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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 04/08/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.05169 HKD
My targets
0.05155 HKD (-0.00005)
0.05148 HKD (-0.00012)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.05169 HKD remains possible. It is advisable to trade JPY/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.05169 HKD. The next bearish objective for sellers is set at 0.05155 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.05148 HKD. PS: if there is a bullish break in the resistance located at 0.05169 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.3

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.

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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

The JPY/HKD rating is 0.05160 HKD. The price is lower by -0.06% since the last closing and was between 0.05154 HKD and 0.05166 HKD. This implies that the price is at +0.12% from its lowest and at -0.12% from its highest.

0.05154
0.05166
0.05160

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



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


Technical analysis of JPY/HKD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.05148 0.05155 0.05159 0.05160 0.05165 0.05169 0.05178
Change (%) -0.23% -0.10% -0.02% - +0.10% +0.17% +0.35%
Change -0.00012 -0.00005 -0.00001 - +0.00005 +0.00009 +0.00018
Level Minor Major Minor - Intermediate Intermediate Minor



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
Standard0.051200.051400.051510.051710.051820.052020.05213
Camarilla0.051550.051570.051600.051630.051660.051690.05172
Woodie0.051170.051380.051480.051690.051790.052000.05210
Fibonacci0.051400.051520.051590.051710.051830.051900.05202


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.051090.051300.051470.051680.051850.052060.05223
Camarilla0.051530.051560.051600.051630.051670.051700.05174
Woodie0.051060.051290.051440.051670.051820.052050.05220
Fibonacci0.051300.051450.051540.051680.051830.051920.05206


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.049090.050280.051000.052190.052910.054100.05482
Camarilla0.051190.051360.051540.051710.051890.052060.05224
Woodie0.048850.050160.050760.052070.052670.053980.05458
Fibonacci0.050280.051010.051460.052190.052920.053370.05410

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): 49.26
MACD (12,26,9): 0.0000
Directional Movement: -0.80267
AROON (14): 35.71428
DEMA (21): 0.05157
Parabolic SAR (0,02-0,02-0,2): 0.05154
Elder Ray (13): 0.00001
Super Trend (3,10): 0.05165
Zig ZAG (10): 0.05160
VORTEX (21): 0.9365
Stochastique (14,3,5): 62.50
TEMA (21): 0.05157
Williams %R (14): -12.50
Chande Momentum Oscillator (20): 0.00003
Repulse (5,40,3): 0.0685
ROCnROLL: -1
TRIX (15,9): -0.0067
Courbe Coppock: 0.04
MA7: 0.05166
MA20: 0.05194
MA50: 0.05222
MA100: 0.05291
MAexp7: 0.05159
MAexp20: 0.05159
MAexp50: 0.05162
MAexp100: 0.05164
Price / MA7: -0.12%
Price / MA20: -0.65%
Price / MA50: -1.19%
Price / MA100: -2.48%
Price / MAexp7: +0.02%
Price / MAexp20: +0.02%
Price / MAexp50: -0.04%
Price / MAexp100: -0.08%

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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