| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The HKD/JPY exchange rate continued to trade upwards, followed by the ascending trend line. Currently, the rate is trading near 14.20.
Note that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, currently located in the 14.20/14.30 area. Thus, some downside potential could prevail, and the pair could re-test the given trend line located circa 14.05 in the sort term.
If the given line holds, it is likely that a reversal north could follow, and the exchange rate could re-test the 14.40 level. Otherwise, the rate could decline to the support level—the Fibonacci 61.80% retracement at 13.82.