JPY/HKD - 1H - Technical analysis published on 02/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 0.05205 HKD
My targets
0.05227 HKD (+0.00014)
0.05251 HKD (+0.00038)
My analysis
The basic trend is currently slightly bullish on JPY/HKD and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 0.05205 HKD, purchases could be favourable. The first bullish objective would be the resistance located at 0.05227 HKD. Then the price could move towards 0.05251 HKD. Then 0.05275 HKD by extension. A return under the support to 0.05205 HKD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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Additional analysis
Quotes
The JPY/HKD price is 0.05213 HKD. The price has increased by +0.08% since the last closing with the lowest point at 0.05209 HKD and the highest point at 0.05214 HKD. The deviation from the price is +0.08% for the low point and -0.02% for the high point.0.05209
0.05214
0.05213
Here is a more detailed summary of the historical variations registered by JPY/HKD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
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 bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | 0.05183 | 0.05192 | 0.05205 | 0.05213 | 0.05227 | 0.05251 | 0.05275 |
| Change (%) | -0.58% | -0.40% | -0.15% | - | +0.27% | +0.73% | +1.19% |
| Change | -0.00030 | -0.00021 | -0.00008 | - | +0.00014 | +0.00038 | +0.00062 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 | 0.05195 | 0.05200 | 0.05204 | 0.05209 | 0.05213 | 0.05218 | 0.05222 |
| Camarilla | 0.05207 | 0.05207 | 0.05208 | 0.05209 | 0.05210 | 0.05211 | 0.05212 |
| Woodie | 0.05196 | 0.05200 | 0.05205 | 0.05209 | 0.05214 | 0.05218 | 0.05223 |
| Fibonacci | 0.05200 | 0.05203 | 0.05205 | 0.05209 | 0.05212 | 0.05214 | 0.05218 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05109 | 0.05146 | 0.05177 | 0.05214 | 0.05245 | 0.05282 | 0.05313 |
| Camarilla | 0.05189 | 0.05196 | 0.05202 | 0.05208 | 0.05214 | 0.05221 | 0.05227 |
| Woodie | 0.05106 | 0.05145 | 0.05174 | 0.05213 | 0.05242 | 0.05281 | 0.05310 |
| Fibonacci | 0.05146 | 0.05172 | 0.05188 | 0.05214 | 0.05240 | 0.05256 | 0.05282 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.04910 | 0.05083 | 0.05200 | 0.05373 | 0.05490 | 0.05663 | 0.05780 |
| Camarilla | 0.05237 | 0.05264 | 0.05290 | 0.05317 | 0.05344 | 0.05370 | 0.05397 |
| Woodie | 0.04882 | 0.05069 | 0.05172 | 0.05359 | 0.05462 | 0.05649 | 0.05752 |
| Fibonacci | 0.05083 | 0.05194 | 0.05262 | 0.05373 | 0.05484 | 0.05552 | 0.05663 |
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): | 58.39 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 9.68292 | |
| AROON (14): | 85.71429 | |
| DEMA (21): | 0.05208 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05196 | |
| Elder Ray (13): | 0.00004 | |
| Super Trend (3,10): | 0.05196 | |
| Zig ZAG (10): | 0.05214 | |
| VORTEX (21): | 1.0636 | |
| Stochastique (14,3,5): | 88.39 | |
| TEMA (21): | 0.05209 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.00017 | |
| Repulse (5,40,3): | 0.1466 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0009 | |
| Courbe Coppock: | 0.17 |
| MA7: | 0.05208 | |
| MA20: | 0.05258 | |
| MA50: | 0.05350 | |
| MA100: | 0.05294 | |
| MAexp7: | 0.05209 | |
| MAexp20: | 0.05207 | |
| MAexp50: | 0.05207 | |
| MAexp100: | 0.05212 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -0.86% | |
| Price / MA50: | -2.56% | |
| Price / MA100: | -1.53% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.02% |
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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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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