| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
Recently, the HKD/JPY exchange rate reversed south from the upper boundary of the long-term ascending channel at 14.20. Currently, the rate is trading at the weekly S1 at 14.00.
From a theoretical point of view, some downside potential could prevail in the market in the short term, as the currency pair should target the lower channel line located circa 13.90. If the given channel holds, a reverse north could follow, and some upside potential could prevail in the market in the medium term.
Otherwise, a breakout south could occur. In this case the exchange rate could gain support of the Fibonacci 61.80% retracement at 13.82.