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 09/11/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.05483 HKD

My targets

0.05538 HKD (+0.00044)

0.05624 HKD (+0.00130)

My analysis

JPY/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.05483 HKD. The next resistance located at 0.05538 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.05624 HKD. After this resistance, buyers could then target 0.06174 HKD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

Comment on the analysis

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 0.05494 HKD. The price has increased by +0.22% since the last closing and was traded between 0.05475 HKD and 0.05510 HKD over the period. The price is currently at +0.35% from its lowest and -0.29% from its highest.

0.05475

0.05510

0.05494

Here is a more detailed summary of the historical variations registered by JPY/HKD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

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 JPY/HKD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported 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.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

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:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.05425	0.05465	0.05483	0.05494	0.05538	0.06174	0.06711
Change (%)	-1.26%	-0.53%	-0.20%	-	+0.80%	+12.38%	+22.15%
Change	-0.00069	-0.00029	-0.00011	-	+0.00044	+0.00680	+0.01217
Level	Intermediate	Minor	Intermediate	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.05386	0.05405	0.05444	0.05463	0.05502	0.05521	0.05560
Camarilla	0.05466	0.05471	0.05477	0.05482	0.05487	0.05493	0.05498
Woodie	0.05395	0.05410	0.05453	0.05468	0.05511	0.05526	0.05569
Fibonacci	0.05405	0.05428	0.05441	0.05463	0.05486	0.05499	0.05521

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.05149	0.05222	0.05350	0.05423	0.05551	0.05624	0.05752
Camarilla	0.05422	0.05440	0.05459	0.05477	0.05495	0.05514	0.05532
Woodie	0.05176	0.05236	0.05377	0.05437	0.05578	0.05638	0.05779
Fibonacci	0.05222	0.05299	0.05347	0.05423	0.05500	0.05548	0.05624

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.04873	0.05026	0.05181	0.05334	0.05489	0.05642	0.05797
Camarilla	0.05250	0.05279	0.05307	0.05335	0.05363	0.05392	0.05420
Woodie	0.04873	0.05027	0.05181	0.05335	0.05489	0.05643	0.05797
Fibonacci	0.05026	0.05144	0.05217	0.05334	0.05452	0.05525	0.05642

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):	71.20
MACD (12,26,9):	0.0001
Directional Movement:	26.22737
AROON (14):	92.85714
DEMA (21):	0.05485
Parabolic SAR (0,02-0,02-0,2):	0.05466
Elder Ray (13):	0.00023
Super Trend (3,10):	0.05466
Zig ZAG (10):	0.05500
VORTEX (21):	1.2116
Stochastique (14,3,5):	80.01
TEMA (21):	0.05493
Williams %R (14):	-16.13
Chande Momentum Oscillator (20):	0.00037
Repulse (5,40,3):	0.2127
ROCnROLL:	1
TRIX (15,9):	0.0209
Courbe Coppock:	1.25

MA7:	0.05449
MA20:	0.05383
MA50:	0.05206
MA100:	0.05089
MAexp7:	0.05486
MAexp20:	0.05472
MAexp50:	0.05460
MAexp100:	0.05446
Price / MA7:	+0.83%
Price / MA20:	+2.06%
Price / MA50:	+5.53%
Price / MA100:	+7.96%
Price / MAexp7:	+0.15%
Price / MAexp20:	+0.40%
Price / MAexp50:	+0.62%
Price / MAexp100:	+0.88%

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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