USDHKD Potential Bullish Movement we are waiting for a momentum candle close above 7.760 to buy this one Reason: 1- Regular Bullish Divergence on MACD (in red) 2- Objective Wedge (in blue) 3- Support / Demand Zone from Daily (in purple) Three confluences are enough to consider Buying USDHKD, after a break below 7.760 (in gray)
Short at 7.75621 Stop Loss 7.76182 Take Profit 7.75341, for a nice profit of at least 21 pips!
Hello traders, It looks like a double bottom and possibly a head and shoulders in either direction. Really strong resistance that will need to be tested again. -Live long and profit zm
Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.
The pair will bounce back from a major support line, sending the pair higher towards a major resistance line. Hong Kong’s gross domestic product (GDP) for the fourth quarter will continue to plunge. This was amid the continuous protest in the city and fears of coronavirus outbreak in the special administrative region (SAR). Since October 2019, the country’s GDP...
𝔹𝕖𝕗𝕠𝕣𝕖 𝕪𝕠𝕦 𝕣𝕖𝕒𝕕 𝕥𝕙𝕚𝕤 𝕚𝕕𝕖𝕒, 𝕡𝕝𝕖𝕒𝕤𝕖, 𝕔𝕝𝕚𝕔𝕜 𝕥𝕙𝕖 𝐋𝐈𝐊𝐄 𝐛𝐮𝐭𝐭𝐨𝐧 𝕥𝕠 𝕤𝕦𝕡𝕡𝕠𝕣𝕥 𝕞𝕪 𝕨𝕠𝕣𝕜. 𝕀 𝕨𝕠𝕦𝕝𝕕 𝕒𝕡𝕡𝕣𝕖𝕔𝕚𝕒𝕥𝕖 𝕚𝕥. The pair is trading with very minimal volume in recent sessions. The 50-day moving average is heading steeply downward, indicating prevalent bearish sentiment for the pair. Over in Hong Kong, the latest protests aren’t with posters and protests, with people voting...
USDHKD reversed off its resistance at 7.8269 where it could potentially drop further to 7.8153. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Heavy manipulation(nonetheless tradeable) - always use stop. Not financial advice!
The pair is trading near the 7.85000 1M Resistance which has been rejecting every upside break out attempt since April 2018. The RSI on 1D, 1W, 1M is surprisingly stable around 55.000 and last time that pattern formed on 1D a strong selling sequence followed. We are bearish on USDHKD aiming primarily at the 7.81700 1D Support. ** If you like our free content...
USDHKD looks good on both the 4 and 2 hour charts. We have had an uptrend with higher lows and higher highs and then we stopped making new higher highs. This range and even double top here shows us the trend may be exhausting. From here, we need to see a break and close below 7.8360 zone. First target would be 7.8300 zone. Also want to share some information...
USDHKD Short/Sell Idea waiting for a momentum candle close below 7.8325 to sell this one Reason: 1- Regular Bearish Divergence on MACD (in red) 2- Ascending Triangle (in blue) 3- Resistance/Supply zone from Daily/H4 (in blue) Three confluences are enough to consider Selling USDHKD, after a break below 7.8325 (in gray)
Just want to update on the USDHKD peg idea I spoke about awhile back. A bit controversial I know, but I gave reasons on why this is likely to happen. Hong Kong does not have the US Dollars to maintain the peg. The PLA marching into Honk Kong may be what breaks the peg. Looking at the chart, you can see where the buyers are stepping in. We are seeing buyers at...
2019 - 480 Consecutive WINNING Trades $82,000+++
What a week so far. This week we saw the USDCNH break above the 7.00 level, something I have mentioned in my posts for Bitcoin strength. China has said this was normal, due to tariffs and fundamental reasons, while President Trump and the US Treasury think it is an act of currency manipulation. I have spoken about the US and China trade war on my blog. China is...
One of the two largest financial players in HK, and most certainly a derivative trade of the larger macroeconomic story. Keep this chart handy near-term.
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