JPY/HKD - 1H - Technical analysis published on 07/11/2023 (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 0.05509 HKD
My targets
0.05578 HKD (+0.00026)
0.05645 HKD (+0.00093)
My analysis
The bullish trend is currently very strong on JPY/HKD. As long as the price remains above the support at 0.05509 HKD, you could try to benefit from the boom. The first bullish objective is located at 0.05578 HKD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.05645 HKD as an objective. Crossing it would then enable buyers to target 0.05713 HKD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/HKD price is 0.05552 HKD. The price has increased by +0.24% since the last closing and was between 0.05533 HKD and 0.05552 HKD. This implies that the price is at +0.34% from its lowest and at 0% from its highest.0.05533
0.05552
0.05552
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
A technical analysis in 1H of this JPY/HKD chart shows a strongly bullish trend. 92.86% 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
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 : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.05475 | 0.05492 | 0.05509 | 0.05552 | 0.05645 | 0.05713 | 0.05887 |
| Change (%) | -1.39% | -1.08% | -0.77% | - | +1.68% | +2.90% | +6.03% |
| Change | -0.00077 | -0.00060 | -0.00043 | - | +0.00093 | +0.00161 | +0.00335 |
| Level | Minor | Minor | Minor | - | Intermediate | Minor | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05427 | 0.05451 | 0.05495 | 0.05519 | 0.05563 | 0.05587 | 0.05631 |
| Camarilla | 0.05520 | 0.05527 | 0.05533 | 0.05539 | 0.05545 | 0.05552 | 0.05558 |
| Woodie | 0.05437 | 0.05456 | 0.05505 | 0.05524 | 0.05573 | 0.05592 | 0.05641 |
| Fibonacci | 0.05451 | 0.05477 | 0.05493 | 0.05519 | 0.05545 | 0.05561 | 0.05587 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05334 | 0.05370 | 0.05438 | 0.05474 | 0.05542 | 0.05578 | 0.05646 |
| Camarilla | 0.05478 | 0.05488 | 0.05498 | 0.05507 | 0.05517 | 0.05526 | 0.05536 |
| Woodie | 0.05351 | 0.05378 | 0.05455 | 0.05482 | 0.05559 | 0.05586 | 0.05663 |
| Fibonacci | 0.05370 | 0.05409 | 0.05434 | 0.05474 | 0.05513 | 0.05538 | 0.05578 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05082 | 0.05242 | 0.05337 | 0.05497 | 0.05592 | 0.05752 | 0.05847 |
| Camarilla | 0.05362 | 0.05385 | 0.05409 | 0.05432 | 0.05455 | 0.05479 | 0.05502 |
| Woodie | 0.05050 | 0.05226 | 0.05305 | 0.05481 | 0.05560 | 0.05736 | 0.05815 |
| Fibonacci | 0.05242 | 0.05339 | 0.05400 | 0.05497 | 0.05594 | 0.05655 | 0.05752 |
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): | 75.95 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 20.24060 | |
| AROON (14): | 92.85714 | |
| DEMA (21): | 0.05545 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05533 | |
| Elder Ray (13): | 0.00012 | |
| Super Trend (3,10): | 0.05519 | |
| Zig ZAG (10): | 0.05548 | |
| VORTEX (21): | 1.3200 | |
| Stochastique (14,3,5): | 93.03 | |
| TEMA (21): | 0.05547 | |
| Williams %R (14): | -3.57 | |
| Chande Momentum Oscillator (20): | 0.00023 | |
| Repulse (5,40,3): | 0.1936 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0356 | |
| Courbe Coppock: | 1.39 |
| MA7: | 0.05469 | |
| MA20: | 0.05482 | |
| MA50: | 0.05603 | |
| MA100: | 0.05733 | |
| MAexp7: | 0.05540 | |
| MAexp20: | 0.05526 | |
| MAexp50: | 0.05500 | |
| MAexp100: | 0.05475 | |
| Price / MA7: | +1.52% | |
| Price / MA20: | +1.28% | |
| Price / MA50: | -0.91% | |
| Price / MA100: | -3.16% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | +0.95% | |
| Price / MAexp100: | +1.41% |
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.
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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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