JPY/HKD

- HKD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	JPYHKD
ISIN:

JPY/HKD - 1H - Technical analysis published on 01/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.05415 HKD

My targets

0.05465 HKD (+0.00028)

0.05504 HKD (+0.00067)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on JPY/HKD. This is a positive signal for buyers. As long as the price remains above 0.05415 HKD, a purchase could be considered. The first bullish objective is located at 0.05465 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.05504 HKD as an objective. Crossing it would then enable buyers to target 0.05539 HKD. In the event of a return below 0.05415 HKD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.1

Comment on the analysis

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

The JPY/HKD rating is 0.05437 HKD. The price has increased by +0.44% since the last closing and was between 0.05411 HKD and 0.05445 HKD. This implies that the price is at +0.48% from its lowest and at -0.15% from its highest.

0.05411

0.05445

0.05437

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of JPY/HKD in 1H shows an overall bullish trend. 67.86% 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 currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.05372	0.05396	0.05415	0.05437	0.05465	0.05504	0.05539
Change (%)	-1.20%	-0.75%	-0.40%	-	+0.51%	+1.23%	+1.88%
Change	-0.00065	-0.00041	-0.00022	-	+0.00028	+0.00067	+0.00102
Level	Minor	Intermediate	Major	-	Minor	Minor	Major

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	0.05348	0.05369	0.05391	0.05412	0.05434	0.05455	0.05477
Camarilla	0.05401	0.05405	0.05409	0.05413	0.05417	0.05421	0.05425
Woodie	0.05349	0.05369	0.05392	0.05412	0.05435	0.05455	0.05478
Fibonacci	0.05369	0.05385	0.05396	0.05412	0.05428	0.05439	0.05455

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.05124	0.05237	0.05319	0.05432	0.05514	0.05627	0.05709
Camarilla	0.05346	0.05364	0.05382	0.05400	0.05418	0.05436	0.05454
Woodie	0.05108	0.05229	0.05303	0.05424	0.05498	0.05619	0.05693
Fibonacci	0.05237	0.05312	0.05358	0.05432	0.05507	0.05553	0.05627

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.05042	0.05155	0.05346	0.05459	0.05650	0.05763	0.05954
Camarilla	0.05454	0.05482	0.05510	0.05538	0.05566	0.05594	0.05622
Woodie	0.05082	0.05175	0.05386	0.05479	0.05690	0.05783	0.05994
Fibonacci	0.05155	0.05271	0.05343	0.05459	0.05575	0.05647	0.05763

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):	65.63
MACD (12,26,9):	0.0001
Directional Movement:	23.84993
AROON (14):	92.85714
DEMA (21):	0.05429
Parabolic SAR (0,02-0,02-0,2):	0.05405
Elder Ray (13):	0.00015
Super Trend (3,10):	0.05410
Zig ZAG (10):	0.05440
VORTEX (21):	1.1226
Stochastique (14,3,5):	87.82
TEMA (21):	0.05434
Williams %R (14):	-14.63
Chande Momentum Oscillator (20):	0.00017
Repulse (5,40,3):	0.1538
ROCnROLL:	1
TRIX (15,9):	0.0150
Courbe Coppock:	0.66

MA7:	0.05449
MA20:	0.05457
MA50:	0.05326
MA100:	0.05306
MAexp7:	0.05429
MAexp20:	0.05420
MAexp50:	0.05415
MAexp100:	0.05428
Price / MA7:	-0.22%
Price / MA20:	-0.37%
Price / MA50:	+2.08%
Price / MA100:	+2.47%
Price / MAexp7:	+0.15%
Price / MAexp20:	+0.31%
Price / MAexp50:	+0.41%
Price / MAexp100:	+0.17%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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