| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
Since the end of September, the HKD/JPY exchange rate has been trading upwards, guided by an ascending trend line.
From a theoretical perspective, it is likely that the currency pair could continue to extend gains, supported by the given trend line. In this case the pair could target the Fibo 50.00% located at 13.87.
In the meanwhile, note that the exchange rate would have to surpass the Fibo 61.80% at 13.69. If the predetermined resistance holds, it is likely that a reversal south could occur, and the rate could re-test the psychological level at 13.45.