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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 11/27/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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.

Londinia
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 0.05236 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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by JPY/HKD:
The Central Records scanner for higher/lower results shows the following items:

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


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:

Central Indicators

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:

Central Indicators

CCI indicator is overbought : over 100

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 recently detected a signal:

Central Indicators

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:

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 0.05193 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
Standard0.051880.051980.052060.052160.052240.052340.05242
Camarilla0.052100.052120.052130.052150.052170.052180.05220
Woodie0.051880.051980.052060.052160.052240.052340.05242
Fibonacci0.051980.052050.052090.052160.052230.052270.05234


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.050770.051380.051760.052370.052750.053360.05374
Camarilla0.051880.051970.052060.052150.052240.052330.05242
Woodie0.050670.051320.051660.052310.052650.053300.05364
Fibonacci0.051380.051760.051990.052370.052750.052980.05336


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.049530.050540.051130.052140.052730.053740.05433
Camarilla0.051270.051420.051560.051710.051860.052000.05215
Woodie0.049310.050440.050910.052040.052510.053640.05411
Fibonacci0.050540.051160.051530.052140.052760.053130.05374

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 - Forex

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

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