GBP/HKD - 1H - Technical analysis published on 07/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
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
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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 9.771 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.
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 9.696 | 9.731 | 9.749 | 9.784 | 9.802 | 9.837 | 9.855 |
Camarilla | 9.753 | 9.758 | 9.763 | 9.768 | 9.773 | 9.778 | 9.783 |
Woodie | 9.689 | 9.727 | 9.742 | 9.780 | 9.795 | 9.833 | 9.848 |
Fibonacci | 9.731 | 9.751 | 9.763 | 9.784 | 9.804 | 9.816 | 9.837 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9.329 | 9.413 | 9.543 | 9.627 | 9.757 | 9.841 | 9.971 |
Camarilla | 9.615 | 9.635 | 9.654 | 9.674 | 9.694 | 9.713 | 9.733 |
Woodie | 9.353 | 9.425 | 9.567 | 9.639 | 9.781 | 9.853 | 9.995 |
Fibonacci | 9.413 | 9.494 | 9.545 | 9.627 | 9.708 | 9.759 | 9.841 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8.989 | 9.242 | 9.422 | 9.675 | 9.855 | 10.108 | 10.288 |
Camarilla | 9.482 | 9.522 | 9.561 | 9.601 | 9.641 | 9.680 | 9.720 |
Woodie | 8.952 | 9.224 | 9.385 | 9.657 | 9.818 | 10.090 | 10.251 |
Fibonacci | 9.242 | 9.408 | 9.510 | 9.675 | 9.841 | 9.943 | 10.108 |
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
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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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