JPY/HKD
JPY HKD
- HKD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: JPYHKD
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JPY/HKD - 1H - Technical analysis published on 05/08/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 0.05829 HKD
My targets
0.05777 HKD (-0.00032)
0.05749 HKD (-0.00060)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade JPY/HKD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.05829 HKD. The next bearish objective for sellers is set at 0.05777 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.05749 HKD. In case of crossing, the next objective would be the support located at 0.05713 HKD. In the event of a bullish break in the resistance located at 0.05829 HKD a certain indecision would take hold.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.5

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.

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 0.05809 HKD. The price registered an increase of +0.09% on the session and was between 0.05805 HKD and 0.05809 HKD. This implies that the price is at +0.07% from its lowest and at 0% from its highest.

0.05805
0.05809
0.05809

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of JPY/HKD in 1H shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the 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:

Central Indicators

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.05749 0.05777 0.05808 0.05809 0.05829 0.05862 0.05886
Change (%) -1.03% -0.55% -0.02% - +0.34% +0.91% +1.33%
Change -0.00060 -0.00032 -0.00001 - +0.00020 +0.00053 +0.00077
Level Minor Minor Intermediate - Minor Major Major



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
Standard0.057730.057870.057950.058090.058170.058310.05839
Camarilla0.057980.058000.058020.058040.058060.058080.05810
Woodie0.057710.057860.057930.058080.058150.058300.05837
Fibonacci0.057870.057950.058000.058090.058170.058220.05831


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.055390.056180.057200.057990.059010.059800.06082
Camarilla0.057710.057880.058040.058210.058380.058540.05871
Woodie0.055500.056240.057310.058050.059120.059860.06093
Fibonacci0.056180.056880.057300.057990.058690.059110.05980


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.054080.055780.056680.058380.059280.060980.06188
Camarilla0.056860.057090.057330.057570.057810.058050.05829
Woodie0.053670.055580.056270.058180.058870.060780.06147
Fibonacci0.055780.056780.057390.058380.059380.059990.06098

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 29.43
MACD (12,26,9): -0.0001
Directional Movement: -21.91462
AROON (14): -100.00000
DEMA (21): 0.05817
Parabolic SAR (0,02-0,02-0,2): 0.05825
Elder Ray (13): -0.00013
Super Trend (3,10): 0.05832
Zig ZAG (10): 0.05805
VORTEX (21): 0.7460
Stochastique (14,3,5): 9.70
TEMA (21): 0.05807
Williams %R (14): -97.78
Chande Momentum Oscillator (20): -0.00009
Repulse (5,40,3): -0.2967
ROCnROLL: 2
TRIX (15,9): -0.0146
Courbe Coppock: 1.00
MA7: 0.05789
MA20: 0.05840
MA50: 0.05867
MA100: 0.05905
MAexp7: 0.05815
MAexp20: 0.05826
MAexp50: 0.05826
MAexp100: 0.05815
Price / MA7: +0.35%
Price / MA20: -0.53%
Price / MA50: -0.99%
Price / MA100: -1.63%
Price / MAexp7: -0.10%
Price / MAexp20: -0.29%
Price / MAexp50: -0.29%
Price / MAexp100: -0.10%

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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