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GBP/CNH
GBP CNH
- CNH (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPCNH
ISIN:

GBP/CNH - 1H - Technical analysis published on 06/13/2023 (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
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 8.9659 CNH
My targets
9.0106 CNH (+0.0259)
9.1257 CNH (+0.1410)
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 8.9659 CNH. The buyers' bullish objective is set at 9.0106 CNH. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.1257 CNH. If there is any crossing, the next objective would be the resistance located at 9.3530 CNH. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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
6.1

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.

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

Additional analysis

Quotes

The GBP/CNH rating is 8.9847 CNH. The price registered an increase of +0.33% on the session and was between 8.9537 CNH and 8.9859 CNH. This implies that the price is at +0.35% from its lowest and at -0.01% from its highest.

8.9537
8.9859
8.9847

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

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GBP/CNH indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.9112 8.9404 8.9659 8.9847 8.9900 9.0106 9.1257
Change (%) -0.82% -0.49% -0.21% - +0.06% +0.29% +1.57%
Change -0.0735 -0.0443 -0.0188 - +0.0053 +0.0259 +0.1410
Level Intermediate Major Minor - 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
Standard8.85468.89698.92608.96838.99749.03979.0688
Camarilla8.93558.94208.94868.95518.96178.96828.9747
Woodie8.84808.89368.91948.96508.99089.03649.0622
Fibonacci8.89698.92428.94108.96838.99569.01249.0397


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.69288.75428.86768.92909.04249.10389.2172
Camarilla8.93308.94918.96518.98118.99719.01329.0292
Woodie8.71898.76728.89378.94209.06859.11689.2433
Fibonacci8.75428.82098.86228.92908.99579.03709.1038


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.48558.56238.70998.78678.93439.01119.1587
Camarilla8.79598.81658.83708.85768.87828.89878.9193
Woodie8.52108.58008.74548.80448.96989.02889.1942
Fibonacci8.56238.64808.70108.78678.87248.92549.0111

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): 58.66
MACD (12,26,9): -0.0042
Directional Movement: 11.0478
AROON (14): -28.5714
DEMA (21): 8.9604
Parabolic SAR (0,02-0,02-0,2): 8.9392
Elder Ray (13): 0.0077
Super Trend (3,10): 8.9402
Zig ZAG (10): 8.9802
VORTEX (21): 0.8624
Stochastique (14,3,5): 46.58
TEMA (21): 8.9535
Williams %R (14): -20.31
Chande Momentum Oscillator (20): 0.0187
Repulse (5,40,3): 0.3787
ROCnROLL: 1
TRIX (15,9): -0.0087
Courbe Coppock: 0.65
MA7: 8.9237
MA20: 8.8305
MA50: 8.7144
MA100: 8.5277
MAexp7: 8.9634
MAexp20: 8.9653
MAexp50: 8.9615
MAexp100: 8.9387
Price / MA7: +0.68%
Price / MA20: +1.75%
Price / MA50: +3.10%
Price / MA100: +5.36%
Price / MAexp7: +0.23%
Price / MAexp20: +0.21%
Price / MAexp50: +0.25%
Price / MAexp100: +0.51%

Quotes : - Real time data - Forex

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

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