GBP/HKD - 1H - Technical analysis published on 12/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
44%
28%
28%
My opinion
Bullish above 9.894 HKD
My targets
9.937 HKD (+0.014)
9.949 HKD (+0.026)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GBP/HKD as long as the price remains well above 9.894 HKD. The buyers' bullish objective is set at 9.937 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9.949 HKD. If there is any crossing, the next objective would be the resistance located at 9.965 HKD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5
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Additional analysis
Quotes
The GBP/HKD rating is 9.923 HKD. The price registered a decrease of -0.02% on the session and was between 9.918 HKD and 9.942 HKD. This implies that the price is at +0.05% from its lowest and at -0.19% from its highest.9.918
9.942
9.923
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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 GBP/HKD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.854 | 9.894 | 9.922 | 9.923 | 9.937 | 9.949 | 9.965 |
| Change (%) | -0.70% | -0.29% | -0.01% | - | +0.14% | +0.26% | +0.42% |
| Change | -0.069 | -0.029 | -0.001 | - | +0.014 | +0.026 | +0.042 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Minor |
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 | 9.836 | 9.859 | 9.892 | 9.915 | 9.948 | 9.971 | 10.004 |
| Camarilla | 9.910 | 9.915 | 9.920 | 9.925 | 9.930 | 9.935 | 9.940 |
| Woodie | 9.841 | 9.862 | 9.897 | 9.918 | 9.953 | 9.974 | 10.009 |
| Fibonacci | 9.859 | 9.880 | 9.894 | 9.915 | 9.936 | 9.950 | 9.971 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.685 | 9.751 | 9.832 | 9.898 | 9.979 | 10.045 | 10.126 |
| Camarilla | 9.872 | 9.885 | 9.899 | 9.912 | 9.926 | 9.939 | 9.952 |
| Woodie | 9.692 | 9.755 | 9.839 | 9.902 | 9.986 | 10.049 | 10.133 |
| Fibonacci | 9.751 | 9.808 | 9.842 | 9.898 | 9.955 | 9.989 | 10.045 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.286 | 9.503 | 9.706 | 9.923 | 10.126 | 10.343 | 10.546 |
| Camarilla | 9.794 | 9.832 | 9.871 | 9.909 | 9.948 | 9.986 | 10.025 |
| Woodie | 9.279 | 9.500 | 9.699 | 9.920 | 10.119 | 10.340 | 10.539 |
| Fibonacci | 9.503 | 9.663 | 9.763 | 9.923 | 10.083 | 10.183 | 10.343 |
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): | 52.43 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 6.948 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 9.923 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.902 | |
| Elder Ray (13): | -0.001 | |
| Super Trend (3,10): | 9.901 | |
| Zig ZAG (10): | 9.922 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 46.39 | |
| TEMA (21): | 9.925 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | 0.006 | |
| Repulse (5,40,3): | -0.0570 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0020 | |
| Courbe Coppock: | 0.25 |
| MA7: | 9.917 | |
| MA20: | 9.865 | |
| MA50: | 9.993 | |
| MA100: | 10.089 | |
| MAexp7: | 9.923 | |
| MAexp20: | 9.921 | |
| MAexp50: | 9.919 | |
| MAexp100: | 9.915 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.59% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | -1.65% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.08% |
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.
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