GBP/HKD - 1H - Technical analysis published on 11/27/2024 (GMT)
- 108
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
61%
11%
28%
My opinion
Neutral between 9.766 HKD and 9.817 HKD
My targets
-
My analysis
The short-term increase on GBP/HKD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 9.817 HKD. The first support is located at 9.766 HKD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 rating is 9.784 HKD. The price registered a decrease of -0.02% on the session with the lowest point at 9.779 HKD and the highest point at 9.789 HKD. The deviation from the price is +0.05% for the low point and -0.05% for the high point.9.779
9.789
9.784
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 1H of this GBP/HKD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 9.734 | 9.748 | 9.766 | 9.784 | 9.789 | 9.817 | 9.852 |
| Change (%) | -0.51% | -0.37% | -0.18% | - | +0.05% | +0.34% | +0.70% |
| Change | -0.050 | -0.036 | -0.018 | - | +0.005 | +0.033 | +0.068 |
| Level | Major | Minor | Intermediate | - | Minor | 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 | 9.657 | 9.695 | 9.741 | 9.779 | 9.825 | 9.863 | 9.909 |
| Camarilla | 9.763 | 9.771 | 9.778 | 9.786 | 9.794 | 9.801 | 9.809 |
| Woodie | 9.660 | 9.697 | 9.744 | 9.781 | 9.828 | 9.865 | 9.912 |
| Fibonacci | 9.695 | 9.727 | 9.747 | 9.779 | 9.811 | 9.831 | 9.863 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.510 | 9.615 | 9.684 | 9.789 | 9.858 | 9.963 | 10.032 |
| Camarilla | 9.705 | 9.721 | 9.737 | 9.753 | 9.769 | 9.785 | 9.801 |
| Woodie | 9.492 | 9.606 | 9.666 | 9.780 | 9.840 | 9.954 | 10.014 |
| Fibonacci | 9.615 | 9.682 | 9.723 | 9.789 | 9.856 | 9.897 | 9.963 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.97 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 3.760 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 9.782 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.786 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 9.755 | |
| Zig ZAG (10): | 9.781 | |
| VORTEX (21): | 1.0450 | |
| Stochastique (14,3,5): | 82.11 | |
| TEMA (21): | 9.784 | |
| Williams %R (14): | -17.07 | |
| Chande Momentum Oscillator (20): | 0.026 | |
| Repulse (5,40,3): | -0.0070 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.11 |
| MA7: | 9.800 | |
| MA20: | 9.919 | |
| MA50: | 10.092 | |
| MA100: | 10.110 | |
| MAexp7: | 9.782 | |
| MAexp20: | 9.779 | |
| MAexp50: | 9.780 | |
| MAexp100: | 9.791 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -1.36% | |
| Price / MA50: | -3.05% | |
| Price / MA100: | -3.22% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.07% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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