JPY/HKD - 1H - Technical analysis published on 08/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.05349 HKD
My targets
0.05412 HKD (+0.00038)
0.05445 HKD (+0.00071)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for JPY/HKD as long as the price remains well above 0.05349 HKD. The buyers' bullish objective is set at 0.05412 HKD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.05445 HKD. If there is any crossing, the next objective would be the resistance located at 0.05512 HKD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.05412 HKD. On this resistance, against the trend traders who would like to go short on JPY/HKD with a bearish signal from their trading strategy, should not hesitate to act.
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
3.2
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Additional analysis
Quotes
The JPY/HKD rating is 0.05374 HKD. The price has increased by +0.43% since the last closing and was between 0.05343 HKD and 0.05376 HKD. This implies that the price is at +0.58% from its lowest and at -0.04% from its highest.0.05343
0.05376
0.05374
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
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this JPY/HKD chart shows a slightly bearish trend. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
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
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.05227 | 0.05349 | 0.05370 | 0.05374 | 0.05412 | 0.05445 | 0.05512 |
| Change (%) | -2.74% | -0.47% | -0.07% | - | +0.71% | +1.32% | +2.57% |
| Change | -0.00147 | -0.00025 | -0.00004 | - | +0.00038 | +0.00071 | +0.00138 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | 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 | 0.05302 | 0.05326 | 0.05338 | 0.05362 | 0.05374 | 0.05398 | 0.05410 |
| Camarilla | 0.05341 | 0.05344 | 0.05348 | 0.05351 | 0.05354 | 0.05358 | 0.05361 |
| Woodie | 0.05297 | 0.05323 | 0.05333 | 0.05359 | 0.05369 | 0.05395 | 0.05405 |
| Fibonacci | 0.05326 | 0.05339 | 0.05348 | 0.05362 | 0.05375 | 0.05384 | 0.05398 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05222 | 0.05306 | 0.05350 | 0.05434 | 0.05478 | 0.05562 | 0.05606 |
| Camarilla | 0.05358 | 0.05370 | 0.05381 | 0.05393 | 0.05405 | 0.05417 | 0.05428 |
| Woodie | 0.05201 | 0.05296 | 0.05329 | 0.05424 | 0.05457 | 0.05552 | 0.05585 |
| Fibonacci | 0.05306 | 0.05355 | 0.05385 | 0.05434 | 0.05483 | 0.05513 | 0.05562 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.49 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 15.29550 | |
| AROON (14): | 71.42857 | |
| DEMA (21): | 0.05364 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05353 | |
| Elder Ray (13): | 0.00007 | |
| Super Trend (3,10): | 0.05349 | |
| Zig ZAG (10): | 0.05374 | |
| VORTEX (21): | 1.1467 | |
| Stochastique (14,3,5): | 76.69 | |
| TEMA (21): | 0.05368 | |
| Williams %R (14): | -12.00 | |
| Chande Momentum Oscillator (20): | 0.00010 | |
| Repulse (5,40,3): | 0.1406 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.42 |
| MA7: | 0.05387 | |
| MA20: | 0.05464 | |
| MA50: | 0.05503 | |
| MA100: | 0.05639 | |
| MAexp7: | 0.05367 | |
| MAexp20: | 0.05363 | |
| MAexp50: | 0.05365 | |
| MAexp100: | 0.05377 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | -1.65% | |
| Price / MA50: | -2.34% | |
| Price / MA100: | -4.70% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | -0.06% |
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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