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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 03/22/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.05973 HKD
My targets
0.06011 HKD (+0.00021)
0.06064 HKD (+0.00074)
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 0.05973 HKD. The next resistance located at 0.06011 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 0.06064 HKD. After this resistance, buyers could then target 0.06104 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, 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
7.7

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.

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

Additional analysis

Quotes

The JPY/HKD price is 0.05990 HKD. The price registered an increase of +1.10% on the session and was between 0.05901 HKD and 0.05990 HKD. This implies that the price is at +1.51% from its lowest and at 0% from its highest.

0.05901
0.05990
0.05990

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

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


A technical analysis in 1H of this JPY/HKD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour


Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


MACD indicator is back over 0

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.05867 0.05927 0.05973 0.05990 0.06011 0.06104 0.06174
Change (%) -2.05% -1.05% -0.28% - +0.35% +1.90% +3.07%
Change -0.00123 -0.00063 -0.00017 - +0.00021 +0.00114 +0.00184
Level Intermediate Intermediate Major - Intermediate Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.058350.058760.059000.059410.059650.060060.06030
Camarilla0.059070.059130.059190.059250.059310.059370.05943
Woodie0.058280.058720.058930.059370.059580.060020.06023
Fibonacci0.058760.059010.059160.059410.059660.059810.06006


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.057000.057560.058540.059100.060080.060640.06162
Camarilla0.059110.059250.059390.059530.059670.059810.05995
Woodie0.057220.057670.058760.059210.060300.060750.06184
Fibonacci0.057560.058150.058510.059100.059690.060050.06064


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.052290.054810.056190.058710.060090.062610.06399
Camarilla0.056500.056860.057210.057570.057930.058290.05864
Woodie0.051720.054530.055620.058430.059520.062330.06342
Fibonacci0.054810.056300.057220.058710.060200.061120.06261

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): 72.14
MACD (12,26,9): 0.0000
Directional Movement: 27.52377
AROON (14): 42.85714
DEMA (21): 0.05932
Parabolic SAR (0,02-0,02-0,2): 0.05906
Elder Ray (13): 0.00037
Super Trend (3,10): 0.05920
Zig ZAG (10): 0.05977
VORTEX (21): 1.1331
Stochastique (14,3,5): 79.31
TEMA (21): 0.05940
Williams %R (14): -13.79
Chande Momentum Oscillator (20): 0.00058
Repulse (5,40,3): 0.8491
ROCnROLL: 1
TRIX (15,9): -0.0101
Courbe Coppock: 0.39
MA7: 0.05921
MA20: 0.05824
MA50: 0.05921
MA100: 0.05813
MAexp7: 0.05942
MAexp20: 0.05931
MAexp50: 0.05933
MAexp100: 0.05925
Price / MA7: +1.17%
Price / MA20: +2.85%
Price / MA50: +1.17%
Price / MA100: +3.04%
Price / MAexp7: +0.81%
Price / MAexp20: +0.99%
Price / MAexp50: +0.96%
Price / MAexp100: +1.10%

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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