I've been following this chart for a while. After having an OVERSOLD signal in the 1D chart, I also received buy signals in the 4H chart and therefore I decided to report this position. At this moment the position is not open yet, but if it follows the trend, as indicated in the graph (by the blue arrow), I will open the trade as soon as it reaches the indicated...
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...
2022 Dec 22nd 16:00 Trade Idea. Next Take Profit Is 7.81500.
Target Price 7.81238 Entry Price 7.77847
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....
looks like 7.85 is a very important level. with the US dollar being so strong I was expecting to break this level
As one of the world's leading international financial centers, Hong Kong's service-based services are characterized by low taxes, nearly free ports and good international financial markets. Hong Kong Monetary Authority (HKMA) has sold US dollar to marking the first intervention of the HKMA in over three years. It will continue to closely monitor market situations...
hkd fx reserves had the biggest plummet of 10% in a few months - biggest on record. at some point peg will break as FX reserves run dry. will be repriced to 8.6 at least.
A simple trade setup with low risk and high probable reward. It makes more sense of a higher timeframe, i.e., weekly. Trade well and take care
This chart is for test purposes for my indicator. The stops and entries on the chart are for hypothetical trading and should not be used for actual trading.
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
This is for Carlos who requested I take a look at USDHKD on one of the recent Monday Market Updates. This weekly USDHKD chart shows the boundaries of the currency over the last few years as it moves between its upper boundary at 7.85, and its lower boundary at 7.75. Presently we've seen a grind north from the lower boundary this year and we're presently hitting...
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)