My only full analysis. Industrial and Commercial Bank of China(01398.HK) For example, capital $1000 Chart Pattern. The bottom is likely to be in established in 2016 because we can clearly see another “ABC correction” completed on the chart. This time creating a higher low. Also, with positive trade war news and rates lowered, we could see a confirmation of a...
This is an update to our HSI position posted in November with regards to the bullish signal on a symmetrical pattern as seen below: At the moment the 1D chart is on neutral price action (RSI = 51.993, MACD = 310.060, ADX = 31.212) which technically is a good buy signal. On top of that, a Golden Cross is about to take place on the 1D chart, which is an even...
Hi All , only open a buy at current price if you can afford a Stop loss . This is a swing trade , not a day trade hence the SL . Many thanks.
Xiaomi long : not high probabilties, but good R/R
Pattern: 1D Channel Up. Signal: Bullish on the next Higher Low (typically the 1D MA50 supports and the RSI goes within 50.000 - 45.000). Target: 14.1500 (projected Higher High of the pattern).
Hi All , This pair has presented itself again , Gave us 70pips last time out with the form of right shoulder and now going back to point of entry . 5.29017 we buy & Sl 5.27005 TP: TS Many Thanks
The price was rejected on the 1D MA50 within the wider 1M Channel Down (RSI = 41.549, MACD = -0.053, Highs/Lows = -0.0844, ADX = 50.328). The continuation of this 1D bearish sequence should lead to a new Lower Low but the first target is the 1D Support at 8.5320. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas....
The pair stopped the uptrend near the 1W Resistance Zone (5.77540 - 5.78100) with the 1D RSI hitting 74.000. Based on that we are expecting a rejection to the nearest Support which is 5.71500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
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...
Forex News – Hong Kong’s biggest-ever street protest has come to its 11th week, and more are joining the calls for a resolution. Last week, Hong Kongers took out their money from ATMs. The goal was to prove the city was more than just a cash cow. The movement has further escalated the instability due to the protests. The city’s currency has also...
FX News – As the protests in Hong Kong continue, people are trying out something new to fight back. Protesters are calling for massive ATM withdrawals, taking out as much money as possible from their banks. They could also change their currency into US dollars to protect their own assets. The goal is to send the People’s Republic of China and HK Chief Executive...
Another currency in China's tool kit is not being discussed enough. With the current trade war escalating to a global currency crisis coupled to a technology war, and market listings. Reserves of the HKD have been depleted in previous defence of the HK/USD peg.
Pattern: Channel Up on 4H. Signal: Bullish as the price is rebounding on the Higher Low. Target: 5.7700 (just below the 1D Resistance).