| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇘ |
The Hong Kong Dollar is trading against the Japanese Yen in a short-term ascending channel. Formation of the pattern began after a 1.57% depreciation of the Yen on June 15. By this moment, the currency pair has made two confirmations from the top and only one confirmation from the bottom. In this context, the rate is expected to reach the support line at least one more time before starting to break an existing uptrend. This scenario is partly supported by the narrowing fluctuations of the pair during the last three days, which indicates on formation of a rising wedge. In this case, a breakout should occur downwards. But since the wedge is a reversal pattern, the sliding rate has a great chance to bypass the bottom channel line and start to form a new pattern.