GBP/HKD - 1H - Technical analysis published on 01/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 9.664 HKD
My targets
9.723 HKD (+0.017)
9.746 HKD (+0.040)
My analysis
GBP/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 9.664 HKD. The next resistance located at 9.723 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 9.746 HKD. After this resistance, buyers could then target 9.858 HKD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/HKD price is 9.706 HKD. The price is lower by -0.01% since the last closing with the lowest point at 9.704 HKD and the highest point at 9.711 HKD. The deviation from the price is +0.02% for the low point and -0.05% for the high point.9.704
9.711
9.706
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/HKD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.602 | 9.645 | 9.664 | 9.706 | 9.710 | 9.723 | 9.746 |
| Change (%) | -1.07% | -0.63% | -0.43% | - | +0.04% | +0.18% | +0.41% |
| Change | -0.104 | -0.061 | -0.042 | - | +0.004 | +0.017 | +0.040 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 9.669 | 9.677 | 9.692 | 9.700 | 9.715 | 9.723 | 9.738 |
| Camarilla | 9.701 | 9.703 | 9.705 | 9.707 | 9.709 | 9.711 | 9.713 |
| Woodie | 9.673 | 9.679 | 9.696 | 9.702 | 9.719 | 9.725 | 9.742 |
| Fibonacci | 9.677 | 9.686 | 9.691 | 9.700 | 9.709 | 9.714 | 9.723 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.476 | 9.539 | 9.620 | 9.683 | 9.764 | 9.827 | 9.908 |
| Camarilla | 9.661 | 9.675 | 9.688 | 9.701 | 9.714 | 9.727 | 9.741 |
| Woodie | 9.485 | 9.544 | 9.629 | 9.688 | 9.773 | 9.832 | 9.917 |
| Fibonacci | 9.539 | 9.594 | 9.628 | 9.683 | 9.738 | 9.772 | 9.827 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.975 | 9.163 | 9.299 | 9.487 | 9.623 | 9.811 | 9.947 |
| Camarilla | 9.345 | 9.375 | 9.404 | 9.434 | 9.464 | 9.493 | 9.523 |
| Woodie | 8.948 | 9.150 | 9.272 | 9.474 | 9.596 | 9.798 | 9.920 |
| Fibonacci | 9.163 | 9.287 | 9.364 | 9.487 | 9.611 | 9.688 | 9.811 |
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): | 57.53 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | -0.463 | |
| AROON (14): | 71.429 | |
| DEMA (21): | 9.701 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.674 | |
| Elder Ray (13): | 0.008 | |
| Super Trend (3,10): | 9.723 | |
| Zig ZAG (10): | 9.708 | |
| VORTEX (21): | 1.0320 | |
| Stochastique (14,3,5): | 92.40 | |
| TEMA (21): | 9.703 | |
| Williams %R (14): | -6.52 | |
| Chande Momentum Oscillator (20): | 0.025 | |
| Repulse (5,40,3): | 0.1530 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0010 | |
| Courbe Coppock: | 0.33 |
| MA7: | 9.700 | |
| MA20: | 9.593 | |
| MA50: | 9.511 | |
| MA100: | 9.221 | |
| MAexp7: | 9.703 | |
| MAexp20: | 9.698 | |
| MAexp50: | 9.695 | |
| MAexp100: | 9.688 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +1.18% | |
| Price / MA50: | +2.05% | |
| Price / MA100: | +5.26% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.19% |
Quotes :
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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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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