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JPY/HKD
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 01/30/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.06019 HKD
My targets
0.06068 HKD (+0.00020)
0.06102 HKD (+0.00054)
My analysis
A bullish trend on JPY/HKD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.06019 HKD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.06068 HKD. Then the price could move towards 0.06102 HKD. Then 0.06132 HKD by extension. Be careful, a return below 0.06019 HKD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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
0
10
5.2

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

JPY/HKD rating 0.06048 HKD. The price has increased by +0.32% since the last closing and was traded between 0.06010 HKD and 0.06061 HKD over the period. The price is currently at +0.63% from its lowest and -0.21% from its highest.

0.06010
0.06061
0.06048

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of JPY/HKD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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 scanner specialised in technical indicators, has identified these signals:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 0.05994 0.06019 0.06042 0.06048 0.06068 0.06102 0.06132
Change (%) -0.89% -0.48% -0.10% - +0.33% +0.89% +1.39%
Change -0.00054 -0.00029 -0.00006 - +0.00020 +0.00054 +0.00084
Level Major Minor Minor - Major Minor Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.059730.059920.060100.060290.060470.060660.06084
Camarilla0.060190.060220.060260.060290.060320.060360.06039
Woodie0.059740.059920.060110.060290.060480.060660.06085
Fibonacci0.059920.060060.060150.060290.060430.060520.06066


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.058810.059260.059780.060230.060750.061200.06172
Camarilla0.060020.060110.060200.060290.060380.060470.06056
Woodie0.058840.059280.059810.060250.060780.061220.06175
Fibonacci0.059260.059630.059860.060230.060600.060830.06120


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.053950.055120.057330.058500.060710.061880.06409
Camarilla0.058620.058930.059240.059550.059860.060170.06048
Woodie0.054480.055380.057860.058760.061240.062140.06462
Fibonacci0.055120.056410.057210.058500.059790.060590.06188

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): 63.78
MACD (12,26,9): 0.0000
Directional Movement: 20.52701
AROON (14): 21.42857
DEMA (21): 0.06028
Parabolic SAR (0,02-0,02-0,2): 0.06010
Elder Ray (13): 0.00017
Super Trend (3,10): 0.06008
Zig ZAG (10): 0.06046
VORTEX (21): 1.0181
Stochastique (14,3,5): 56.86
TEMA (21): 0.06029
Williams %R (14): -29.41
Chande Momentum Oscillator (20): 0.00020
Repulse (5,40,3): 0.3672
ROCnROLL: 1
TRIX (15,9): -0.0004
Courbe Coppock: 0.04
MA7: 0.06031
MA20: 0.06006
MA50: 0.05851
MA100: 0.05631
MAexp7: 0.06029
MAexp20: 0.06027
MAexp50: 0.06027
MAexp100: 0.06030
Price / MA7: +0.28%
Price / MA20: +0.70%
Price / MA50: +3.37%
Price / MA100: +7.41%
Price / MAexp7: +0.32%
Price / MAexp20: +0.35%
Price / MAexp50: +0.35%
Price / MAexp100: +0.30%

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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