JPY/HKD - 1H - Technical analysis published on 03/07/2024 (GMT)
- 142
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 0.05248 HKD
My targets
0.05304 HKD (+0.00021)
0.05322 HKD (+0.00039)
My analysis
The bullish trend is currently very strong on JPY/HKD. As long as the price remains above the support at 0.05248 HKD, you could try to benefit from the boom. The first bullish objective is located at 0.05304 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.05322 HKD as an objective. Crossing it would then enable buyers to target 0.05415 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/HKD price is 0.05283 HKD. On the day, this instrument gained +0.78% with the lowest point at 0.05242 HKD and the highest point at 0.05300 HKD. The deviation from the price is +0.78% for the low point and -0.32% for the high point.0.05242
0.05300
0.05283
A study of price movements over other periods shows the following variations:
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JPY/HKD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 5 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.05214 | 0.05227 | 0.05248 | 0.05283 | 0.05415 | 0.05538 | 0.05665 |
| Change (%) | -1.31% | -1.06% | -0.66% | - | +2.50% | +4.83% | +7.23% |
| Change | -0.00069 | -0.00056 | -0.00035 | - | +0.00132 | +0.00255 | +0.00382 |
| Level | Minor | Major | Minor | - | Major | Minor | Minor |
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 | 0.05186 | 0.05199 | 0.05221 | 0.05234 | 0.05256 | 0.05269 | 0.05291 |
| Camarilla | 0.05232 | 0.05236 | 0.05239 | 0.05242 | 0.05245 | 0.05248 | 0.05252 |
| Woodie | 0.05190 | 0.05201 | 0.05225 | 0.05236 | 0.05260 | 0.05271 | 0.05295 |
| Fibonacci | 0.05199 | 0.05213 | 0.05221 | 0.05234 | 0.05248 | 0.05256 | 0.05269 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05127 | 0.05157 | 0.05186 | 0.05216 | 0.05245 | 0.05275 | 0.05304 |
| Camarilla | 0.05199 | 0.05204 | 0.05210 | 0.05215 | 0.05220 | 0.05226 | 0.05231 |
| Woodie | 0.05127 | 0.05157 | 0.05186 | 0.05216 | 0.05245 | 0.05275 | 0.05304 |
| Fibonacci | 0.05157 | 0.05180 | 0.05194 | 0.05216 | 0.05239 | 0.05253 | 0.05275 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04970 | 0.05077 | 0.05146 | 0.05253 | 0.05322 | 0.05429 | 0.05498 |
| Camarilla | 0.05168 | 0.05184 | 0.05200 | 0.05216 | 0.05232 | 0.05248 | 0.05264 |
| Woodie | 0.04952 | 0.05068 | 0.05128 | 0.05244 | 0.05304 | 0.05420 | 0.05480 |
| Fibonacci | 0.05077 | 0.05144 | 0.05185 | 0.05253 | 0.05320 | 0.05361 | 0.05429 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.85 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 18.79988 | |
| AROON (14): | 50.00000 | |
| DEMA (21): | 0.05290 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05295 | |
| Elder Ray (13): | 0.00004 | |
| Super Trend (3,10): | 0.05268 | |
| Zig ZAG (10): | 0.05284 | |
| VORTEX (21): | 1.2328 | |
| Stochastique (14,3,5): | 49.49 | |
| TEMA (21): | 0.05290 | |
| Williams %R (14): | -61.54 | |
| Chande Momentum Oscillator (20): | -0.00003 | |
| Repulse (5,40,3): | 0.0225 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0351 | |
| Courbe Coppock: | 0.54 |
| MA7: | 0.05224 | |
| MA20: | 0.05213 | |
| MA50: | 0.05292 | |
| MA100: | 0.05290 | |
| MAexp7: | 0.05282 | |
| MAexp20: | 0.05276 | |
| MAexp50: | 0.05255 | |
| MAexp100: | 0.05238 | |
| Price / MA7: | +1.13% | |
| Price / MA20: | +1.34% | |
| Price / MA50: | -0.17% | |
| Price / MA100: | -0.13% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.53% | |
| Price / MAexp100: | +0.86% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis JPY/HKD - 1H