JPY/HKD - 1H - Technical analysis published on 08/23/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 0.05739 HKD
My targets
0.05700 HKD (-0.00021)
0.05648 HKD (-0.00073)
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 0.05739 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 0.05739 HKD. The next bearish objective for sellers is set at 0.05700 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.05648 HKD. PS: if there is a bullish break in the resistance located at 0.05739 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.
Technical indicators are opposing the general bearish 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
1.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/HKD rating is 0.05721 HKD. The price registered an increase of +0.32% on the session and was traded between 0.05698 HKD and 0.05724 HKD over the period. The price is currently at +0.40% from its lowest and -0.05% from its highest.0.05698
0.05724
0.05721
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
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this JPY/HKD chart shows a bearish trend. 75.00% 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. An assessment of moving averages reveals several bearish and bullish signals:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.05648 | 0.05700 | 0.05721 | 0.05739 | 0.05805 | 0.05853 |
| Change (%) | -1.28% | -0.37% | - | +0.31% | +1.47% | +2.31% |
| Change | -0.00073 | -0.00021 | - | +0.00018 | +0.00084 | +0.00132 |
| Level | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05649 | 0.05674 | 0.05689 | 0.05714 | 0.05729 | 0.05754 | 0.05769 |
| Camarilla | 0.05692 | 0.05696 | 0.05699 | 0.05703 | 0.05707 | 0.05710 | 0.05714 |
| Woodie | 0.05643 | 0.05672 | 0.05683 | 0.05712 | 0.05723 | 0.05752 | 0.05763 |
| Fibonacci | 0.05674 | 0.05690 | 0.05699 | 0.05714 | 0.05730 | 0.05739 | 0.05754 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05467 | 0.05593 | 0.05661 | 0.05787 | 0.05855 | 0.05981 | 0.06049 |
| Camarilla | 0.05677 | 0.05694 | 0.05712 | 0.05730 | 0.05748 | 0.05766 | 0.05783 |
| Woodie | 0.05439 | 0.05579 | 0.05633 | 0.05773 | 0.05827 | 0.05967 | 0.06021 |
| Fibonacci | 0.05593 | 0.05667 | 0.05713 | 0.05787 | 0.05861 | 0.05907 | 0.05981 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05416 | 0.05524 | 0.05708 | 0.05816 | 0.06000 | 0.06108 | 0.06292 |
| Camarilla | 0.05812 | 0.05839 | 0.05865 | 0.05892 | 0.05919 | 0.05946 | 0.05972 |
| Woodie | 0.05454 | 0.05543 | 0.05746 | 0.05835 | 0.06038 | 0.06127 | 0.06330 |
| Fibonacci | 0.05524 | 0.05636 | 0.05705 | 0.05816 | 0.05928 | 0.05997 | 0.06108 |
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): | 47.85 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -2.92707 | |
| AROON (14): | -92.85714 | |
| DEMA (21): | 0.05707 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05725 | |
| Elder Ray (13): | 0.00004 | |
| Super Trend (3,10): | 0.05729 | |
| Zig ZAG (10): | 0.05715 | |
| VORTEX (21): | 0.9805 | |
| Stochastique (14,3,5): | 42.98 | |
| TEMA (21): | 0.05710 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | 0.00004 | |
| Repulse (5,40,3): | 0.1938 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0165 | |
| Courbe Coppock: | 0.51 |
| MA7: | 0.05780 | |
| MA20: | 0.05836 | |
| MA50: | 0.05791 | |
| MA100: | 0.05938 | |
| MAexp7: | 0.05712 | |
| MAexp20: | 0.05715 | |
| MAexp50: | 0.05732 | |
| MAexp100: | 0.05760 | |
| Price / MA7: | -1.02% | |
| Price / MA20: | -1.97% | |
| Price / MA50: | -1.21% | |
| Price / MA100: | -3.65% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.68% |
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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