JPY/HKD - 1H - Technical analysis published on 12/18/2022 (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:
Slightly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.05688 HKD
My targets
0.05740 HKD (+0.00016)
0.05778 HKD (+0.00054)
My analysis
JPY/HKD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.05688 HKD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.05740 HKD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.05778 HKD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.05802 HKD. Beware of a possible return to under the support located at 0.05688 HKD which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.9
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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 price is 0.05724 HKD. The price has increased by +0.56% since the last closing and was between 0.05724 HKD and 0.05724 HKD. This implies that the price is at 0% from its lowest and at 0% from its highest.0.05724
0.05724
0.05724
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this JPY/HKD chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
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 | 0.05675 | 0.05688 | 0.05719 | 0.05724 | 0.05740 | 0.05778 | 0.05802 |
| Change (%) | -0.86% | -0.63% | -0.09% | - | +0.28% | +0.94% | +1.36% |
| Change | -0.00049 | -0.00036 | -0.00005 | - | +0.00016 | +0.00054 | +0.00078 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05588 | 0.05616 | 0.05654 | 0.05682 | 0.05720 | 0.05748 | 0.05786 |
| Camarilla | 0.05674 | 0.05680 | 0.05686 | 0.05692 | 0.05698 | 0.05704 | 0.05710 |
| Woodie | 0.05593 | 0.05619 | 0.05659 | 0.05685 | 0.05725 | 0.05751 | 0.05791 |
| Fibonacci | 0.05616 | 0.05641 | 0.05657 | 0.05682 | 0.05707 | 0.05723 | 0.05748 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05471 | 0.05549 | 0.05621 | 0.05699 | 0.05771 | 0.05849 | 0.05921 |
| Camarilla | 0.05651 | 0.05665 | 0.05678 | 0.05692 | 0.05706 | 0.05720 | 0.05733 |
| Woodie | 0.05467 | 0.05548 | 0.05617 | 0.05698 | 0.05767 | 0.05848 | 0.05917 |
| Fibonacci | 0.05549 | 0.05607 | 0.05642 | 0.05699 | 0.05757 | 0.05792 | 0.05849 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.18 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 9.44427 | |
| AROON (14): | 78.57143 | |
| DEMA (21): | 0.05691 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05690 | |
| Elder Ray (13): | 0.00004 | |
| Super Trend (3,10): | 0.05668 | |
| Zig ZAG (10): | 0.05692 | |
| VORTEX (21): | 1.1724 | |
| Stochastique (14,3,5): | 70.11 | |
| TEMA (21): | 0.05702 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | 0.00020 | |
| Repulse (5,40,3): | -0.1469 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0059 | |
| Courbe Coppock: | 1.01 |
| MA7: | 0.05695 | |
| MA20: | 0.05667 | |
| MA50: | 0.05497 | |
| MA100: | 0.05559 | |
| MAexp7: | 0.05695 | |
| MAexp20: | 0.05687 | |
| MAexp50: | 0.05689 | |
| MAexp100: | 0.05696 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | +4.13% | |
| Price / MA100: | +2.97% | |
| Price / MAexp7: | +0.51% | |
| Price / MAexp20: | +0.65% | |
| Price / MAexp50: | +0.62% | |
| Price / MAexp100: | +0.49% |
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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