JPY/HKD - 1H - Technical analysis published on 02/14/2023 (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:
Bullish
Underlying:
Bearish
Technical indicators
72%
6%
22%
My opinion
Bearish under 0.05974 HKD
My targets
0.05914 HKD (-0.00037)
0.05832 HKD (-0.00119)
My analysis
In a bearish trend, the price of JPY/HKD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.05974 HKD. A bearish break in the support located at 0.05914 HKD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.05832 HKD. Then 0.05648 HKD by extension. It would be safer to wait for a bearish break in the support located at 0.05914 HKD before allowing yourself to re trade short positions (for sale) on JPY/HKD. PS: if there is a bullish break in the resistance located at 0.05974 HKD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0
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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 0.05951 HKD. The price registered an increase of +0.32% on the session and was traded between 0.05931 HKD and 0.05953 HKD over the period. The price is currently at +0.34% from its lowest and -0.03% from its highest.0.05931
0.05953
0.05951
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JPY/HKD indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
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
SuperTrend indicator bullish reversal
Type : Bullish
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 0.05432 | 0.05648 | 0.05914 | 0.05951 | 0.05954 | 0.06015 | 0.06046 |
| Change (%) | -8.72% | -5.09% | -0.62% | - | +0.05% | +1.08% | +1.60% |
| Change | -0.00519 | -0.00303 | -0.00037 | - | +0.00003 | +0.00064 | +0.00095 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05828 | 0.05867 | 0.05900 | 0.05939 | 0.05972 | 0.06011 | 0.06044 |
| Camarilla | 0.05912 | 0.05919 | 0.05925 | 0.05932 | 0.05939 | 0.05945 | 0.05952 |
| Woodie | 0.05824 | 0.05866 | 0.05896 | 0.05938 | 0.05968 | 0.06010 | 0.06040 |
| Fibonacci | 0.05867 | 0.05895 | 0.05912 | 0.05939 | 0.05967 | 0.05984 | 0.06011 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05759 | 0.05832 | 0.05901 | 0.05974 | 0.06043 | 0.06116 | 0.06185 |
| Camarilla | 0.05932 | 0.05945 | 0.05958 | 0.05971 | 0.05984 | 0.05997 | 0.06010 |
| Woodie | 0.05758 | 0.05831 | 0.05900 | 0.05973 | 0.06042 | 0.06115 | 0.06184 |
| Fibonacci | 0.05832 | 0.05886 | 0.05919 | 0.05974 | 0.06028 | 0.06061 | 0.06116 |
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): | 55.73 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 11.30415 | |
| AROON (14): | 71.42858 | |
| DEMA (21): | 0.05932 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05931 | |
| Elder Ray (13): | 0.00009 | |
| Super Trend (3,10): | 0.05919 | |
| Zig ZAG (10): | 0.05948 | |
| VORTEX (21): | 1.0465 | |
| Stochastique (14,3,5): | 87.60 | |
| TEMA (21): | 0.05939 | |
| Williams %R (14): | -4.65 | |
| Chande Momentum Oscillator (20): | 0.00033 | |
| Repulse (5,40,3): | 0.1508 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0159 | |
| Courbe Coppock: | 0.69 |
| MA7: | 0.05957 | |
| MA20: | 0.06013 | |
| MA50: | 0.05922 | |
| MA100: | 0.05688 | |
| MAexp7: | 0.05941 | |
| MAexp20: | 0.05936 | |
| MAexp50: | 0.05947 | |
| MAexp100: | 0.05960 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -1.03% | |
| Price / MA50: | +0.49% | |
| Price / MA100: | +4.62% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | -0.15% |
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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