JPY/HKD - 1H - Technical analysis published on 07/30/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 0.05531 HKD
My targets
0.05511 HKD (-0.00013)
0.05457 HKD (-0.00067)
My analysis
In the short term, we can see an acceleration in the bearish trend on JPY/HKD, which is a positive signal for sellers. As long as the price remains above 0.05531 HKD, a sale could be considered. The first bearish objective is located at 0.05511 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.05457 HKD as an objective. Crossing it would then enable sellers to target 0.05413 HKD. If the price were to return above 0.05531 HKD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
JPY/HKD rating 0.05524 HKD. The price is lower by -1.69% since the last closing and was traded between 0.05522 HKD and 0.05648 HKD over the period. The price is currently at +0.04% from its lowest and -2.20% from its highest.0.05522
0.05648
0.05524
A study of price movements over other periods shows the following variations:
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 JPY/HKD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.05227 | 0.05413 | 0.05511 | 0.05524 | 0.05531 | 0.05569 | 0.05593 |
| Change (%) | -5.38% | -2.01% | -0.24% | - | +0.13% | +0.81% | +1.25% |
| Change | -0.00297 | -0.00111 | -0.00013 | - | +0.00007 | +0.00045 | +0.00069 |
| Level | Major | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05448 | 0.05484 | 0.05552 | 0.05588 | 0.05656 | 0.05692 | 0.05760 |
| Camarilla | 0.05590 | 0.05600 | 0.05610 | 0.05619 | 0.05629 | 0.05638 | 0.05648 |
| Woodie | 0.05463 | 0.05492 | 0.05567 | 0.05596 | 0.05671 | 0.05700 | 0.05775 |
| Fibonacci | 0.05484 | 0.05524 | 0.05549 | 0.05588 | 0.05628 | 0.05653 | 0.05692 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05291 | 0.05399 | 0.05457 | 0.05565 | 0.05623 | 0.05731 | 0.05789 |
| Camarilla | 0.05470 | 0.05486 | 0.05501 | 0.05516 | 0.05531 | 0.05546 | 0.05562 |
| Woodie | 0.05267 | 0.05387 | 0.05433 | 0.05553 | 0.05599 | 0.05719 | 0.05765 |
| Fibonacci | 0.05399 | 0.05462 | 0.05501 | 0.05565 | 0.05628 | 0.05667 | 0.05731 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05082 | 0.05242 | 0.05337 | 0.05497 | 0.05592 | 0.05752 | 0.05847 |
| Camarilla | 0.05362 | 0.05385 | 0.05409 | 0.05432 | 0.05455 | 0.05479 | 0.05502 |
| Woodie | 0.05050 | 0.05226 | 0.05305 | 0.05481 | 0.05560 | 0.05736 | 0.05815 |
| Fibonacci | 0.05242 | 0.05339 | 0.05400 | 0.05497 | 0.05594 | 0.05655 | 0.05752 |
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): | 35.19 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -17.38693 | |
| AROON (14): | -64.28571 | |
| DEMA (21): | 0.05545 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05610 | |
| Elder Ray (13): | -0.00026 | |
| Super Trend (3,10): | 0.05579 | |
| Zig ZAG (10): | 0.05524 | |
| VORTEX (21): | 0.8532 | |
| Stochastique (14,3,5): | 2.13 | |
| TEMA (21): | 0.05529 | |
| Williams %R (14): | -97.87 | |
| Chande Momentum Oscillator (20): | -0.00058 | |
| Repulse (5,40,3): | -0.2514 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0156 | |
| Courbe Coppock: | 2.24 |
| MA7: | 0.05552 | |
| MA20: | 0.05549 | |
| MA50: | 0.05556 | |
| MA100: | 0.05711 | |
| MAexp7: | 0.05537 | |
| MAexp20: | 0.05560 | |
| MAexp50: | 0.05566 | |
| MAexp100: | 0.05563 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -0.58% | |
| Price / MA100: | -3.27% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.65% | |
| Price / MAexp50: | -0.75% | |
| Price / MAexp100: | -0.70% |
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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