GBP/HKD
GBP HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: GBPHKD
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GBP/HKD - 1H - Technical analysis published on 06/22/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Neutral
Technical indicators
94%
0%
6%
My opinion
Bullish above 9.560 HKD
My targets
9.653 HKD (+0.010)
9.731 HKD (+0.088)
My analysis
The current short-term bullish acceleration on GBP/HKD should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 9.560 HKD. Short-term buyers will use the resistance located at 9.653 HKD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 9.731 HKD. Crossing this resistance would then open the door for buyers to target 9.772 HKD. Caution, if there is a return to under 9.560 HKD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.1

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/HKD rating 9.643 HKD. On the day, this instrument gained +0.76% and was traded between 9.561 HKD and 9.653 HKD over the period. The price is currently at +0.86% from its lowest and -0.10% from its highest.

9.561
9.653
9.643

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/HKD:

Technical


Technical analysis of GBP/HKD in 1H shows a neutral overall trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour



Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 8.919 9.369 9.537 9.643 9.653 9.731 9.772
Change (%) -7.51% -2.84% -1.10% - +0.10% +0.91% +1.34%
Change -0.724 -0.274 -0.106 - +0.010 +0.088 +0.129
Level Intermediate Major Minor - Major Minor Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.4549.5119.5409.5979.6269.6839.712
Camarilla9.5469.5549.5629.5709.5789.5869.594
Woodie9.4419.5049.5279.5909.6139.6769.699
Fibonacci9.5119.5449.5649.5979.6309.6509.683


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.2149.3919.4809.6579.7469.92310.012
Camarilla9.4979.5219.5469.5709.5949.6199.643
Woodie9.1719.3699.4379.6359.7039.9019.969
Fibonacci9.3919.4929.5559.6579.7589.8219.923


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.9699.1619.3689.5609.7679.95910.166
Camarilla9.4649.5019.5379.5749.6119.6479.684
Woodie8.9769.1659.3759.5649.7749.96310.173
Fibonacci9.1619.3149.4089.5609.7139.8079.959

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): 64.81
MACD (12,26,9): 0.0090
Directional Movement: 13.705
AROON (14): 92.857
DEMA (21): 9.619
Parabolic SAR (0,02-0,02-0,2): 9.596
Elder Ray (13): 0.030
Super Trend (3,10): 9.591
Zig ZAG (10): 9.644
VORTEX (21): 1.1960
Stochastique (14,3,5): 93.11
TEMA (21): 9.636
Williams %R (14): -12.50
Chande Momentum Oscillator (20): 0.057
Repulse (5,40,3): 0.2120
ROCnROLL: 1
TRIX (15,9): 0.0020
Courbe Coppock: 1.02
MA7: 9.691
MA20: 9.706
MA50: 9.630
MA100: 9.703
MAexp7: 9.628
MAexp20: 9.612
MAexp50: 9.622
MAexp100: 9.656
Price / MA7: -0.50%
Price / MA20: -0.65%
Price / MA50: +0.13%
Price / MA100: -0.62%
Price / MAexp7: +0.16%
Price / MAexp20: +0.32%
Price / MAexp50: +0.22%
Price / MAexp100: -0.13%

Quotes : 2020-06-22 15:33:34 - Real time data - Forex

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

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