JPY/HKD - 1H - Technical analysis published on 02/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.06040 HKD
My targets
0.06085 HKD (+0.00022)
0.06101 HKD (+0.00038)
My analysis
JPY/HKD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.06040 HKD. The next resistance located at 0.06085 HKD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.06101 HKD. After this resistance, buyers could then target 0.06174 HKD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
JPY/HKD rating 0.06063 HKD. The price registered an increase of +0.63% on the session with the lowest point at 0.06013 HKD and the highest point at 0.06065 HKD. The deviation from the price is +0.83% for the low point and -0.03% for the high point.0.06013
0.06065
0.06063
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of JPY/HKD indicates that the overall trend is strongly bullish. 85.71% 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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.06010 | 0.06029 | 0.06040 | 0.06063 | 0.06069 | 0.06085 | 0.06101 |
| Change (%) | -0.87% | -0.56% | -0.38% | - | +0.10% | +0.36% | +0.63% |
| Change | -0.00053 | -0.00034 | -0.00023 | - | +0.00006 | +0.00022 | +0.00038 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | 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 | 0.05970 | 0.05987 | 0.06006 | 0.06023 | 0.06042 | 0.06059 | 0.06078 |
| Camarilla | 0.06015 | 0.06018 | 0.06022 | 0.06025 | 0.06028 | 0.06032 | 0.06035 |
| Woodie | 0.05971 | 0.05988 | 0.06007 | 0.06024 | 0.06043 | 0.06060 | 0.06079 |
| Fibonacci | 0.05987 | 0.06001 | 0.06009 | 0.06023 | 0.06037 | 0.06045 | 0.06059 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05881 | 0.05926 | 0.05978 | 0.06023 | 0.06075 | 0.06120 | 0.06172 |
| Camarilla | 0.06002 | 0.06011 | 0.06020 | 0.06029 | 0.06038 | 0.06047 | 0.06056 |
| Woodie | 0.05884 | 0.05928 | 0.05981 | 0.06025 | 0.06078 | 0.06122 | 0.06175 |
| Fibonacci | 0.05926 | 0.05963 | 0.05986 | 0.06023 | 0.06060 | 0.06083 | 0.06120 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05492 | 0.05644 | 0.05834 | 0.05986 | 0.06176 | 0.06328 | 0.06518 |
| Camarilla | 0.05931 | 0.05962 | 0.05994 | 0.06025 | 0.06056 | 0.06088 | 0.06119 |
| Woodie | 0.05512 | 0.05654 | 0.05854 | 0.05996 | 0.06196 | 0.06338 | 0.06538 |
| Fibonacci | 0.05644 | 0.05774 | 0.05855 | 0.05986 | 0.06116 | 0.06197 | 0.06328 |
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): | 67.35 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 17.36172 | |
| AROON (14): | 42.85714 | |
| DEMA (21): | 0.06038 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.06019 | |
| Elder Ray (13): | 0.00013 | |
| Super Trend (3,10): | 0.06019 | |
| Zig ZAG (10): | 0.06049 | |
| VORTEX (21): | 1.1092 | |
| Stochastique (14,3,5): | 83.80 | |
| TEMA (21): | 0.06043 | |
| Williams %R (14): | -13.64 | |
| Chande Momentum Oscillator (20): | 0.00020 | |
| Repulse (5,40,3): | 0.1874 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0089 | |
| Courbe Coppock: | 0.40 |
| MA7: | 0.06030 | |
| MA20: | 0.06015 | |
| MA50: | 0.05868 | |
| MA100: | 0.05642 | |
| MAexp7: | 0.06040 | |
| MAexp20: | 0.06032 | |
| MAexp50: | 0.06026 | |
| MAexp100: | 0.06026 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +0.80% | |
| Price / MA50: | +3.32% | |
| Price / MA100: | +7.46% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +0.51% | |
| Price / MAexp50: | +0.61% | |
| Price / MAexp100: | +0.61% |
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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