| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇗ | ⇘ |
Since the beginning of January, the HKD/JPY exchange rate has been appreciating within an ascending channel.
From a theoretical perspective, it is likely that the currency pair could continue to extend gains within the predetermined channel. The pair could reach the Fibo 38.20% at 12.77 by the middle of March.
Meanwhile, note that the exchange rate could gain support from the 100– and 200-period moving averages in the 13.45 area. Thus, a breakout north could occur, and the rate could raise to the Fibo 50.00% at 13.93.