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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 08/02/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 9.2063 CNH
My targets
9.1544 CNH (-0.0226)
9.1257 CNH (-0.0513)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/CNH as long as the price remains well below 9.2063 CNH. The next bearish objective for sellers is set at 9.1544 CNH. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9.1257 CNH. If there is any crossing, the next objective would be the support located at 8.6966 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 over sold items that could be a sign of a short-term correction.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5

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

GBP/CNH rating 9.1770 CNH. The price is lower by -0.06% since the last closing and was between 9.1734 CNH and 9.2054 CNH. This implies that the price is at +0.04% from its lowest and at -0.31% from its highest.

9.1734
9.2054
9.1770

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/CNH in 1H shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

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 DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



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 horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

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 9.1257 9.1544 9.1701 9.1770 9.2063 9.2334 9.2830
Change (%) -0.56% -0.25% -0.08% - +0.32% +0.61% +1.16%
Change -0.0513 -0.0226 -0.0069 - +0.0293 +0.0564 +0.1060
Level Major Minor Intermediate - Major Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.10359.12899.15579.18119.20799.23339.2601
Camarilla9.16819.17289.17769.18249.18729.19209.1968
Woodie9.10419.12939.15639.18159.20859.23379.2607
Fibonacci9.12899.14899.16129.18119.20119.21349.2333


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.96969.05099.12059.20189.27149.35279.4223
Camarilla9.14879.16259.17649.19029.20409.21799.2317
Woodie8.96399.04809.11489.19899.26579.34989.4166
Fibonacci9.05099.10859.14419.20189.25949.29509.3527


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.77078.95149.06349.24419.35619.53689.6488
Camarilla9.09499.12179.14869.17549.20229.22919.2559
Woodie8.73648.93429.02919.22699.32189.51969.6145
Fibonacci8.95149.06329.13239.24419.35599.42509.5368

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): 47.54
MACD (12,26,9): 0.0015
Directional Movement: 0.1916
AROON (14): 50.0000
DEMA (21): 9.1875
Parabolic SAR (0,02-0,02-0,2): 9.1776
Elder Ray (13): -0.0034
Super Trend (3,10): 9.2014
Zig ZAG (10): 9.1809
VORTEX (21): 1.0852
Stochastique (14,3,5): 27.89
TEMA (21): 9.1895
Williams %R (14): -81.67
Chande Momentum Oscillator (20): -0.0016
Repulse (5,40,3): -0.1144
ROCnROLL: 2
TRIX (15,9): 0.0024
Courbe Coppock: 0.22
MA7: 9.1923
MA20: 9.2688
MA50: 9.1262
MA100: 8.8631
MAexp7: 9.1864
MAexp20: 9.1859
MAexp50: 9.1861
MAexp100: 9.1938
Price / MA7: -0.17%
Price / MA20: -0.99%
Price / MA50: +0.56%
Price / MA100: +3.54%
Price / MAexp7: -0.10%
Price / MAexp20: -0.10%
Price / MAexp50: -0.10%
Price / MAexp100: -0.18%

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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Londinia
Londinia AI

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