GBP/HKD
GBP HKD
- HKD (-)
- Real time data - Forex
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Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: GBPHKD
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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

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 9.171 HKD
My targets
-
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 9.171 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.3

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.

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

8.948
9.087
8.998

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/HKD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
R1
R2
R3
Price


PriceR1R2R3
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:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.5088.7098.8569.0579.2049.4059.552
Camarilla8.9078.9398.9719.0039.0359.0679.099
Woodie8.4818.6968.8299.0449.1779.3929.525
Fibonacci8.7098.8428.9249.0579.1909.2729.405


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.8878.3718.6879.1719.4879.97110.287
Camarilla8.7838.8568.9309.0039.0769.1509.223
Woodie7.8038.3298.6039.1299.4039.92910.203
Fibonacci8.3718.6778.8659.1719.4779.6659.971


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.5439.7319.86210.05010.18110.36910.500
Camarilla9.9049.9349.9639.99210.02110.05110.080
Woodie9.5149.7179.83310.03610.15210.35510.471
Fibonacci9.7319.8539.92910.05010.17210.24810.369

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): 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%

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

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