GBP/HKD - 1H - Technical analysis published on 01/31/2025 (GMT)
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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
17%
67%
17%
My opinion
Bearish under 9.708 HKD
My targets
9.638 HKD (-0.025)
9.604 HKD (-0.059)
My analysis
GBP/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 9.708 HKD. The next support located at 9.638 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 9.604 HKD. Below this support, sellers could then target 9.575 HKD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/HKD price is 9.663 HKD. The price is lower by -0.17% since the last closing and was between 9.657 HKD and 9.694 HKD. This implies that the price is at +0.06% from its lowest and at -0.32% from its highest.9.657
9.694
9.663
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/HKD:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/HKD chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being 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, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
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 | 9.575 | 9.604 | 9.638 | 9.663 | 9.670 | 9.708 | 9.759 |
| Change (%) | -0.91% | -0.61% | -0.26% | - | +0.07% | +0.47% | +0.99% |
| Change | -0.088 | -0.059 | -0.025 | - | +0.007 | +0.045 | +0.096 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.606 | 9.638 | 9.658 | 9.690 | 9.710 | 9.742 | 9.762 |
| Camarilla | 9.665 | 9.670 | 9.674 | 9.679 | 9.684 | 9.689 | 9.693 |
| Woodie | 9.601 | 9.635 | 9.653 | 9.687 | 9.705 | 9.739 | 9.757 |
| Fibonacci | 9.638 | 9.658 | 9.670 | 9.690 | 9.710 | 9.722 | 9.742 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.278 | 9.372 | 9.547 | 9.641 | 9.816 | 9.910 | 10.085 |
| Camarilla | 9.648 | 9.673 | 9.697 | 9.722 | 9.747 | 9.771 | 9.796 |
| Woodie | 9.319 | 9.392 | 9.588 | 9.661 | 9.857 | 9.930 | 10.126 |
| Fibonacci | 9.372 | 9.475 | 9.538 | 9.641 | 9.744 | 9.807 | 9.910 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.355 | 9.524 | 9.627 | 9.796 | 9.899 | 10.068 | 10.171 |
| Camarilla | 9.655 | 9.680 | 9.705 | 9.730 | 9.755 | 9.780 | 9.805 |
| Woodie | 9.322 | 9.508 | 9.594 | 9.780 | 9.866 | 10.052 | 10.138 |
| Fibonacci | 9.524 | 9.628 | 9.692 | 9.796 | 9.900 | 9.964 | 10.068 |
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): | 37.60 | |
| MACD (12,26,9): | -0.0060 | |
| Directional Movement: | -11.999 | |
| AROON (14): | -14.286 | |
| DEMA (21): | 9.672 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.692 | |
| Elder Ray (13): | -0.008 | |
| Super Trend (3,10): | 9.706 | |
| Zig ZAG (10): | 9.662 | |
| VORTEX (21): | 0.8910 | |
| Stochastique (14,3,5): | 30.37 | |
| TEMA (21): | 9.669 | |
| Williams %R (14): | -97.22 | |
| Chande Momentum Oscillator (20): | -0.017 | |
| Repulse (5,40,3): | -0.2010 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0070 | |
| Courbe Coppock: | 0.17 |
| MA7: | 9.683 | |
| MA20: | 9.613 | |
| MA50: | 9.732 | |
| MA100: | 9.937 | |
| MAexp7: | 9.672 | |
| MAexp20: | 9.679 | |
| MAexp50: | 9.686 | |
| MAexp100: | 9.682 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | -0.71% | |
| Price / MA100: | -2.76% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.20% |
Quotes :
-
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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