Clear trend presenting itself with the US dollar vs Hong Kong Dollar
With most of April crushing the USD it appears we are now turning the tables
with a curved bottom and a clear uptrend painted thus far for this pair.
I have outlined the green box for LONG entries which is sitting at the point of control
with a fib pull from previous swing high to low...
USDHKD FX:USDHKD has been acting the same since 2007, it is currently at the same bottom which has been a turning point since 2007 as well. Technically speaking this should be a turning point once again. I'm considering starting 10K account and risk 50% of my capital to avoid a margin call if it decides to break it's all time low which it has never done...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
USDHKD reversed off its resistance at 7.8269 where it could potentially drop further to 7.8153.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDHKD
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Pegged currency, strongly defended at 7.85 (Limited risk; any break above the 7.85 levels is gonna be a crisis issue)
- Stochastic Overbought momentum
- Not directly related but Double Top Resistance for the DXY, helps support the drop in USD strength
Suggested Trade:
Entry @ Area of...
