JPY/HKD - 1H - Technical analysis published on 12/02/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.05756 HKD
My targets
0.05855 HKD (+0.00050)
0.05956 HKD (+0.00151)
My analysis
The bullish trend is currently very strong on JPY/HKD. As long as the price remains above the support at 0.05756 HKD, you could try to benefit from the boom. The first bullish objective is located at 0.05855 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.05956 HKD as an objective. Crossing it would then enable buyers to target 0.05977 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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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 0.05805 HKD. On the day, this instrument gained +0.85% and was between 0.05739 HKD and 0.05823 HKD. This implies that the price is at +1.15% from its lowest and at -0.31% from its highest.0.05739
0.05823
0.05805
A study of price movements over other periods shows the following variations:
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.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.05645 | 0.05732 | 0.05804 | 0.05805 | 0.05977 | 0.06174 | 0.06806 |
| Change (%) | -2.76% | -1.26% | -0.02% | - | +2.96% | +6.36% | +17.24% |
| Change | -0.00160 | -0.00073 | -0.00001 | - | +0.00172 | +0.00369 | +0.01001 |
| Level | Major | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05614 | 0.05644 | 0.05700 | 0.05730 | 0.05786 | 0.05816 | 0.05872 |
| Camarilla | 0.05732 | 0.05740 | 0.05748 | 0.05756 | 0.05764 | 0.05772 | 0.05780 |
| Woodie | 0.05627 | 0.05651 | 0.05713 | 0.05737 | 0.05799 | 0.05823 | 0.05885 |
| Fibonacci | 0.05644 | 0.05677 | 0.05697 | 0.05730 | 0.05763 | 0.05783 | 0.05816 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05342 | 0.05414 | 0.05513 | 0.05585 | 0.05684 | 0.05756 | 0.05855 |
| Camarilla | 0.05566 | 0.05582 | 0.05597 | 0.05613 | 0.05629 | 0.05644 | 0.05660 |
| Woodie | 0.05357 | 0.05421 | 0.05528 | 0.05592 | 0.05699 | 0.05763 | 0.05870 |
| Fibonacci | 0.05414 | 0.05479 | 0.05519 | 0.05585 | 0.05650 | 0.05690 | 0.05756 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05001 | 0.05138 | 0.05410 | 0.05547 | 0.05819 | 0.05956 | 0.06228 |
| Camarilla | 0.05570 | 0.05607 | 0.05645 | 0.05682 | 0.05720 | 0.05757 | 0.05795 |
| Woodie | 0.05069 | 0.05172 | 0.05478 | 0.05581 | 0.05887 | 0.05990 | 0.06296 |
| Fibonacci | 0.05138 | 0.05294 | 0.05391 | 0.05547 | 0.05703 | 0.05800 | 0.05956 |
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): | 73.49 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 28.22285 | |
| AROON (14): | 57.14286 | |
| DEMA (21): | 0.05804 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05767 | |
| Elder Ray (13): | 0.00023 | |
| Super Trend (3,10): | 0.05757 | |
| Zig ZAG (10): | 0.05806 | |
| VORTEX (21): | 1.3016 | |
| Stochastique (14,3,5): | 80.95 | |
| TEMA (21): | 0.05810 | |
| Williams %R (14): | -20.24 | |
| Chande Momentum Oscillator (20): | 0.00066 | |
| Repulse (5,40,3): | 0.2184 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0591 | |
| Courbe Coppock: | 1.74 |
| MA7: | 0.05679 | |
| MA20: | 0.05584 | |
| MA50: | 0.05444 | |
| MA100: | 0.05565 | |
| MAexp7: | 0.05797 | |
| MAexp20: | 0.05770 | |
| MAexp50: | 0.05728 | |
| MAexp100: | 0.05690 | |
| Price / MA7: | +2.22% | |
| Price / MA20: | +3.96% | |
| Price / MA50: | +6.63% | |
| Price / MA100: | +4.31% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.61% | |
| Price / MAexp50: | +1.34% | |
| Price / MAexp100: | +2.02% |
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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