USDHKD The wonderful wave trading of this pair.

FX_IDC:USDHKD   U.S. Dollar / Hong Kong Dollar
It has been almost 1 year since we published a long-term perspective on the USDHKD pair (chart below) based on a cyclical behavior and as you see it has worked wonderfully:

Basically the Sine Waves couldn't have mapped it better and have successfully projected the sharp fall straight after our article as well as the one that started in May (2023). Right now this Cycle has bottomed and we should again see it rise to the pivotal 7.8500 level. What we want to see after that is a series of Lower Highs on the 1D RSI and as usual that will be the signal to sell.


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