JPY/HKD - Daily - Technical analysis published on 09/08/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 0.05501 HKD
My targets
0.05369 HKD (-0.00095)
0.05110 HKD (-0.00354)
My analysis
JPY/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.05501 HKD. The next support located at 0.05369 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.05110 HKD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.3
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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 0.05464 HKD. The price has increased by +0.31% since the last closing and was between 0.05431 HKD and 0.05471 HKD. This implies that the price is at +0.61% from its lowest and at -0.13% from its highest.0.05431
0.05471
0.05464
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 Daily of this JPY/HKD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 0.05464 | 0.05648 | 0.05974 | 0.06174 |
| Change (%) | - | +3.37% | +9.33% | +12.99% |
| Change | - | +0.00184 | +0.00510 | +0.00710 |
| Level | - | Major | 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 | 0.05333 | 0.05374 | 0.05410 | 0.05451 | 0.05487 | 0.05528 | 0.05564 |
| Camarilla | 0.05426 | 0.05433 | 0.05440 | 0.05447 | 0.05454 | 0.05461 | 0.05468 |
| Woodie | 0.05332 | 0.05373 | 0.05409 | 0.05450 | 0.05486 | 0.05527 | 0.05563 |
| Fibonacci | 0.05374 | 0.05403 | 0.05421 | 0.05451 | 0.05480 | 0.05498 | 0.05528 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05419 | 0.05497 | 0.05548 | 0.05626 | 0.05677 | 0.05755 | 0.05806 |
| Camarilla | 0.05564 | 0.05575 | 0.05587 | 0.05599 | 0.05611 | 0.05623 | 0.05635 |
| Woodie | 0.05406 | 0.05490 | 0.05535 | 0.05619 | 0.05664 | 0.05748 | 0.05793 |
| Fibonacci | 0.05497 | 0.05546 | 0.05577 | 0.05626 | 0.05675 | 0.05706 | 0.05755 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05110 | 0.05369 | 0.05501 | 0.05760 | 0.05892 | 0.06151 | 0.06283 |
| Camarilla | 0.05526 | 0.05561 | 0.05597 | 0.05633 | 0.05669 | 0.05705 | 0.05741 |
| Woodie | 0.05047 | 0.05337 | 0.05438 | 0.05728 | 0.05829 | 0.06119 | 0.06220 |
| Fibonacci | 0.05369 | 0.05518 | 0.05611 | 0.05760 | 0.05909 | 0.06002 | 0.06151 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 26.27 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -28.44506 | |
| AROON (14): | -78.57143 | |
| DEMA (21): | 0.05550 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05596 | |
| Elder Ray (13): | -0.00147 | |
| Super Trend (3,10): | 0.05627 | |
| Zig ZAG (10): | 0.05467 | |
| VORTEX (21): | 0.6805 | |
| Stochastique (14,3,5): | 8.91 | |
| TEMA (21): | 0.05493 | |
| Williams %R (14): | -85.71 | |
| Chande Momentum Oscillator (20): | -0.00272 | |
| Repulse (5,40,3): | -1.1626 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1339 | |
| Courbe Coppock: | 8.61 |
| MA7: | 0.05546 | |
| MA20: | 0.05683 | |
| MA50: | 0.05744 | |
| MA100: | 0.05866 | |
| MAexp7: | 0.05536 | |
| MAexp20: | 0.05645 | |
| MAexp50: | 0.05748 | |
| MAexp100: | 0.05900 | |
| Price / MA7: | -1.48% | |
| Price / MA20: | -3.85% | |
| Price / MA50: | -4.87% | |
| Price / MA100: | -6.85% | |
| Price / MAexp7: | -1.30% | |
| Price / MAexp20: | -3.21% | |
| Price / MAexp50: | -4.94% | |
| Price / MAexp100: | -7.39% |
Quotes :
-
Real time data
-
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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