| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇒ |
The HKD/JPY exchange rate has been trading within a symmetrical triangle pattern since the middle of April.
Given that the currency pair is pressured by the 55-, 100– and 200-hour SMAs in the 13.90 area, it is likely that a breakout south from the given pattern could occur within the following trading sessions. Note thath the pair could gain support from the monthly PP at 13.77.
If the given support level holds, it is likely that a reversal north could follow, and the rate could re-test the 14.40 mark. Otherwise, it is likely that the pair could decline to the psychological level at 13.00.