GBP/HKD - 1H - Technical analysis published on 08/02/2023 (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:
Neutral
Underlying:
Bearish
Technical indicators
72%
6%
22%
My opinion
Bearish under 10.010 HKD
My targets
9.955 HKD (-0.014)
9.930 HKD (-0.039)
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 10.010 HKD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 9.955 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 9.930 HKD as an objective. Crossing it would then enable sellers to target 9.912 HKD. If the resistance 10.010 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
0.4
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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 9.969 HKD. The price is lower by -0.03% since the last closing and was traded between 9.949 HKD and 9.983 HKD over the period. The price is currently at +0.20% from its lowest and -0.14% from its highest.9.949
9.983
9.969
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/HKD indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
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
Parabolic SAR indicator bullish reversal
Type : Bullish
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.912 | 9.930 | 9.955 | 9.969 | 10.010 | 10.052 | 10.082 |
| Change (%) | -0.57% | -0.39% | -0.14% | - | +0.41% | +0.83% | +1.13% |
| Change | -0.057 | -0.039 | -0.014 | - | +0.041 | +0.083 | +0.113 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
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 | 9.851 | 9.891 | 9.931 | 9.971 | 10.011 | 10.051 | 10.091 |
| Camarilla | 9.950 | 9.957 | 9.965 | 9.972 | 9.979 | 9.987 | 9.994 |
| Woodie | 9.852 | 9.891 | 9.932 | 9.971 | 10.012 | 10.051 | 10.092 |
| Fibonacci | 9.891 | 9.921 | 9.940 | 9.971 | 10.001 | 10.020 | 10.051 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.754 | 9.855 | 9.937 | 10.038 | 10.120 | 10.221 | 10.303 |
| Camarilla | 9.970 | 9.987 | 10.003 | 10.020 | 10.037 | 10.054 | 10.070 |
| Woodie | 9.746 | 9.850 | 9.929 | 10.033 | 10.112 | 10.216 | 10.295 |
| Fibonacci | 9.855 | 9.925 | 9.968 | 10.038 | 10.108 | 10.151 | 10.221 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.488 | 9.700 | 9.853 | 10.065 | 10.218 | 10.430 | 10.583 |
| Camarilla | 9.905 | 9.938 | 9.972 | 10.005 | 10.039 | 10.072 | 10.105 |
| Woodie | 9.458 | 9.685 | 9.823 | 10.050 | 10.188 | 10.415 | 10.553 |
| Fibonacci | 9.700 | 9.840 | 9.926 | 10.065 | 10.205 | 10.291 | 10.430 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.38 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | 7.329 | |
| AROON (14): | 100.000 | |
| DEMA (21): | 9.961 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.949 | |
| Elder Ray (13): | 0.009 | |
| Super Trend (3,10): | 9.990 | |
| Zig ZAG (10): | 9.979 | |
| VORTEX (21): | 1.0270 | |
| Stochastique (14,3,5): | 78.88 | |
| TEMA (21): | 9.967 | |
| Williams %R (14): | -14.71 | |
| Chande Momentum Oscillator (20): | 0.022 | |
| Repulse (5,40,3): | 0.2150 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0120 | |
| Courbe Coppock: | 0.32 |
| MA7: | 10.016 | |
| MA20: | 10.080 | |
| MA50: | 9.953 | |
| MA100: | 9.851 | |
| MAexp7: | 9.968 | |
| MAexp20: | 9.968 | |
| MAexp50: | 9.983 | |
| MAexp100: | 10.003 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -1.10% | |
| Price / MA50: | +0.16% | |
| Price / MA100: | +1.20% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.34% |
Quotes :
-
Real time data
-
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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