GBP/HKD - 1H - Technical analysis published on 01/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
28%
50%
22%
My opinion
Bearish under 10.222 HKD
My targets
10.167 HKD (-0.012)
10.131 HKD (-0.048)
My analysis
The current short-term bearish acceleration registered on GBP/HKD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 10.222 HKD. Short-term sellers will use the support located at 10.167 HKD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 10.131 HKD. Crossing this support would then open the door for sellers to target 10.069 HKD. Caution, if there is a return to below 10.222 HKD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
2.1
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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 10.179 HKD. On the day, this instrument gained -0.18% and was between 10.166 HKD and 10.235 HKD. This implies that the price is at +0.13% from its lowest and at -0.55% from its highest.10.166
10.235
10.179
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of GBP/HKD indicates that the overall trend is not clearly defined. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 10.069 | 10.131 | 10.167 | 10.179 | 10.185 | 10.222 | 10.332 |
| Change (%) | -1.08% | -0.47% | -0.12% | - | +0.06% | +0.42% | +1.50% |
| Change | -0.110 | -0.048 | -0.012 | - | +0.006 | +0.043 | +0.153 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | 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 | 10.135 | 10.158 | 10.177 | 10.200 | 10.219 | 10.242 | 10.261 |
| Camarilla | 10.185 | 10.189 | 10.193 | 10.197 | 10.201 | 10.205 | 10.209 |
| Woodie | 10.134 | 10.157 | 10.176 | 10.199 | 10.218 | 10.241 | 10.260 |
| Fibonacci | 10.158 | 10.174 | 10.184 | 10.200 | 10.216 | 10.226 | 10.242 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.933 | 10.002 | 10.054 | 10.123 | 10.175 | 10.244 | 10.296 |
| Camarilla | 10.074 | 10.085 | 10.096 | 10.107 | 10.118 | 10.129 | 10.140 |
| Woodie | 9.926 | 9.998 | 10.047 | 10.119 | 10.168 | 10.240 | 10.289 |
| Fibonacci | 10.002 | 10.048 | 10.076 | 10.123 | 10.169 | 10.197 | 10.244 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.570 | 9.809 | 10.070 | 10.309 | 10.570 | 10.809 | 11.070 |
| Camarilla | 10.194 | 10.239 | 10.285 | 10.331 | 10.377 | 10.423 | 10.469 |
| Woodie | 9.581 | 9.815 | 10.081 | 10.315 | 10.581 | 10.815 | 11.081 |
| Fibonacci | 9.809 | 10.000 | 10.118 | 10.309 | 10.500 | 10.618 | 10.809 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.31 | |
| MACD (12,26,9): | -0.0050 | |
| Directional Movement: | -1.094 | |
| AROON (14): | -21.428 | |
| DEMA (21): | 10.186 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.225 | |
| Elder Ray (13): | -0.006 | |
| Super Trend (3,10): | 10.216 | |
| Zig ZAG (10): | 10.182 | |
| VORTEX (21): | 0.9730 | |
| Stochastique (14,3,5): | 17.39 | |
| TEMA (21): | 10.179 | |
| Williams %R (14): | -76.81 | |
| Chande Momentum Oscillator (20): | -0.016 | |
| Repulse (5,40,3): | 0.0320 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0030 | |
| Courbe Coppock: | 0.26 |
| MA7: | 10.158 | |
| MA20: | 10.183 | |
| MA50: | 10.185 | |
| MA100: | 10.038 | |
| MAexp7: | 10.183 | |
| MAexp20: | 10.190 | |
| MAexp50: | 10.187 | |
| MAexp100: | 10.173 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -0.04% | |
| Price / MA50: | -0.06% | |
| Price / MA100: | +1.40% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | +0.06% |
This member declared not having a position on this financial instrument or a related financial instrument.
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