GBP/HKD - 1H - Technical analysis published on 10/04/2024 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 10.268 HKD
My targets
10.161 HKD (-0.034)
10.051 HKD (-0.144)
My analysis
The bearish basic trend is very strong on GBP/HKD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 10.268 HKD. Crossing the first support at 10.161 HKD would be a sign of a further potential price plummet. Sellers would then use the next support located at 10.051 HKD as an objective. Crossing it would then enable sellers to target 9.883 HKD. Caution, a return to above the resistance located at 10.268 HKD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
3.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/HKD rating 10.195 HKD. On the day, this instrument lost -0.01% and was traded between 10.191 HKD and 10.202 HKD over the period. The price is currently at +0.04% from its lowest and -0.07% from its highest.10.191
10.202
10.195
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/HKD:
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
A technical analysis in 1H of this GBP/HKD chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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:
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 | 9.883 | 10.051 | 10.161 | 10.195 | 10.197 | 10.268 | 10.341 |
| Change (%) | -3.06% | -1.41% | -0.33% | - | +0.02% | +0.72% | +1.43% |
| Change | -0.312 | -0.144 | -0.034 | - | +0.002 | +0.073 | +0.146 |
| Level | Minor | Major | Major | - | Minor | Major | Major |
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 | 10.007 | 10.088 | 10.142 | 10.223 | 10.277 | 10.358 | 10.412 |
| Camarilla | 10.159 | 10.171 | 10.184 | 10.196 | 10.208 | 10.221 | 10.233 |
| Woodie | 9.994 | 10.081 | 10.129 | 10.216 | 10.264 | 10.351 | 10.399 |
| Fibonacci | 10.088 | 10.140 | 10.171 | 10.223 | 10.275 | 10.306 | 10.358 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.184 | 10.250 | 10.322 | 10.388 | 10.460 | 10.526 | 10.598 |
| Camarilla | 10.356 | 10.369 | 10.381 | 10.394 | 10.407 | 10.419 | 10.432 |
| Woodie | 10.187 | 10.252 | 10.325 | 10.390 | 10.463 | 10.528 | 10.601 |
| Fibonacci | 10.250 | 10.303 | 10.335 | 10.388 | 10.441 | 10.473 | 10.526 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.894 | 10.017 | 10.208 | 10.331 | 10.522 | 10.645 | 10.836 |
| Camarilla | 10.313 | 10.341 | 10.370 | 10.399 | 10.428 | 10.457 | 10.485 |
| Woodie | 9.928 | 10.034 | 10.242 | 10.348 | 10.556 | 10.662 | 10.870 |
| Fibonacci | 10.017 | 10.137 | 10.211 | 10.331 | 10.451 | 10.525 | 10.645 |
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): | 37.06 | |
| MACD (12,26,9): | -0.0170 | |
| Directional Movement: | -16.273 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 10.179 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.177 | |
| Elder Ray (13): | 0.001 | |
| Super Trend (3,10): | 10.231 | |
| Zig ZAG (10): | 10.199 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 93.85 | |
| TEMA (21): | 10.185 | |
| Williams %R (14): | -12.12 | |
| Chande Momentum Oscillator (20): | 0.020 | |
| Repulse (5,40,3): | 0.0710 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0340 | |
| Courbe Coppock: | 0.05 |
| MA7: | 10.319 | |
| MA20: | 10.303 | |
| MA50: | 10.189 | |
| MA100: | 10.084 | |
| MAexp7: | 10.196 | |
| MAexp20: | 10.206 | |
| MAexp50: | 10.248 | |
| MAexp100: | 10.293 | |
| Price / MA7: | -1.20% | |
| Price / MA20: | -1.05% | |
| Price / MA50: | +0.06% | |
| Price / MA100: | +1.10% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.52% | |
| Price / MAexp100: | -0.95% |
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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