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GBP/HKD
GBP HKD
- HKD (-)
- Real time data - Forex
Open: -
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Volume: -
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Type: Forex
Ticker: GBPHKD
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GBP/HKD - 1H - Technical analysis published on 12/31/2019 (GMT)

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

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 10.202 HKD
My targets
10.253 HKD (+0.022)
10.336 HKD (+0.105)
My analysis
The bullish trend is currently very strong on GBP/HKD. As long as the price remains above the support at 10.202 HKD, you could try to benefit from the boom. The first bullish objective is located at 10.253 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.336 HKD as an objective. Crossing it would then enable buyers to target 10.453 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.6

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/HKD price is 10.231 HKD. The price has increased by +0.19% since the last closing and was between 10.205 HKD and 10.232 HKD. This implies that the price is at +0.25% from its lowest and at -0.01% from its highest.

10.205
10.232
10.231

A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of GBP/HKD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10.183 10.202 10.221 10.231 10.240 10.336 10.453
Change (%) -0.47% -0.28% -0.10% - +0.09% +1.03% +2.17%
Change -0.048 -0.029 -0.010 - +0.009 +0.105 +0.222
Level Minor Intermediate Minor - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard10.12110.15110.18110.21110.24110.27110.301
Camarilla10.19610.20110.20710.21210.21810.22310.229
Woodie10.12210.15110.18210.21110.24210.27110.302
Fibonacci10.15110.17410.18810.21110.23410.24810.271


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.9199.98310.08610.15010.25310.31710.420
Camarilla10.14210.15710.17310.18810.20310.21910.234
Woodie9.9389.99310.10510.16010.27210.32710.439
Fibonacci9.98310.04710.08710.15010.21410.25410.317


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.8489.92110.02310.09610.19810.27110.373
Camarilla10.07810.09410.11010.12610.14210.15810.174
Woodie9.8649.92810.03910.10310.21410.27810.389
Fibonacci9.9219.98810.02910.09610.16310.20410.271

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): 56.27
MACD (12,26,9): 0.0050
Directional Movement: 9.311
AROON (14): 85.714
DEMA (21): 10.224
Parabolic SAR (0,02-0,02-0,2): 10.232
Elder Ray (13): 0.007
Super Trend (3,10): 10.190
Zig ZAG (10): 10.227
VORTEX (21): 1.0330
Stochastique (14,3,5): 70.10
TEMA (21): 10.219
Williams %R (14): -20.00
Chande Momentum Oscillator (20): 0.024
Repulse (5,40,3): 0.1820
ROCnROLL: 1
TRIX (15,9): 0.0070
Courbe Coppock: 0.04
MA7: 10.144
MA20: 10.234
MA50: 10.149
MA100: 9.926
MAexp7: 10.222
MAexp20: 10.216
MAexp50: 10.199
MAexp100: 10.180
Price / MA7: +0.86%
Price / MA20: -0.03%
Price / MA50: +0.81%
Price / MA100: +3.07%
Price / MAexp7: +0.09%
Price / MAexp20: +0.15%
Price / MAexp50: +0.31%
Price / MAexp100: +0.50%

This member declared not having a position on this financial instrument or a related financial instrument.

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