| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The HKD/JPY currency pair has been trading within a rising wedge pattern since the beginning of April. Currently, the pair is testing the lower pattern line.
From a theoretical perspective, it is likely that a reversal north could occur in the nearest future. Also, it is likely that the exchange rate could continue to trade within the predetermined pattern in the medium term.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-hour moving averages. Thus, it is likely that a breakout south could occur, and the pair could re-test the 13.20 level.