JPY/HKD - 1H - Technical analysis published on 11/27/2023 (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 bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.05227 HKD
My targets
0.05247 HKD (+0.00011)
0.05263 HKD (+0.00027)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/HKD as long as the price remains well above 0.05227 HKD. The buyers' bullish objective is set at 0.05247 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.05263 HKD. If there is any crossing, the next objective would be the resistance located at 0.05297 HKD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.3
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
JPY/HKD rating 0.05236 HKD. The price registered an increase of +0.40% on the session and was traded between 0.05204 HKD and 0.05240 HKD over the period. The price is currently at +0.61% from its lowest and -0.08% from its highest.0.05204
0.05240
0.05236
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
Here is a more detailed summary of the historical variations registered by JPY/HKD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this JPY/HKD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.05193 | 0.05207 | 0.05227 | 0.05236 | 0.05247 | 0.05263 | 0.05297 |
| Change (%) | -0.82% | -0.55% | -0.17% | - | +0.21% | +0.52% | +1.17% |
| Change | -0.00043 | -0.00029 | -0.00009 | - | +0.00011 | +0.00027 | +0.00061 |
| Level | Minor | Major | Major | - | Minor | Minor | Intermediate |
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 | 0.05188 | 0.05198 | 0.05206 | 0.05216 | 0.05224 | 0.05234 | 0.05242 |
| Camarilla | 0.05210 | 0.05212 | 0.05213 | 0.05215 | 0.05217 | 0.05218 | 0.05220 |
| Woodie | 0.05188 | 0.05198 | 0.05206 | 0.05216 | 0.05224 | 0.05234 | 0.05242 |
| Fibonacci | 0.05198 | 0.05205 | 0.05209 | 0.05216 | 0.05223 | 0.05227 | 0.05234 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05077 | 0.05138 | 0.05176 | 0.05237 | 0.05275 | 0.05336 | 0.05374 |
| Camarilla | 0.05188 | 0.05197 | 0.05206 | 0.05215 | 0.05224 | 0.05233 | 0.05242 |
| Woodie | 0.05067 | 0.05132 | 0.05166 | 0.05231 | 0.05265 | 0.05330 | 0.05364 |
| Fibonacci | 0.05138 | 0.05176 | 0.05199 | 0.05237 | 0.05275 | 0.05298 | 0.05336 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04953 | 0.05054 | 0.05113 | 0.05214 | 0.05273 | 0.05374 | 0.05433 |
| Camarilla | 0.05127 | 0.05142 | 0.05156 | 0.05171 | 0.05186 | 0.05200 | 0.05215 |
| Woodie | 0.04931 | 0.05044 | 0.05091 | 0.05204 | 0.05251 | 0.05364 | 0.05411 |
| Fibonacci | 0.05054 | 0.05116 | 0.05153 | 0.05214 | 0.05276 | 0.05313 | 0.05374 |
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): | 63.92 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 10.29051 | |
| AROON (14): | 85.71429 | |
| DEMA (21): | 0.05230 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05221 | |
| Elder Ray (13): | 0.00007 | |
| Super Trend (3,10): | 0.05214 | |
| Zig ZAG (10): | 0.05233 | |
| VORTEX (21): | 1.1141 | |
| Stochastique (14,3,5): | 77.70 | |
| TEMA (21): | 0.05234 | |
| Williams %R (14): | -30.43 | |
| Chande Momentum Oscillator (20): | 0.00008 | |
| Repulse (5,40,3): | -0.0395 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0095 | |
| Courbe Coppock: | 0.54 |
| MA7: | 0.05229 | |
| MA20: | 0.05199 | |
| MA50: | 0.05226 | |
| MA100: | 0.05331 | |
| MAexp7: | 0.05231 | |
| MAexp20: | 0.05226 | |
| MAexp50: | 0.05222 | |
| MAexp100: | 0.05223 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | +0.19% | |
| Price / MA100: | -1.78% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.25% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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