JPY/HKD - 1H - Technical analysis published on 07/25/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 0.05038 HKD
My targets
0.05100 HKD (+0.00028)
0.05127 HKD (+0.00055)
My analysis
The basic trend is bullish on JPY/HKD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 0.05038 HKD. Sellers would then use the next support located at 0.05024 HKD as an objective. Crossing it would then enable sellers to target 0.04944 HKD. If there is a return to above the resistance located at 0.05100 HKD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 0.05127 HKD and 0.05211 HKD by extension.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7
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Additional analysis
Quotes
The JPY/HKD rating is 0.05072 HKD. On the day, this instrument lost -0.02% and was traded between 0.05058 HKD and 0.05137 HKD over the period. The price is currently at +0.28% from its lowest and -1.27% from its highest.0.05058
0.05137
0.05072
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.
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:
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this JPY/HKD chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by 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, only 7 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.05024 | 0.05038 | 0.05068 | 0.05072 | 0.05100 | 0.05211 | 0.05330 |
| Change (%) | -0.95% | -0.67% | -0.08% | - | +0.55% | +2.74% | +5.09% |
| Change | -0.00048 | -0.00034 | -0.00004 | - | +0.00028 | +0.00139 | +0.00258 |
| Level | Minor | Minor | Minor | - | Intermediate | Intermediate | 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 | 0.04925 | 0.04966 | 0.05019 | 0.05060 | 0.05113 | 0.05154 | 0.05207 |
| Camarilla | 0.05047 | 0.05056 | 0.05064 | 0.05073 | 0.05082 | 0.05090 | 0.05099 |
| Woodie | 0.04932 | 0.04969 | 0.05026 | 0.05063 | 0.05120 | 0.05157 | 0.05214 |
| Fibonacci | 0.04966 | 0.05002 | 0.05024 | 0.05060 | 0.05096 | 0.05118 | 0.05154 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04797 | 0.04855 | 0.04907 | 0.04965 | 0.05017 | 0.05075 | 0.05127 |
| Camarilla | 0.04928 | 0.04938 | 0.04948 | 0.04958 | 0.04968 | 0.04978 | 0.04988 |
| Woodie | 0.04793 | 0.04854 | 0.04903 | 0.04964 | 0.05013 | 0.05074 | 0.05123 |
| Fibonacci | 0.04855 | 0.04897 | 0.04923 | 0.04965 | 0.05007 | 0.05033 | 0.05075 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04566 | 0.04704 | 0.04779 | 0.04917 | 0.04992 | 0.05130 | 0.05205 |
| Camarilla | 0.04795 | 0.04815 | 0.04835 | 0.04854 | 0.04874 | 0.04893 | 0.04913 |
| Woodie | 0.04535 | 0.04688 | 0.04748 | 0.04901 | 0.04961 | 0.05114 | 0.05174 |
| Fibonacci | 0.04704 | 0.04785 | 0.04836 | 0.04917 | 0.04998 | 0.05049 | 0.05130 |
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): | 44.19 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -10.43487 | |
| AROON (14): | -57.14285 | |
| DEMA (21): | 0.05084 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05109 | |
| Elder Ray (13): | -0.00009 | |
| Super Trend (3,10): | 0.05111 | |
| Zig ZAG (10): | 0.05072 | |
| VORTEX (21): | 0.9970 | |
| Stochastique (14,3,5): | 17.72 | |
| TEMA (21): | 0.05070 | |
| Williams %R (14): | -82.28 | |
| Chande Momentum Oscillator (20): | -0.00052 | |
| Repulse (5,40,3): | -0.0436 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0086 | |
| Courbe Coppock: | 1.69 |
| MA7: | 0.05011 | |
| MA20: | 0.04921 | |
| MA50: | 0.04945 | |
| MA100: | 0.05032 | |
| MAexp7: | 0.05075 | |
| MAexp20: | 0.05084 | |
| MAexp50: | 0.05070 | |
| MAexp100: | 0.05041 | |
| Price / MA7: | +1.22% | |
| Price / MA20: | +3.07% | |
| Price / MA50: | +2.57% | |
| Price / MA100: | +0.79% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.61% |
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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