GBP/HKD - 1H - Technical analysis published on 05/20/2024 (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:
Bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 9.866 HKD
My targets
9.928 HKD (+0.020)
9.998 HKD (+0.090)
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 above the support located at 9.866 HKD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 9.928 HKD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 9.998 HKD as an objective. Crossing it would then enable buyers to target 10.055 HKD. If the support 9.866 HKD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.1
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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 9.908 HKD. The price registered a decrease of -0.02% on the session and was traded between 9.896 HKD and 9.923 HKD over the period. The price is currently at +0.12% from its lowest and -0.15% from its highest.9.896
9.923
9.908
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/HKD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/HKD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
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:
Near horizontal resistance
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 | 9.803 | 9.838 | 9.866 | 9.908 | 9.912 | 9.928 | 9.998 |
| Change (%) | -1.06% | -0.71% | -0.42% | - | +0.04% | +0.20% | +0.91% |
| Change | -0.105 | -0.070 | -0.042 | - | +0.004 | +0.020 | +0.090 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 9.826 | 9.845 | 9.878 | 9.897 | 9.930 | 9.949 | 9.982 |
| Camarilla | 9.896 | 9.901 | 9.905 | 9.910 | 9.915 | 9.920 | 9.924 |
| Woodie | 9.832 | 9.849 | 9.884 | 9.901 | 9.936 | 9.953 | 9.988 |
| Fibonacci | 9.845 | 9.865 | 9.878 | 9.897 | 9.917 | 9.930 | 9.949 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.671 | 9.721 | 9.816 | 9.866 | 9.961 | 10.011 | 10.106 |
| Camarilla | 9.870 | 9.883 | 9.897 | 9.910 | 9.923 | 9.937 | 9.950 |
| Woodie | 9.693 | 9.732 | 9.838 | 9.877 | 9.983 | 10.022 | 10.128 |
| Fibonacci | 9.721 | 9.777 | 9.811 | 9.866 | 9.922 | 9.956 | 10.011 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.307 | 9.472 | 9.622 | 9.787 | 9.937 | 10.102 | 10.252 |
| Camarilla | 9.684 | 9.713 | 9.742 | 9.771 | 9.800 | 9.829 | 9.858 |
| Woodie | 9.299 | 9.468 | 9.614 | 9.783 | 9.929 | 10.098 | 10.244 |
| Fibonacci | 9.472 | 9.593 | 9.667 | 9.787 | 9.908 | 9.982 | 10.102 |
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): | 52.76 | |
| MACD (12,26,9): | 0.0030 | |
| Directional Movement: | 8.666 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 9.912 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.902 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 9.892 | |
| Zig ZAG (10): | 9.908 | |
| VORTEX (21): | 0.9940 | |
| Stochastique (14,3,5): | 51.85 | |
| TEMA (21): | 9.911 | |
| Williams %R (14): | -55.56 | |
| Chande Momentum Oscillator (20): | 0.000 | |
| Repulse (5,40,3): | -0.0280 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0050 | |
| Courbe Coppock: | 0.03 |
| MA7: | 9.863 | |
| MA20: | 9.814 | |
| MA50: | 9.844 | |
| MA100: | 9.880 | |
| MAexp7: | 9.910 | |
| MAexp20: | 9.908 | |
| MAexp50: | 9.900 | |
| MAexp100: | 9.882 | |
| Price / MA7: | +0.46% | |
| Price / MA20: | +0.96% | |
| Price / MA50: | +0.65% | |
| Price / MA100: | +0.28% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.26% |
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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