| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The HKD/JPY exchange rate has been trading sideways within a symmetrical triangle pattern since the middle of August.
Given that the currency pair is supported by the 55-, 100– and 200-period SMAs in the 13.60 area, it is likely that a breakout north could occur in the nearest future. In this case the pair could target the Fibo 38.20% at 14.04.
In the meantime, it is unlikely that bears could prevail in the market, and the exchange rate could decline below the monthly S2 located at the 13.43 mark.