HS50 - 24h expiry - We look to Sell at 19995 (stop at 20155)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
The Ichimoku cloud and 200-day moving average provide further resistance and we look to set shorts in early trade to capture this selling opportunity.
The weekly pivot is at 20000.
The hourly chart...
As you probably know International investors are watching this like a hawk I can honestly see 20.21 call me crazy but you'll see.
If you can't find me on TV I'll more than likely be here - maverickpartners.wixsite.com
HKEX:3333
CAPITALCOM:3333
SP:SPX
SKILLING:SPX500
OANDA:SPX500USD
FOREXCOM:SPXUSD
TVC:SPX
This is a longer term overview of the pair. Refraining from putting any relevant goals at this scale, giving a birds' eye view of this pair. Note decreasing momentum and double peaks. We are going down.
The HKDUSD has NEVER broken and closed above 0.12899 (approx) since 2007 when it was digitized. Therefore, even though history is not guaranteed to predict the future, it seems highly probable that price will fall.
This is one idea to set your alarm for.
I have set out 4 possible trades with varying R/R all over 5/1. I have defined extremely aggressive ideas...
Will Hong Kong abandon the peg against the USD? The financial hub of Asia, which connects the East to the West has been in the middle of pissing contest between the United States and China, not to mention their domestic struggle between them and China. If protests for autonomy in Hong Kong continue, and President Trump implements drastic foreign policy measures...
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...
