GBP/CNH - 1H - Technical analysis published on 10/13/2022 (GMT)
- 126
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 7.9305 CNH
My targets
7.9885 CNH (+0.0243)
8.0246 CNH (+0.0604)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/CNH as long as the price remains well above 7.9305 CNH. The buyers' bullish objective is set at 7.9885 CNH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8.0246 CNH. If there is any crossing, the next objective would be the resistance located at 8.0854 CNH. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.1
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/CNH rating 7.9642 CNH. On the day, this instrument lost -0.01% with the lowest point at 7.9513 CNH and the highest point at 7.9687 CNH. The deviation from the price is +0.16% for the low point and -0.06% for the high point.7.9513
7.9687
7.9642
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/CNH:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/CNH in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7.8784 | 7.9088 | 7.9305 | 7.9642 | 7.9673 | 7.9885 | 8.0246 |
| Change (%) | -1.08% | -0.70% | -0.42% | - | +0.04% | +0.31% | +0.76% |
| Change | -0.0858 | -0.0554 | -0.0337 | - | +0.0031 | +0.0243 | +0.0604 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.7450 | 7.7963 | 7.8808 | 7.9321 | 8.0166 | 8.0679 | 8.1524 |
| Camarilla | 7.9279 | 7.9403 | 7.9528 | 7.9652 | 7.9777 | 7.9901 | 8.0026 |
| Woodie | 7.7615 | 7.8046 | 7.8973 | 7.9404 | 8.0331 | 8.0762 | 8.1689 |
| Fibonacci | 7.7963 | 7.8482 | 7.8803 | 7.9321 | 7.9840 | 8.0161 | 8.0679 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.6131 | 7.7441 | 7.8262 | 7.9572 | 8.0393 | 8.1703 | 8.2524 |
| Camarilla | 7.8498 | 7.8693 | 7.8889 | 7.9084 | 7.9279 | 7.9475 | 7.9670 |
| Woodie | 7.5888 | 7.7319 | 7.8019 | 7.9450 | 8.0150 | 8.1581 | 8.2281 |
| Fibonacci | 7.7441 | 7.8255 | 7.8758 | 7.9572 | 8.0386 | 8.0889 | 8.1703 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.8151 | 7.1096 | 7.5425 | 7.8370 | 8.2699 | 8.5644 | 8.9973 |
| Camarilla | 7.7755 | 7.8421 | 7.9088 | 7.9755 | 8.0422 | 8.1089 | 8.1755 |
| Woodie | 6.8844 | 7.1442 | 7.6118 | 7.8716 | 8.3392 | 8.5990 | 9.0666 |
| Fibonacci | 7.1096 | 7.3874 | 7.5591 | 7.8370 | 8.1148 | 8.2865 | 8.5644 |
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): | 58.39 | |
| MACD (12,26,9): | 0.0119 | |
| Directional Movement: | 12.1528 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 7.9673 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.9533 | |
| Elder Ray (13): | 0.0073 | |
| Super Trend (3,10): | 7.9144 | |
| Zig ZAG (10): | 7.9619 | |
| VORTEX (21): | 1.2183 | |
| Stochastique (14,3,5): | 55.95 | |
| TEMA (21): | 7.9720 | |
| Williams %R (14): | -51.02 | |
| Chande Momentum Oscillator (20): | 0.0042 | |
| Repulse (5,40,3): | -0.0055 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0250 | |
| Courbe Coppock: | 0.36 |
| MA7: | 7.9377 | |
| MA20: | 7.9232 | |
| MA50: | 8.0268 | |
| MA100: | 8.1091 | |
| MAexp7: | 7.9610 | |
| MAexp20: | 7.9515 | |
| MAexp50: | 7.9361 | |
| MAexp100: | 7.9326 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | -0.78% | |
| Price / MA100: | -1.79% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.40% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis GBP/CNH - 1H