HKDJPY Hong Kong Dollar - Japan Yen Forecast, Technical & Fundamental Analysis
HKDJPY's RSI Oscillator sits in oversold zone for 1 day
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for HKDJPY turned negative on April 10, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 102 similar instances when the indicator turned negative. In of the 102 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for HKDJPY entered a downward trend on April 17, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
HKDJPY and Forex
Correlation & Price change
A.I.dvisor tells us that HKDJPY and JPYHKD have been negatively correlated (-100% of the time) for the last year. This A.I.-generated data suggests there is some statistical probability that HKDJPY and JPYHKD's prices could move in opposite directions.
| Ticker / NAME | Correlation To HKDJPY | 1D Price Change % | ||
|---|---|---|---|---|
| HKDJPY | 100% | N/A | ||
| JPYHKD - HKDJPY | -100% Negatively correlated | N/A |