Potential Long USDHKDHello Traders, welcome to my trade idea on USDHKD, we have a good pattern here so the price possible to go back to the resistanceLongby Enry26Updated 2
Sell USD/HKDThis is just a journal for me. I strongly warn you to not take this in your real account. Good luck!Shortby javid1988Updated 1
FX Market Setups Overview for this week #forex #fx #tradingFX Market Setups Overview for this week #forex #fx #trading08:30by ApexBull4
USDHKD and the HKMA delimaNot my own idea but Kyle Bass points out 80% of the HKMA's "war chest" currency board reserves have been used maintaining the upper peg. Trumps trade war is putting extra pressure on this peg breaking. Last time we saw a peg break was the SNB Frac's +30% 1500+ pips in 5 minute appreciation. There are only three routes for them they can raise more money in the domestic economy, they can raise HKD interest rates, or they can break the peg back to a free float system like the SNB. Longby NervaTechUpdated 442
USDHKD back to back harmonic patterns?Most of the time this pair isn't really tradable. It's just an interesting record to see how it deal with the patterns! Let's see how it goes! by Trader_Joe_Lee117
USD/HKD Short ScenarioPossible scenario. Watching for bearish break of trendline. If so, would watch for price to reach key level as noted in the market, which also happens to land at 61.8% fib level. For educational and demonstration purposes only. Trade at your own risk.Shortby mrscelesteUpdated 6
Hong Kong Dollar Strengthens on Rate SpikeThis is an excerpt from MACRO BRIEF: Hong Kong Dollar Strengthens on Rate Spike originally published March 10, 2019. The short-HKD trade is nearly consensus, which reminds me of the short-yuan trade a few years ago that was largely snuffed out by the PBOC. Problem here, though, is the HKMA's attempts to draw in HKD inflows have been superficial at best. Additionally, with China likely continuing using Hong Kong as a dollar ATM it is hard to estimate how long the strength would last. The 3.7 sigma move has pulled in quite a bit but still remains extended. 7-day ROC saw its largest spike since December when the HIBOR 1M and 3M futures converged. We'll continue to monitor the situation, but prolonged elevation of rates could be a problem considering that Hong Kong's economy is strongly interest rate sensitive with banking assets and domestic credit to public sector as a percentage of GDP at well over 200 percent. To access original charts and commentary on this blog post click here . by TheMacroStrategist1
USDHKD and the "problem" emerging market countries in 20182018 saw a rolling bear market in emerging markets, with a lot of EM currencies getting crushed vs. the dollar. Why has everyone forgotten about this? The issues are systemic, and the buy-down of the USDHKD peg only kept the eurodollar market functioning for long enough to forestall some further pain. Now that the peg has been hit again, we are starting to yet again, see renewed emerging market problems.by GTStockmaster0
Shanghai Composite / S&P 500 ratio & The USDHKD PegUnsurprisingly, similar to the currency, the outperformance of the Chinese stock market vs. the S&P 500 falters when the Chinese currency can't be sustained. Not quite as direct of a relationship, but this clearly affects emerging markets, which are highly indebted to the dollar. This is visible if you go back further as well - the broad rolling emerging market problems all occurred starting when the USDHKD peg was hit in April 2018. April 18th, 2018 was a pivotal day in that regard. Also, it's no surprise that EM currency problems are starting to suddenly become problematic once again....by GTStockmaster0
China really does own us!Looking at this chart you will see the Hong Kong Dollar as it compares to the Dow Jones as of late. Notice, that each time the Dow Jones "sells off" it is preceded by a devaluation of the Kong Kong Dollar. Bought and Paid for by China.... :)by jasonroy40Updated 113
Only One Way To GoThe Value of this currency pair is at an all-time high. A level that has never been breached and exhibits an unnaturally potent downward force on price. Buying at this level would most likely turn out to be a giant mistake. As such, selling is the only option. Wait for RSI crossover and place stop above resistance. If this coincides with spring equinox then a drastic move could occur. Shortby VaderNinurta2
USDHKD and its relationship to Emerging Markets vs. US EquitiesUSDHKD is a proxy for monetary "stuff" going on in China. China can stimulate when this peg is not being hit as most of their dollar funding seems to be running through Hong Kong. When the peg gets hit however, we see noticeable problems and effects around the world. We are now about to see the peg get re-hit once again, which will likely kick off another wave of unexpected monetary issues around the world similar to what we saw last April. We will likely see more emerging market underperformance once again relative to US equities if this is in fact indicative of what is going on in the shadows.by GTStockmaster0
High Probability trade on USDHKDThis pair is a fixed pegged currency pair ....right now price is just 10pips away from 7.8500 peg price. Going short is the only way for this pair at the moment except there is a change on the agreement on how this currency pair is managed. Shortby cryptodailyalpha113
Expecting HKD to adjust to higher band, or esle...?been monitoring this pair for almost a year. expecting something between march to may Longby feysysUpdated 0
[Signal] USDHKD: Low-Risk Opportunity Arises AgainUSDHKD Timeframe: 1D Direction: Short Confluences for Trade: - Pegged currency @ 7.85 - Stochastic Overbought momentum - Price action at Horizontal Resistance Trendline (Central Bank defends at this level) - The opportunity appears again similarly to our previous USDHKD trade; minimal risk involved) Suggested Trade: Entry @ Area of Interest 7.8450 - 7.8500 SL: 7.8572 TP1: 7.8350 TP2: 7.8210 RR: Approx. 2.72 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it. Shortby weekendanalyst2
USDHKD 11 RRR shortTrading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line . 4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line. This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.Shortby fiboracleUpdated 4
USDHKD Short Heavily dependent on fading DXY megabullrunxtreme. Other possible shorts using DXY failing to break highs are possibly USDCHF and USDINR.Shortby NeoButane5
USDHKD - SELLI think its a clear view of whats going to happen the next couple of hours/days. ENTRY is at the black line. S/L = 7.84444by Cruz19972
HKDUSD completed the formation of CRABThe price action has almost completed the formation of crab insha Allah it will have a breakout from this long position area. Regards, Atif AkbarLongby moon333Updated 1