JPY/HKD - 1H - Technical analysis published on 01/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
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
0
10
6.1
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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:
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
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
S3
S2
S1
R1
R2
R3
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
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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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