This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Hong Kong has been facing quite a lot of pressure from Mainland China, and a good portion of their higher networth population are sending assets abroad to diversify from Asia risk. The HKD is softly pegged to the USD and they've been maintaining this peg for 40 years. Their stock market is at a very key level of 20k HKD and could start to break down (the HKMA uses...
As the chart shows the divergence and then it prints consecutive LH and LL so we can predict a bearish trend and we use fib to determine entry
The Swiss Franc used to be pegged to the Euro until 2015. The ECB went on a money printing spree with its own QE and the SNB could not sustain maintaining the peg. So it decided to remove the peg and the Swiss Franc strengthened against the Euro more than 20%. This caught a bunch of traders by surprise (mainly because the SNB said it was committed to...
The Hong Kong dollar is confined to an extremely tight trading range by the central bank. The authorities have been able to maintain this peg for many years. Right now the dollar is trading right at the top of the range. If the peg breaks it would be notable.
Hong Kong has adopted a fixed exchange rate regime with the US dollar since 1983, with a rate of 1 USD to 7.80 HKD (between 7.75 and 7.85 HKD per 1 USD since 2005). As a result, the only operational target of the monetary authority (HKMA) is the Hong Kong dollar exchange rate against the US dollar. Looking at the USDHKD in the W chart, I have noticed that it is...
2022 Dec 22nd 16:00 Trade Idea. Next Take Profit Is 7.81500.
Target Price 7.81238 Entry Price 7.77847
Read latest news here A weakening HKD is good for the Hong Kong economy especially for the exporters. I think there will be some policies coming out from China as HK is now part of China and how HK implement its new policies will much depends on the strategic directions of the central government of China. So, I will not be rushing to place my bets so soon but...
USDHKD Market produced a rejection candlestick / pin bar. Enter long position.
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
This chart shows the very tight band that the Hong Kong dollar is held in. Today the Hong Kong stock market has spilled significantly and I wonder if this peg can hold. Certainly the price is pushing against the top of the range.
The USDHKD pair naturally has a tight trade but at times gets volatility shocks. A signal that since 2017 has triggered such shocks to the downside has been flashing on the 1D RSI. As you see during that period, every time the 1D RSI formed Lower Highs while the candle action was either rising or flat, a strong drop occured. We have another 5 such occurrences....
The Hong Kong Dollar is about to be massively devalued against the US dollar.
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
Nowday, everything in China is problem.USDCHN is also my target.
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry . This is my opinion, not for any signal service. Good luck.