JPY/HKD - 1H - Technical analysis published on 05/15/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 0.05802 HKD
My targets
0.05759 HKD (-0.00018)
0.05743 HKD (-0.00034)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on JPY/HKD as long as the price remains well below 0.05802 HKD. The sellers' bearish objective is set at 0.05759 HKD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.05743 HKD. In case of crossing, the next objective would be the support located at 0.05713 HKD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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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 0.05777 HKD. The price has increased by +0.07% since the last closing and was traded between 0.05772 HKD and 0.05777 HKD over the period. The price is currently at +0.09% from its lowest and 0% from its highest.0.05772
0.05777
0.05777
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
Here is a more detailed summary of the historical variations registered by JPY/HKD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this JPY/HKD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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 | 0.05713 | 0.05743 | 0.05759 | 0.05777 | 0.05780 | 0.05802 | 0.05829 |
| Change (%) | -1.11% | -0.59% | -0.31% | - | +0.05% | +0.43% | +0.90% |
| Change | -0.00064 | -0.00034 | -0.00018 | - | +0.00003 | +0.00025 | +0.00052 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05759 | 0.05765 | 0.05769 | 0.05775 | 0.05779 | 0.05785 | 0.05789 |
| Camarilla | 0.05770 | 0.05771 | 0.05772 | 0.05773 | 0.05774 | 0.05775 | 0.05776 |
| Woodie | 0.05758 | 0.05765 | 0.05768 | 0.05775 | 0.05778 | 0.05785 | 0.05788 |
| Fibonacci | 0.05765 | 0.05769 | 0.05771 | 0.05775 | 0.05779 | 0.05781 | 0.05785 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05665 | 0.05720 | 0.05749 | 0.05804 | 0.05833 | 0.05888 | 0.05917 |
| Camarilla | 0.05754 | 0.05762 | 0.05769 | 0.05777 | 0.05785 | 0.05792 | 0.05800 |
| Woodie | 0.05651 | 0.05714 | 0.05735 | 0.05798 | 0.05819 | 0.05882 | 0.05903 |
| Fibonacci | 0.05720 | 0.05752 | 0.05772 | 0.05804 | 0.05836 | 0.05856 | 0.05888 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05408 | 0.05578 | 0.05668 | 0.05838 | 0.05928 | 0.06098 | 0.06188 |
| Camarilla | 0.05686 | 0.05709 | 0.05733 | 0.05757 | 0.05781 | 0.05805 | 0.05829 |
| Woodie | 0.05367 | 0.05558 | 0.05627 | 0.05818 | 0.05887 | 0.06078 | 0.06147 |
| Fibonacci | 0.05578 | 0.05678 | 0.05739 | 0.05838 | 0.05938 | 0.05999 | 0.06098 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 26.13 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -25.20075 | |
| AROON (14): | -85.71428 | |
| DEMA (21): | 0.05779 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05786 | |
| Elder Ray (13): | -0.00013 | |
| Super Trend (3,10): | 0.05795 | |
| Zig ZAG (10): | 0.05773 | |
| VORTEX (21): | 0.6795 | |
| Stochastique (14,3,5): | 3.96 | |
| TEMA (21): | 0.05770 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.00040 | |
| Repulse (5,40,3): | -0.1693 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0270 | |
| Courbe Coppock: | 1.43 |
| MA7: | 0.05806 | |
| MA20: | 0.05821 | |
| MA50: | 0.05871 | |
| MA100: | 0.05901 | |
| MAexp7: | 0.05779 | |
| MAexp20: | 0.05795 | |
| MAexp50: | 0.05808 | |
| MAexp100: | 0.05811 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -0.76% | |
| Price / MA50: | -1.60% | |
| Price / MA100: | -2.10% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.31% | |
| Price / MAexp50: | -0.53% | |
| Price / MAexp100: | -0.59% |
Quotes :
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Real time data
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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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