Hong Kong is going through some troubling times right now. To summarize very briefly, Hong Kong has been its own entity for some time with its own legal systems, boarders and rights but due to legal agreements China wants to take back Hong Kong as part of China. This is a crude summary of events.
This is causing friction between Hong Kong and...
Priceline of US Dollar / Hong Kong Dollar forex pair has formed a bearish BAT pattern and entered in potential reversal zone.
MACD turned weak bullish from strong bullish.
Stochastic has given bear cross.
I have used Fibonacci sequence to set the targets.
The long position can be taken between 0.382 to 0.786 Fibonacci projection of A to D leg coz we have a strong...
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...
Correction for ANTA Sports on Hong Kong Shares
1. A M shape appeared below MA lines on RSI+Avgs indicator.
2. ANTA was moving in the bull range (RSI 40-80) for some time, it's possible that it will remain the trend.
3. A correction from 45HKD to 37HKD is possible.
4. A correction time cycle appears on the chart at around 13, July.
EUR/HKD 1H Chart: Bypasses 100-hour SMA
The common European currency is losing value against the Hong Kong Dollar in a minor descending channel. However, a combined pressure of the 55-, 100- and 200-hour SMAs most probably will lead to dissolution of this pattern already by the end of the day. Once this happens, the pair is expected to enter into a barrier-free...
Hello Traders, NZDCHF Pair breaks the Trend reversal pattern in daily time frame with good bearish impulse and in 4hr time frame it framed clear correction ,so we looking bearish movement in this pair, and the overall trend in weekly is sideways
Entry : 0.68804
Take Profit : 0.63899
Stop loss : 0.70761