GBP/HKD - 1H - Technical analysis published on 11/21/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 10.111 HKD
My targets
10.133 HKD (+0.14%)
10.165 HKD (+0.45%)
My analysis
The basic trend is currently slightly bullish on GBP/HKD and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 10.111 HKD, purchases could be favourable. The first bullish objective would be the resistance located at 10.133 HKD. Then the price could move towards 10.165 HKD. Then 10.185 HKD by extension. A return under the support to 10.111 HKD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/HKD price is 10.119 HKD. The price has increased by +0.03% since the last closing with the lowest point at 10.111 HKD and the highest point at 10.125 HKD. The deviation from the price is +0.08% for the low point and -0.06% for the high point.10.111
10.125
10.119
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/HKD in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
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 over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.038 | 10.086 | 10.111 | 10.119 | 10.133 | 10.165 | 10.185 |
| Change (%) | -0.80% | -0.33% | -0.08% | - | +0.14% | +0.45% | +0.65% |
| Change | -0.081 | -0.033 | -0.008 | - | +0.014 | +0.046 | +0.066 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.059 | 10.073 | 10.094 | 10.108 | 10.129 | 10.143 | 10.164 |
| Camarilla | 10.106 | 10.110 | 10.113 | 10.116 | 10.119 | 10.122 | 10.126 |
| Woodie | 10.064 | 10.075 | 10.099 | 10.110 | 10.134 | 10.145 | 10.169 |
| Fibonacci | 10.073 | 10.086 | 10.094 | 10.108 | 10.121 | 10.129 | 10.143 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.935 | 9.973 | 10.036 | 10.074 | 10.137 | 10.175 | 10.238 |
| Camarilla | 10.072 | 10.082 | 10.091 | 10.100 | 10.109 | 10.119 | 10.128 |
| Woodie | 9.949 | 9.979 | 10.050 | 10.080 | 10.151 | 10.181 | 10.252 |
| Fibonacci | 9.973 | 10.011 | 10.035 | 10.074 | 10.112 | 10.136 | 10.175 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.099 | 9.333 | 9.737 | 9.971 | 10.375 | 10.609 | 11.013 |
| Camarilla | 9.965 | 10.023 | 10.082 | 10.140 | 10.199 | 10.257 | 10.316 |
| Woodie | 9.183 | 9.376 | 9.821 | 10.014 | 10.459 | 10.652 | 11.097 |
| Fibonacci | 9.333 | 9.577 | 9.728 | 9.971 | 10.215 | 10.366 | 10.609 |
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): | 56.91 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 3.631 | |
| AROON (14): | 100.000 | |
| DEMA (21): | 10.117 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.111 | |
| Elder Ray (13): | 0.005 | |
| Super Trend (3,10): | 10.125 | |
| Zig ZAG (10): | 10.123 | |
| VORTEX (21): | 1.1460 | |
| Stochastique (14,3,5): | 75.30 | |
| TEMA (21): | 10.122 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.009 | |
| Repulse (5,40,3): | 0.0130 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.23 |
| MA7: | 10.106 | |
| MA20: | 10.088 | |
| MA50: | 9.927 | |
| MA100: | 9.772 | |
| MAexp7: | 10.118 | |
| MAexp20: | 10.115 | |
| MAexp50: | 10.115 | |
| MAexp100: | 10.110 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.31% | |
| Price / MA50: | +1.93% | |
| Price / MA100: | +3.55% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.09% |
This member declared not having a position on this financial instrument or a related financial instrument.
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