JPY/HKD - 1H - Technical analysis published on 08/09/2023 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 0.05483 HKD
My targets
0.05445 HKD (-0.00008)
0.05413 HKD (-0.00040)
My analysis
JPY/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.05483 HKD. The next support located at 0.05445 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.05413 HKD. Below this support, sellers could then target 0.05227 HKD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/HKD rating is 0.05453 HKD. On the day, this instrument lost -0.02% with the lowest point at 0.05449 HKD and the highest point at 0.05465 HKD. The deviation from the price is +0.07% for the low point and -0.22% for the high point.0.05449
0.05465
0.05453
Here is a more detailed summary of the historical variations registered by JPY/HKD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JPY/HKD indicates that the overall trend is strongly bearish. 82.14% 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 market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
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 | 0.05227 | 0.05413 | 0.05445 | 0.05453 | 0.05483 | 0.05518 | 0.05569 |
| Change (%) | -4.14% | -0.73% | -0.15% | - | +0.55% | +1.19% | +2.13% |
| Change | -0.00226 | -0.00040 | -0.00008 | - | +0.00030 | +0.00065 | +0.00116 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | 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 | 0.05407 | 0.05426 | 0.05440 | 0.05459 | 0.05473 | 0.05492 | 0.05506 |
| Camarilla | 0.05445 | 0.05448 | 0.05451 | 0.05454 | 0.05457 | 0.05460 | 0.05463 |
| Woodie | 0.05405 | 0.05425 | 0.05438 | 0.05458 | 0.05471 | 0.05491 | 0.05504 |
| Fibonacci | 0.05426 | 0.05439 | 0.05446 | 0.05459 | 0.05472 | 0.05479 | 0.05492 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05325 | 0.05374 | 0.05443 | 0.05492 | 0.05561 | 0.05610 | 0.05679 |
| Camarilla | 0.05479 | 0.05489 | 0.05500 | 0.05511 | 0.05522 | 0.05533 | 0.05544 |
| Woodie | 0.05334 | 0.05379 | 0.05452 | 0.05497 | 0.05570 | 0.05615 | 0.05688 |
| Fibonacci | 0.05374 | 0.05419 | 0.05447 | 0.05492 | 0.05537 | 0.05565 | 0.05610 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05066 | 0.05236 | 0.05357 | 0.05527 | 0.05648 | 0.05818 | 0.05939 |
| Camarilla | 0.05399 | 0.05426 | 0.05452 | 0.05479 | 0.05506 | 0.05532 | 0.05559 |
| Woodie | 0.05043 | 0.05224 | 0.05334 | 0.05515 | 0.05625 | 0.05806 | 0.05916 |
| Fibonacci | 0.05236 | 0.05347 | 0.05416 | 0.05527 | 0.05638 | 0.05707 | 0.05818 |
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): | 46.00 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 4.75141 | |
| AROON (14): | 85.71429 | |
| DEMA (21): | 0.05454 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05447 | |
| Elder Ray (13): | 0.00001 | |
| Super Trend (3,10): | 0.05471 | |
| Zig ZAG (10): | 0.05455 | |
| VORTEX (21): | 1.0152 | |
| Stochastique (14,3,5): | 65.69 | |
| TEMA (21): | 0.05457 | |
| Williams %R (14): | -55.56 | |
| Chande Momentum Oscillator (20): | 0.00005 | |
| Repulse (5,40,3): | -0.1072 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0081 | |
| Courbe Coppock: | 0.15 |
| MA7: | 0.05467 | |
| MA20: | 0.05538 | |
| MA50: | 0.05533 | |
| MA100: | 0.05675 | |
| MAexp7: | 0.05457 | |
| MAexp20: | 0.05457 | |
| MAexp50: | 0.05463 | |
| MAexp100: | 0.05471 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | -1.53% | |
| Price / MA50: | -1.45% | |
| Price / MA100: | -3.91% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.33% |
Quotes :
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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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