GBP/HKD - Daily - Technical analysis published on 03/19/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 9.053 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 9.053 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7.7
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/HKD rating 8.963 HKD. The price registered a decrease of -0.58% on the session and was between 8.908 HKD and 9.026 HKD. This implies that the price is at +0.62% from its lowest and at -0.70% from its highest.8.908
9.026
8.963
Here is a more detailed summary of the historical variations registered by GBP/HKD:
New LOW record (5 years)
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 Daily 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. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Long black line
Type : Bearish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 8.963 | 9.369 | 9.579 | 9.765 |
| Change (%) | - | +4.53% | +6.87% | +8.95% |
| Change | - | +0.406 | +0.616 | +0.802 |
| Level | - | Major | Minor | 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 | 8.291 | 8.597 | 8.806 | 9.112 | 9.321 | 9.627 | 9.836 |
| Camarilla | 8.873 | 8.921 | 8.968 | 9.015 | 9.062 | 9.109 | 9.157 |
| Woodie | 8.243 | 8.573 | 8.758 | 9.088 | 9.273 | 9.603 | 9.788 |
| Fibonacci | 8.597 | 8.794 | 8.915 | 9.112 | 9.309 | 9.430 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 14.68 | |
| MACD (12,26,9): | -0.2260 | |
| Directional Movement: | -41.170 | |
| AROON (14): | -50.000 | |
| DEMA (21): | 9.478 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.985 | |
| Elder Ray (13): | -0.629 | |
| Super Trend (3,10): | 9.484 | |
| Zig ZAG (10): | 8.974 | |
| VORTEX (21): | 0.6190 | |
| Stochastique (14,3,5): | 7.54 | |
| TEMA (21): | 9.306 | |
| Williams %R (14): | -94.68 | |
| Chande Momentum Oscillator (20): | -0.988 | |
| Repulse (5,40,3): | -5.3950 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1540 | |
| Courbe Coppock: | 11.81 |
| MA7: | 9.458 | |
| MA20: | 9.844 | |
| MA50: | 10.006 | |
| MA100: | 10.088 | |
| MAexp7: | 9.383 | |
| MAexp20: | 9.726 | |
| MAexp50: | 9.930 | |
| MAexp100: | 9.991 | |
| Price / MA7: | -5.23% | |
| Price / MA20: | -8.95% | |
| Price / MA50: | -10.42% | |
| Price / MA100: | -11.15% | |
| Price / MAexp7: | -4.48% | |
| Price / MAexp20: | -7.84% | |
| Price / MAexp50: | -9.74% | |
| Price / MAexp100: | -10.29% |
This member declared not having a position on this financial instrument or a related financial instrument.
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