GBP/HKD - 1H - Technical analysis published on 06/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 9.579 HKD
My targets
9.715 HKD (+0.100)
9.769 HKD (+0.154)
My analysis
The bullish trend is currently very strong on GBP/HKD. As long as the price remains above the support at 9.579 HKD, you could try to benefit from the boom. The first bullish objective is located at 9.715 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.769 HKD as an objective. Crossing it would then enable buyers to target 10.185 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/HKD price is 9.615 HKD. On the day, this instrument gained +0.43% and was traded between 9.550 HKD and 9.623 HKD over the period. The price is currently at +0.68% from its lowest and -0.08% from its highest.9.550
9.623
9.615
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this GBP/HKD chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.528 | 9.579 | 9.610 | 9.615 | 9.769 | 10.185 | 10.504 |
| Change (%) | -0.90% | -0.37% | -0.05% | - | +1.60% | +5.93% | +9.25% |
| Change | -0.087 | -0.036 | -0.005 | - | +0.154 | +0.570 | +0.889 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.449 | 9.489 | 9.531 | 9.571 | 9.613 | 9.653 | 9.695 |
| Camarilla | 9.552 | 9.559 | 9.567 | 9.574 | 9.582 | 9.589 | 9.597 |
| Woodie | 9.451 | 9.490 | 9.533 | 9.572 | 9.615 | 9.654 | 9.697 |
| Fibonacci | 9.489 | 9.520 | 9.539 | 9.571 | 9.602 | 9.621 | 9.653 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.293 | 9.363 | 9.469 | 9.539 | 9.645 | 9.715 | 9.821 |
| Camarilla | 9.526 | 9.542 | 9.558 | 9.574 | 9.590 | 9.606 | 9.622 |
| Woodie | 9.310 | 9.372 | 9.486 | 9.548 | 9.662 | 9.724 | 9.838 |
| Fibonacci | 9.363 | 9.431 | 9.472 | 9.539 | 9.607 | 9.648 | 9.715 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.969 | 9.161 | 9.368 | 9.560 | 9.767 | 9.959 | 10.166 |
| Camarilla | 9.464 | 9.501 | 9.537 | 9.574 | 9.611 | 9.647 | 9.684 |
| Woodie | 8.976 | 9.165 | 9.375 | 9.564 | 9.774 | 9.963 | 10.173 |
| Fibonacci | 9.161 | 9.314 | 9.408 | 9.560 | 9.713 | 9.807 | 9.959 |
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): | 60.44 | |
| MACD (12,26,9): | 0.0140 | |
| Directional Movement: | 13.932 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 9.601 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.553 | |
| Elder Ray (13): | 0.018 | |
| Super Trend (3,10): | 9.556 | |
| Zig ZAG (10): | 9.605 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 74.77 | |
| TEMA (21): | 9.607 | |
| Williams %R (14): | -26.32 | |
| Chande Momentum Oscillator (20): | 0.030 | |
| Repulse (5,40,3): | 0.0250 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0180 | |
| Courbe Coppock: | 0.91 |
| MA7: | 9.531 | |
| MA20: | 9.522 | |
| MA50: | 9.565 | |
| MA100: | 9.763 | |
| MAexp7: | 9.604 | |
| MAexp20: | 9.584 | |
| MAexp50: | 9.563 | |
| MAexp100: | 9.541 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +0.52% | |
| Price / MA100: | -1.52% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | +0.54% | |
| Price / MAexp100: | +0.78% |
Quotes :
2020-06-01 07:18:39
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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