GBP/HKD - 1H - Technical analysis published on 02/25/2020 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 10.095 HKD
My targets
10.137 HKD (+0.023)
10.185 HKD (+0.071)
My analysis
GBP/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10.095 HKD. The next resistance located at 10.137 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 10.185 HKD. After this resistance, buyers could then target 10.517 HKD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.6
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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
GBP/HKD rating 10.114 HKD. The price registered an increase of +0.42% on the session and was traded between 10.063 HKD and 10.127 HKD over the period. The price is currently at +0.51% from its lowest and -0.13% from its highest.10.063
10.127
10.114
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/HKD:
Technical
Technical analysis of GBP/HKD in 1H shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
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 several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.057 | 10.076 | 10.095 | 10.114 | 10.121 | 10.137 | 10.185 |
| Change (%) | -0.56% | -0.38% | -0.19% | - | +0.07% | +0.23% | +0.70% |
| Change | -0.057 | -0.038 | -0.019 | - | +0.007 | +0.023 | +0.071 |
| Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 9.996 | 10.021 | 10.046 | 10.071 | 10.096 | 10.121 | 10.146 |
| Camarilla | 10.058 | 10.063 | 10.067 | 10.072 | 10.077 | 10.081 | 10.086 |
| Woodie | 9.997 | 10.021 | 10.047 | 10.071 | 10.097 | 10.121 | 10.147 |
| Fibonacci | 10.021 | 10.040 | 10.052 | 10.071 | 10.090 | 10.102 | 10.121 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.874 | 9.937 | 10.014 | 10.077 | 10.154 | 10.217 | 10.294 |
| Camarilla | 10.053 | 10.065 | 10.078 | 10.091 | 10.104 | 10.117 | 10.130 |
| Woodie | 9.881 | 9.941 | 10.021 | 10.081 | 10.161 | 10.221 | 10.301 |
| Fibonacci | 9.937 | 9.991 | 10.024 | 10.077 | 10.131 | 10.164 | 10.217 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.832 | 9.951 | 10.103 | 10.222 | 10.374 | 10.493 | 10.645 |
| Camarilla | 10.182 | 10.206 | 10.231 | 10.256 | 10.281 | 10.306 | 10.331 |
| Woodie | 9.850 | 9.959 | 10.121 | 10.230 | 10.392 | 10.501 | 10.663 |
| Fibonacci | 9.951 | 10.054 | 10.118 | 10.222 | 10.325 | 10.389 | 10.493 |
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): | 58.49 | |
| MACD (12,26,9): | 0.0080 | |
| Directional Movement: | 10.331 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 10.100 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.082 | |
| Elder Ray (13): | 0.008 | |
| Super Trend (3,10): | 10.073 | |
| Zig ZAG (10): | 10.104 | |
| VORTEX (21): | 1.1090 | |
| Stochastique (14,3,5): | 57.29 | |
| TEMA (21): | 10.104 | |
| Williams %R (14): | -35.94 | |
| Chande Momentum Oscillator (20): | 0.026 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0080 | |
| Courbe Coppock: | 0.55 |
| MA7: | 10.078 | |
| MA20: | 10.093 | |
| MA50: | 10.136 | |
| MA100: | 10.126 | |
| MAexp7: | 10.102 | |
| MAexp20: | 10.090 | |
| MAexp50: | 10.080 | |
| MAexp100: | 10.076 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | -0.22% | |
| Price / MA100: | -0.12% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.38% |
This member declared not having a position on this financial instrument or a related financial instrument.
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