GBP/HKD

- HKD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPHKD
ISIN:

GBP/HKD - 1H - Technical analysis published on 11/13/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 9.981 HKD

My targets

9.883 HKD (-0.022)

9.766 HKD (-0.139)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/HKD as long as the price remains well below 9.981 HKD. The sellers' bearish objective is set at 9.883 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.766 HKD. In case of crossing, the next objective would be the support located at 9.670 HKD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

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 9.905 HKD. The price is lower by -0.01% since the last closing and was traded between 9.902 HKD and 9.921 HKD over the period. The price is currently at +0.03% from its lowest and -0.16% from its highest.

9.902

9.921

9.905

Here is a more detailed summary of the historical variations registered by GBP/HKD:

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

Near a new LOW record (1 year)

Type : Bearish

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 a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.670	9.766	9.883	9.905	9.981	10.019	10.051
Change (%)	-2.37%	-1.40%	-0.22%	-	+0.77%	+1.15%	+1.47%
Change	-0.235	-0.139	-0.022	-	+0.076	+0.114	+0.146
Level	Major	Minor	Major	-	Major	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.744	9.819	9.862	9.937	9.980	10.055	10.098
Camarilla	9.874	9.884	9.895	9.906	9.917	9.928	9.939
Woodie	9.729	9.811	9.847	9.929	9.965	10.047	10.083
Fibonacci	9.819	9.864	9.892	9.937	9.982	10.010	10.055

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.813	9.897	9.972	10.056	10.131	10.215	10.290
Camarilla	10.003	10.018	10.032	10.047	10.062	10.076	10.091
Woodie	9.809	9.895	9.968	10.054	10.127	10.213	10.286
Fibonacci	9.897	9.958	9.995	10.056	10.117	10.154	10.215

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.445	9.714	9.870	10.139	10.295	10.564	10.720
Camarilla	9.909	9.948	9.987	10.026	10.065	10.104	10.143
Woodie	9.389	9.686	9.814	10.111	10.239	10.536	10.664
Fibonacci	9.714	9.876	9.977	10.139	10.301	10.402	10.564

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):	30.69
MACD (12,26,9):	-0.0170
Directional Movement:	-20.284
AROON (14):	71.429
DEMA (21):	9.900
Parabolic SAR (0,02-0,02-0,2):	9.918
Elder Ray (13):	-0.006
Super Trend (3,10):	9.941
Zig ZAG (10):	9.906
VORTEX (21):	0.7720
Stochastique (14,3,5):	50.04
TEMA (21):	9.902
Williams %R (14):	-78.95
Chande Momentum Oscillator (20):	-0.001
Repulse (5,40,3):	-0.0730
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	0.34

MA7:	10.016
MA20:	10.057
MA50:	10.177
MA100:	10.124
MAexp7:	9.912
MAexp20:	9.925
MAexp50:	9.960
MAexp100:	9.994
Price / MA7:	-1.11%
Price / MA20:	-1.51%
Price / MA50:	-2.67%
Price / MA100:	-2.16%
Price / MAexp7:	-0.07%
Price / MAexp20:	-0.20%
Price / MAexp50:	-0.55%
Price / MAexp100:	-0.89%

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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