| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The HKD/JPY currency pair has been trading upwards since the end of July after it reversed north from the psychological level at 13.45.
It is likely that the exchange rate could gain support from the 55-, 100– and 200-hour moving averages in the 13.67/13.76 area and trade upwards in the medium term. In this case the rate could face the resistance of the Fibo 38.20% at 14.04.
In the meantime, note that the currency pair would have to exceed the Fibo 50.00% at 13.87. If the given level holds, it is likely that a reversal south could follow.