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JPY/HKD
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 08/23/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 0.05404 HKD
My targets
0.05474 HKD (+0.00056)
0.05527 HKD (+0.00109)
My analysis
JPY/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.05404 HKD. The next resistance located at 0.05474 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.05527 HKD. After this resistance, buyers could then target 0.05659 HKD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4

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.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

JPY/HKD rating 0.05418 HKD. On the day, this instrument gained +0.78% with the lowest point at 0.05375 HKD and the highest point at 0.05421 HKD. The deviation from the price is +0.80% for the low point and -0.06% for the high point.

0.05375
0.05421
0.05418

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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:

Central Records

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


Technical analysis of JPY/HKD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.05391 0.05404 0.05413 0.05418 0.05659 0.05887 0.06106
Change (%) -0.50% -0.26% -0.09% - +4.45% +8.66% +12.70%
Change -0.00027 -0.00014 -0.00005 - +0.00241 +0.00469 +0.00688
Level Major Major Intermediate - Intermediate Minor Intermediate



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
Standard0.053260.053410.053580.053730.053900.054050.05422
Camarilla0.053670.053700.053730.053760.053790.053820.05385
Woodie0.053280.053420.053600.053740.053920.054060.05424
Fibonacci0.053410.053530.053600.053730.053850.053920.05405


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.052910.053170.053520.053780.054130.054390.05474
Camarilla0.053700.053760.053810.053870.053930.053980.05404
Woodie0.052960.053190.053570.053800.054180.054410.05479
Fibonacci0.053170.053400.053550.053780.054010.054160.05439


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.050660.052360.053570.055270.056480.058180.05939
Camarilla0.053990.054260.054520.054790.055060.055320.05559
Woodie0.050430.052240.053340.055150.056250.058060.05916
Fibonacci0.052360.053470.054160.055270.056380.057070.05818

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): 80.74
MACD (12,26,9): 0.0001
Directional Movement: 27.06924
AROON (14): 100.00000
DEMA (21): 0.05399
Parabolic SAR (0,02-0,02-0,2): 0.05385
Elder Ray (13): 0.00020
Super Trend (3,10): 0.05385
Zig ZAG (10): 0.05417
VORTEX (21): 1.2115
Stochastique (14,3,5): 83.68
TEMA (21): 0.05405
Williams %R (14): -9.09
Chande Momentum Oscillator (20): 0.00037
Repulse (5,40,3): 0.4739
ROCnROLL: 1
TRIX (15,9): 0.0141
Courbe Coppock: 0.84
MA7: 0.05377
MA20: 0.05434
MA50: 0.05486
MA100: 0.05617
MAexp7: 0.05401
MAexp20: 0.05389
MAexp50: 0.05381
MAexp100: 0.05379
Price / MA7: +0.76%
Price / MA20: -0.29%
Price / MA50: -1.24%
Price / MA100: -3.54%
Price / MAexp7: +0.31%
Price / MAexp20: +0.54%
Price / MAexp50: +0.69%
Price / MAexp100: +0.73%

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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