: Parabolic Sar, Money Flow Index, Linear Regression Slope
: 16.008 - 15.87
The HKD/JPY is in a bullish tone within a bullish triangle pattern indicated in FIG 1. The pair pattern shows the considerable slope of the support line. The MFI around 68.12, the spatial distribution of the Parabolic Sar and the Linear Regression Slope around 0.02 suggest a great domination of the bullish tendency. A bearish crossing 15.32987 can validate a possible secondary retracement. The analysis suggests the possibility to open a buy limit position at 15.0008 with SL at 15.32987 and TP at 15.99829. It can be evaluated a forecast level price at 15.87184.
shows the bullish domination
indicates the forecasting pattern