The USDHKD pair just formed a 1W Death Cross this week but the current 1W candle is a green one. The reason is that it is rebounding after reaching last week the 2-year Support Zone. We believe that we will see an aggressive rise next that will approach the Lower Highs trend-line. Our target is just below it at...
The USDHKD pair hit amidst Monday's turmoil the top of the Support Zone that was established back on the week of December 05 2022 and instantly rebounded. This naturally shows the strong technical demand of that level. Even tough another 1-2 weeks of consolidation is possible, on the long-term, we expect a test of the May 01 2023 Lower Highs trend-line. Our...
The USDHKD pair has been giving us excellent trades in the past 12 months and the latest (April 18, see chart below) almost hit our 7.79500 Target about 3 weeks ago: With the price approaching yet again the 11-month Support Zone, there is no reason to diverge from this successful pattern. Right now by being so close to the Support Zone, the R/R ratio favors...
The USDHKD pair has been rising since November 2023 after hitting the Support Zone and is approaching the 2-year Resistance Zone. The Sine Waves help us understand the cyclical nature behind it. This is a low risk sell opportunity for the long-term. Our Target is 7.79500 (top of Support...
We have been using the USDHKD pair for wave trading for a very long time (see standard example below) due to its distinct characteristic and tight correlation: It is more than obvious on this 1D chart that the application of the Sine Wave tool gives high probability entries and exits for bottom/ top buying and selling. Currently we are on an uptrend that...
USDHKD is on a neutral 1D technical outlook (RSI = 47.421, MACD = -0.002, ADX = 19.830) as it is approaching the end of a Descending Triangle pattern. Yesterday it got a double rejection on the 1D MA50 and the LH trendline. A harmonic Descending Triangle broke down to the S1 level after after its third contact with the LH trendline. Consequently we trrat this as...
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...
bearish start to the week, with hawkish central banks and growth fears continue weighing on investor sentiment ahead of a busy week. The theme remained the same, with investor jitters over the economic outlook weighing on investor sentiment. There were no economic indicators from the region to change the mood. Market Overview It was a bearish morning session for...
hong kong long 😊 Im looking at hong kong 33 and I can see new wave coming for up There is two look: The first: We are in the end of the correction wave (b) and we are going to start the fast (c) wave to make new top The first part of it going to be the orange (a) and it will be an impulse wave and the target 50% of the (b) The second: We are in higher...
USDHKD Market produced a rejection candlestick / pin bar. Enter long position.
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....
EURHKD currency market is still bearish. There are multiple touches at price 8.12414. Watch for sell signals below price level 8.12414. || ||
Hong Kong Dollar (USDHKD) Increasing higher lows on the 4H Chart. Three touches on the blue trend line. Daily Time Frame Chart. Pull back and a close above horizontal level.
USDHKD Up Trend Horizontal Level Diagonal Level EMA 10 Level EMA 20 Level Inside Bar Signal
Foreign Currency Trend: Up Level: Diagonal Level, EMA 10 Level, EMA 20 Level
USDHKD (U.S. Dollar / Hong Kong Dollar) TREND Attributes Higher Lows Exponential Moving Averages Increasing (Positive Slope) Trend Line Increasing (Positive Slope)
Inflation INFLATION ! Lately Decried Though HK Debt Yields, They Do Not Lie A Gentleman's Market, You Can Be Sure Honest Of All, Though Somewhat A Bore d-MR96nBa 🌌 Detailed Variants of Idea Chart Below 🖼️🎨 TVC:HK15Y TVC:HK15
Hong Kong 50 took a drop on Thursday after tech companies declined. We shoulder see strong bullish movement if price respects our current support.