GBP/HKD - 1H - Technical analysis published on 09/26/2019 (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
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 9.678 HKD
My targets
9.643 HKD (-0.24%)
9.462 HKD (-2.11%)
My analysis
The bearish trend is currently very strong for GBP/HKD. As long as the price remains below the resistance at 9.678 HKD, you could try to take advantage of the bearish rally. The first bearish objective is located at 9.643 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9.462 HKD as an objective. Crossing it would then enable sellers to target 9.337 HKD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/HKD rating is 9.666 HKD. The price registered a decrease of -0.22% on the session and was between 9.665 HKD and 9.705 HKD. This implies that the price is at +0.01% from its lowest and at -0.40% from its highest.9.665
9.705
9.666
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/HKD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
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 | 9.337 | 9.462 | 9.643 | 9.666 | 9.678 | 9.694 | 9.732 |
| Change (%) | -3.40% | -2.11% | -0.24% | - | +0.12% | +0.29% | +0.68% |
| Change | -0.329 | -0.204 | -0.023 | - | +0.012 | +0.028 | +0.066 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.533 | 9.606 | 9.646 | 9.719 | 9.759 | 9.832 | 9.872 |
| Camarilla | 9.656 | 9.666 | 9.677 | 9.687 | 9.697 | 9.708 | 9.718 |
| Woodie | 9.518 | 9.598 | 9.631 | 9.711 | 9.744 | 9.824 | 9.857 |
| Fibonacci | 9.606 | 9.649 | 9.676 | 9.719 | 9.762 | 9.789 | 9.832 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.533 | 9.613 | 9.695 | 9.775 | 9.857 | 9.937 | 10.019 |
| Camarilla | 9.733 | 9.747 | 9.762 | 9.777 | 9.792 | 9.807 | 9.822 |
| Woodie | 9.534 | 9.614 | 9.696 | 9.776 | 9.858 | 9.938 | 10.020 |
| Fibonacci | 9.613 | 9.675 | 9.713 | 9.775 | 9.837 | 9.875 | 9.937 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.188 | 9.305 | 9.421 | 9.538 | 9.654 | 9.771 | 9.887 |
| Camarilla | 9.472 | 9.493 | 9.515 | 9.536 | 9.557 | 9.579 | 9.600 |
| Woodie | 9.187 | 9.305 | 9.420 | 9.538 | 9.653 | 9.771 | 9.886 |
| Fibonacci | 9.305 | 9.394 | 9.449 | 9.538 | 9.627 | 9.682 | 9.771 |
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): | 28.77 | |
| MACD (12,26,9): | -0.0150 | |
| Directional Movement: | -22.354 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 9.675 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.703 | |
| Elder Ray (13): | -0.015 | |
| Super Trend (3,10): | 9.707 | |
| Zig ZAG (10): | 9.669 | |
| VORTEX (21): | 0.8520 | |
| Stochastique (14,3,5): | 6.20 | |
| TEMA (21): | 9.673 | |
| Williams %R (14): | -97.50 | |
| Chande Momentum Oscillator (20): | -0.015 | |
| Repulse (5,40,3): | -0.3280 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0260 | |
| Courbe Coppock: | 0.10 |
| MA7: | 9.750 | |
| MA20: | 9.679 | |
| MA50: | 9.614 | |
| MA100: | 9.762 | |
| MAexp7: | 9.689 | |
| MAexp20: | 9.696 | |
| MAexp50: | 9.722 | |
| MAexp100: | 9.739 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | -0.98% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | -0.75% |
This member declared not having a position on this financial instrument or a related financial instrument.
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