JPY/HKD - 1H - Technical analysis published on 02/23/2024 (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
33%
17%
50%
My opinion
Bearish under 0.05207 HKD
My targets
0.05188 HKD (-0.00009)
0.05149 HKD (-0.00048)
My analysis
JPY/HKD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.05207 HKD. The next support located at 0.05188 HKD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.05149 HKD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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.
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Additional analysis
Quotes
The JPY/HKD price is 0.05197 HKD. On the day, this instrument lost -0.02% with the lowest point at 0.05189 HKD and the highest point at 0.05206 HKD. The deviation from the price is +0.15% for the low point and -0.17% for the high point.0.05189
0.05206
0.05197
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of JPY/HKD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 9 are neutral and 3 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 0.05149 | 0.05183 | 0.05188 | 0.05197 | 0.05199 | 0.05207 | 0.05219 |
| Change (%) | -0.92% | -0.27% | -0.17% | - | +0.04% | +0.19% | +0.42% |
| Change | -0.00048 | -0.00014 | -0.00009 | - | +0.00002 | +0.00010 | +0.00022 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.05165 | 0.05178 | 0.05188 | 0.05201 | 0.05211 | 0.05224 | 0.05234 |
| Camarilla | 0.05192 | 0.05194 | 0.05196 | 0.05198 | 0.05200 | 0.05202 | 0.05204 |
| Woodie | 0.05164 | 0.05177 | 0.05187 | 0.05200 | 0.05210 | 0.05223 | 0.05233 |
| Fibonacci | 0.05178 | 0.05187 | 0.05192 | 0.05201 | 0.05210 | 0.05215 | 0.05224 |
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): | 48.09 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 0.36500 | |
| AROON (14): | 42.85714 | |
| DEMA (21): | 0.05199 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.05197 | |
| Elder Ray (13): | 0.00001 | |
| Super Trend (3,10): | 0.05189 | |
| Zig ZAG (10): | 0.05197 | |
| VORTEX (21): | 1.0118 | |
| Stochastique (14,3,5): | 58.82 | |
| TEMA (21): | 0.05201 | |
| Williams %R (14): | -47.06 | |
| Chande Momentum Oscillator (20): | 0.00007 | |
| Repulse (5,40,3): | -0.1042 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0005 | |
| Courbe Coppock: | 0.19 |
| MA7: | 0.05206 | |
| MA20: | 0.05245 | |
| MA50: | 0.05338 | |
| MA100: | 0.05292 | |
| MAexp7: | 0.05200 | |
| MAexp20: | 0.05199 | |
| MAexp50: | 0.05201 | |
| MAexp100: | 0.05204 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | -2.64% | |
| Price / MA100: | -1.80% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.13% |
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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