GBP/HKD - 1H - Technical analysis published on 03/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 9.409 HKD
My targets
9.355 HKD (-0.039)
9.337 HKD (-0.057)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/HKD. As long as you are under the resistance located at 9.409 HKD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 9.355 HKD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 9.337 HKD as an objective. Crossing it would then enable sellers to target 8.919 HKD. If the resistance 9.409 HKD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6
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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 9.394 HKD. On the day, this instrument gained +0.16% with the lowest point at 9.379 HKD and the highest point at 9.396 HKD. The deviation from the price is +0.16% for the low point and -0.02% for the high point.9.379
9.396
9.394
Here is a more detailed summary of the historical variations registered by GBP/HKD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/HKD chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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 several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.337 | 9.355 | 9.392 | 9.394 | 9.409 | 9.442 | 9.473 |
| Change (%) | -0.61% | -0.42% | -0.02% | - | +0.16% | +0.51% | +0.84% |
| Change | -0.057 | -0.039 | -0.002 | - | +0.015 | +0.048 | +0.079 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.258 | 9.310 | 9.344 | 9.396 | 9.430 | 9.482 | 9.516 |
| Camarilla | 9.355 | 9.363 | 9.371 | 9.379 | 9.387 | 9.395 | 9.403 |
| Woodie | 9.250 | 9.306 | 9.336 | 9.392 | 9.422 | 9.478 | 9.508 |
| Fibonacci | 9.310 | 9.343 | 9.363 | 9.396 | 9.429 | 9.449 | 9.482 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.147 | 9.255 | 9.313 | 9.421 | 9.479 | 9.587 | 9.645 |
| Camarilla | 9.326 | 9.342 | 9.357 | 9.372 | 9.387 | 9.402 | 9.418 |
| Woodie | 9.123 | 9.243 | 9.289 | 9.409 | 9.455 | 9.575 | 9.621 |
| Fibonacci | 9.255 | 9.318 | 9.357 | 9.421 | 9.484 | 9.523 | 9.587 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.918 | 9.134 | 9.290 | 9.506 | 9.662 | 9.878 | 10.034 |
| Camarilla | 9.343 | 9.377 | 9.411 | 9.445 | 9.479 | 9.513 | 9.547 |
| Woodie | 8.887 | 9.119 | 9.259 | 9.491 | 9.631 | 9.863 | 10.003 |
| Fibonacci | 9.134 | 9.276 | 9.364 | 9.506 | 9.648 | 9.736 | 9.878 |
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): | 44.19 | |
| MACD (12,26,9): | -0.0130 | |
| Directional Movement: | -6.988 | |
| AROON (14): | -7.143 | |
| DEMA (21): | 9.371 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.361 | |
| Elder Ray (13): | 0.001 | |
| Super Trend (3,10): | 9.427 | |
| Zig ZAG (10): | 9.383 | |
| VORTEX (21): | 0.8780 | |
| Stochastique (14,3,5): | 39.18 | |
| TEMA (21): | 9.371 | |
| Williams %R (14): | -51.02 | |
| Chande Momentum Oscillator (20): | 0.009 | |
| Repulse (5,40,3): | 0.0740 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0240 | |
| Courbe Coppock: | 0.40 |
| MA7: | 9.416 | |
| MA20: | 9.451 | |
| MA50: | 9.507 | |
| MA100: | 9.378 | |
| MAexp7: | 9.381 | |
| MAexp20: | 9.389 | |
| MAexp50: | 9.411 | |
| MAexp100: | 9.423 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | -1.19% | |
| Price / MA100: | +0.17% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.31% |
Quotes :
-
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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