GBP/HKD
GBP HKD
- HKD (-)
- Real time data - Forex
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Type: Forex
Ticker: GBPHKD
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GBP/HKD - 1H - Technical analysis published on 07/10/2020 (GMT)

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

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 9.710 HKD
My targets
9.818 HKD (+0.047)
9.971 HKD (+0.200)
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/HKD as long as the price remains well above 9.710 HKD. The buyers” bullish objective is set at 9.818 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.971 HKD. If there is any crossing, the next objective would be the resistance located at 10.006 HKD. 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.2

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

The GBP/HKD price is 9.771 HKD. The price has increased by +0.03% since the last closing and was between 9.740 HKD and 9.778 HKD. This implies that the price is at +0.32% from its lowest and at -0.07% from its highest.

9.740
9.778
9.771

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of this 1H chart of GBP/HKD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Moving Average bearish crossovers : MA20 & MA50

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 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 1

Type : Neutral

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Horizontal support 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 9.539 9.655 9.710 9.771 9.772 9.818 10.006
Change (%) -2.37% -1.19% -0.62% - +0.01% +0.48% +2.41%
Change -0.232 -0.116 -0.061 - +0.001 +0.047 +0.235
Level Intermediate Intermediate Minor - Major Intermediate Minor



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
Standard9.6969.7319.7499.7849.8029.8379.855
Camarilla9.7539.7589.7639.7689.7739.7789.783
Woodie9.6899.7279.7429.7809.7959.8339.848
Fibonacci9.7319.7519.7639.7849.8049.8169.837


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9.3299.4139.5439.6279.7579.8419.971
Camarilla9.6159.6359.6549.6749.6949.7139.733
Woodie9.3539.4259.5679.6399.7819.8539.995
Fibonacci9.4139.4949.5459.6279.7089.7599.841


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.9899.2429.4229.6759.85510.10810.288
Camarilla9.4829.5229.5619.6019.6419.6809.720
Woodie8.9529.2249.3859.6579.81810.09010.251
Fibonacci9.2429.4089.5109.6759.8419.94310.108

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): 47.51
MACD (12,26,9): -0.0050
Directional Movement: -4.119
AROON (14): -85.714
DEMA (21): 9.760
Parabolic SAR (0,02-0,02-0,2): 9.740
Elder Ray (13): 0.002
Super Trend (3,10): 9.782
Zig ZAG (10): 9.762
VORTEX (21): 0.8320
Stochastique (14,3,5): 54.74
TEMA (21): 9.752
Williams %R (14): -29.41
Chande Momentum Oscillator (20): -0.005
Repulse (5,40,3): 0.1250
ROCnROLL: 1
TRIX (15,9): -0.0060
Courbe Coppock: 0.41
MA7: 9.721
MA20: 9.676
MA50: 9.636
MA100: 9.647
MAexp7: 9.761
MAexp20: 9.765
MAexp50: 9.761
MAexp100: 9.739
Price / MA7: +0.51%
Price / MA20: +0.98%
Price / MA50: +1.40%
Price / MA100: +1.29%
Price / MAexp7: +0.10%
Price / MAexp20: +0.06%
Price / MAexp50: +0.10%
Price / MAexp100: +0.33%

Quotes : 2020-07-10 09:53:56 - Real time data - Forex

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

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