GBP/HKD - Daily - Technical analysis published on 03/23/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Additional analysis
Quotes
The GBP/HKD price is 8.998 HKD. The price registered a decrease of -0.06% on the session and was between 8.948 HKD and 9.087 HKD. This implies that the price is at +0.56% from its lowest and at -0.98% from its highest.A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/HKD:
Near a new LOW record (5 years)
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 Daily of this GBP/HKD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 8.998 | 9.369 | 9.579 | 9.765 |
| Change (%) | - | +4.12% | +6.46% | +8.52% |
| Change | - | +0.371 | +0.581 | +0.767 |
| Level | - | Major | 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:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.508 | 8.709 | 8.856 | 9.057 | 9.204 | 9.405 | 9.552 |
| Camarilla | 8.907 | 8.939 | 8.971 | 9.003 | 9.035 | 9.067 | 9.099 |
| Woodie | 8.481 | 8.696 | 8.829 | 9.044 | 9.177 | 9.392 | 9.525 |
| Fibonacci | 8.709 | 8.842 | 8.924 | 9.057 | 9.190 | 9.272 | 9.405 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.887 | 8.371 | 8.687 | 9.171 | 9.487 | 9.971 | 10.287 |
| Camarilla | 8.783 | 8.856 | 8.930 | 9.003 | 9.076 | 9.150 | 9.223 |
| Woodie | 7.803 | 8.329 | 8.603 | 9.129 | 9.403 | 9.929 | 10.203 |
| Fibonacci | 8.371 | 8.677 | 8.865 | 9.171 | 9.477 | 9.665 | 9.971 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.543 | 9.731 | 9.862 | 10.050 | 10.181 | 10.369 | 10.500 |
| Camarilla | 9.904 | 9.934 | 9.963 | 9.992 | 10.021 | 10.051 | 10.080 |
| Woodie | 9.514 | 9.717 | 9.833 | 10.036 | 10.152 | 10.355 | 10.471 |
| Fibonacci | 9.731 | 9.853 | 9.929 | 10.050 | 10.172 | 10.248 | 10.369 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
| RSI (14): | 19.35 | |
| MACD (12,26,9): | -0.2770 | |
| Directional Movement: | -28.452 | |
| AROON (14): | -57.143 | |
| DEMA (21): | 9.277 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.730 | |
| Elder Ray (13): | -0.414 | |
| Super Trend (3,10): | 9.575 | |
| Zig ZAG (10): | 8.985 | |
| VORTEX (21): | 0.6910 | |
| Stochastique (14,3,5): | 8.27 | |
| TEMA (21): | 9.073 | |
| Williams %R (14): | -90.44 | |
| Chande Momentum Oscillator (20): | -1.074 | |
| Repulse (5,40,3): | -4.4250 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2320 | |
| Courbe Coppock: | 16.16 |
| MA7: | 9.201 | |
| MA20: | 9.733 | |
| MA50: | 9.961 | |
| MA100: | 10.065 | |
| MAexp7: | 9.207 | |
| MAexp20: | 9.589 | |
| MAexp50: | 9.856 | |
| MAexp100: | 9.951 | |
| Price / MA7: | -2.21% | |
| Price / MA20: | -7.55% | |
| Price / MA50: | -9.67% | |
| Price / MA100: | -10.60% | |
| Price / MAexp7: | -2.27% | |
| Price / MAexp20: | -6.16% | |
| Price / MAexp50: | -8.71% | |
| Price / MAexp100: | -9.58% |
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