GBP/HKD - Daily - Technical analysis published on 03/18/2020 (GMT)
- Who voted?
- 173
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 9.369 HKD
My targets
-
My analysis
The bearish trend is currently very strong for GBP/HKD. As long as the price remains below the resistance at 9.369 HKD, you could try to take advantage of the bearish rally. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/HKD rating is 9.240 HKD. The price registered a decrease of -1.75% on the session and was between 9.222 HKD and 9.418 HKD. This implies that the price is at +0.20% from its lowest and at -1.89% from its highest.9.222
9.418
9.240
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/HKD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/HKD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 2 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 9.240 | 9.369 | 9.579 | 9.765 |
| Change (%) | - | +1.40% | +3.67% | +5.68% |
| Change | - | +0.129 | +0.339 | +0.525 |
| Level | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.096 | 9.207 | 9.306 | 9.417 | 9.516 | 9.627 | 9.726 |
| Camarilla | 9.347 | 9.367 | 9.386 | 9.405 | 9.424 | 9.444 | 9.463 |
| Woodie | 9.090 | 9.204 | 9.300 | 9.414 | 9.510 | 9.624 | 9.720 |
| Fibonacci | 9.207 | 9.287 | 9.337 | 9.417 | 9.497 | 9.547 | 9.627 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.575 | 9.053 | 9.301 | 9.779 | 10.027 | 10.505 | 10.753 |
| Camarilla | 9.349 | 9.416 | 9.483 | 9.549 | 9.616 | 9.682 | 9.749 |
| Woodie | 8.460 | 8.996 | 9.186 | 9.722 | 9.912 | 10.448 | 10.638 |
| Fibonacci | 9.053 | 9.330 | 9.502 | 9.779 | 10.056 | 10.228 | 10.505 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.543 | 9.731 | 9.862 | 10.050 | 10.181 | 10.369 | 10.500 |
| Camarilla | 9.904 | 9.934 | 9.963 | 9.992 | 10.021 | 10.051 | 10.080 |
| Woodie | 9.514 | 9.717 | 9.833 | 10.036 | 10.152 | 10.355 | 10.471 |
| Fibonacci | 9.731 | 9.853 | 9.929 | 10.050 | 10.172 | 10.248 | 10.369 |
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): | 18.32 | |
| MACD (12,26,9): | -0.1650 | |
| Directional Movement: | -33.664 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 9.644 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.105 | |
| Elder Ray (13): | -0.410 | |
| Super Trend (3,10): | 9.760 | |
| Zig ZAG (10): | 9.226 | |
| VORTEX (21): | 0.6720 | |
| Stochastique (14,3,5): | 5.26 | |
| TEMA (21): | 9.518 | |
| Williams %R (14): | -99.90 | |
| Chande Momentum Oscillator (20): | -0.712 | |
| Repulse (5,40,3): | -5.4390 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1130 | |
| Courbe Coppock: | 8.37 |
| MA7: | 9.644 | |
| MA20: | 9.908 | |
| MA50: | 10.035 | |
| MA100: | 10.101 | |
| MAexp7: | 9.581 | |
| MAexp20: | 9.827 | |
| MAexp50: | 9.978 | |
| MAexp100: | 10.016 | |
| Price / MA7: | -4.19% | |
| Price / MA20: | -6.74% | |
| Price / MA50: | -7.92% | |
| Price / MA100: | -8.52% | |
| Price / MAexp7: | -3.56% | |
| Price / MAexp20: | -5.97% | |
| Price / MAexp50: | -7.40% | |
| Price / MAexp100: | -7.75% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis GBP/HKD - Daily