77% | |
| Price / MA100: | +0.41% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.18% |
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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