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

GBP/CNH - 1H - Technical analysis published on 07/21/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 9.2843 CNH
My targets
9.1800 CNH (-0.0495)
9.1257 CNH (-0.1038)
My analysis
GBP/CNH 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 9.2843 CNH. The next support located at 9.1800 CNH is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 9.1257 CNH. Below this support, sellers could then target 8.6966 CNH. 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/CNH rating 9.2295 CNH. The price is lower by -0.06% since the last closing with the lowest point at 9.2052 CNH and the highest point at 9.2561 CNH. The deviation from the price is +0.26% for the low point and -0.29% for the high point.

9.2052
9.2561
9.2295

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/CNH chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



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:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near horizontal support

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.6966 9.1257 9.2221 9.2295 9.2843 9.3530 9.3954
Change (%) -5.77% -1.12% -0.08% - +0.59% +1.34% +1.80%
Change -0.5329 -0.1038 -0.0074 - +0.0548 +0.1235 +0.1659
Level Major Major 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
Standard9.05329.13779.18619.27069.31909.40359.4519
Camarilla9.19819.21029.22249.23469.24689.25909.2712
Woodie9.03539.12879.16829.26169.30119.39459.4340
Fibonacci9.13779.18849.21989.27069.32139.35279.4035


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.11979.18009.27479.33509.42979.49009.5847
Camarilla9.32679.34099.35519.36939.38359.39779.4119
Woodie9.13689.18869.29189.34369.44689.49869.6018
Fibonacci9.18009.23929.27589.33509.39429.43089.4900


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.50748.66148.94579.09979.38409.53809.8223
Camarilla9.10949.14969.18979.22999.27019.31039.3504
Woodie8.57258.69409.01089.13239.44919.57069.8874
Fibonacci8.66148.82898.93239.09979.26729.37069.5380

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 41.68
MACD (12,26,9): -0.0121
Directional Movement: -9.8039
AROON (14): -42.8571
DEMA (21): 9.2191
Parabolic SAR (0,02-0,02-0,2): 9.2471
Elder Ray (13): -0.0021
Super Trend (3,10): 9.2539
Zig ZAG (10): 9.2322
VORTEX (21): 0.9572
Stochastique (14,3,5): 26.06
TEMA (21): 9.2255
Williams %R (14): -49.71
Chande Momentum Oscillator (20): -0.0107
Repulse (5,40,3): 0.0179
ROCnROLL: 2
TRIX (15,9): -0.0214
Courbe Coppock: 0.13
MA7: 9.3350
MA20: 9.2707
MA50: 9.0544
MA100: 8.7931
MAexp7: 9.2273
MAexp20: 9.2371
MAexp50: 9.2689
MAexp100: 9.3013
Price / MA7: -1.13%
Price / MA20: -0.44%
Price / MA50: +1.93%
Price / MA100: +4.96%
Price / MAexp7: +0.02%
Price / MAexp20: -0.08%
Price / MAexp50: -0.43%
Price / MAexp100: -0.77%

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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