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...
As this pair is lack of information, we can only read the rough pattern on the daily chart. As it currently positions in the major resistance area, it will be a high chance to drop again. I also have seen the previous impulse was powerful, I expected that it keeps bouncing in the area and breaks the trendline to over the historic high. Anyway, a small drop is...
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...