Europe Quant Score: Yesterday the score was -32 showing weakness, but a shift of over +32 points showing a dramatic increase in strength overnight gave this amazing long bias. Even though the EUR score is technically neutral, this large shift is showing a change in momentum. Hong Kong Quant Score: Consistently weak at -21 - Trade entered already by our...
TSI W: bull bias TSI D: Long signal on early day price action RSIEMA: bull bias 10/5 Daily bull cross RVI long signal with bull bias
Standard 4H Channel Up (RSI = 60.914, MACD = 0.022, Highs/Lows = 0.0098) but with a clear Resistance zone so far at 9.0630 - 9.0690. This creates the conditions for a short-term long position with TP = 9.0600. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
The pair is trading within a 1D Channel Down (RSI = 36.144, MACD = -0.025, Highs/Lows = -0.0383, B/BP = -0.1084) and is approaching the 1W Support at 8.87100. Quick short opportunity for TP = 8.90390.
TP = 9.2050 hit as EURHKD moved sideways before the Channel Down selling pressure pushed the price lower. The pair is still being traded within a long term 1W Channel Down (RSI = 41.770, MACD = -0.084, B/BP = -0.2478) with the neutral Highs/Lows = 0 suggesting that a Lower High has been priced. As you see on the chart that value was probably yesterday's 9.1235...
The previous TP = 9.23060 has been hit as the 4H Channel Up peaked just above 9.25000. EURHKD is now trading within a 1D Rectangle (RSI = 46.757, STOCH = 50.624, ADX = 26.644, Williams = -54.225, Highs/Lows = 0.0000). We will be performing scalp trading on the tight bands of this Rectangle with the first trade a long (TP = 9.2050).
EURHKD is on a 4H Channel Up (RSI = 59.981, Highs/Lows = 0.0108, B/BP = 0.0243) but was yesterday rejected off a possible Double Top event, so bullish break-out confirmation is needed. Adding buy position with TP 9.23060.
Hey, Strong EUR has caught our attention , the Euro vs Hong Kong Dollar is trading @ 9.23867 that is above previous daily close if you bare in mind the strong up Trend (view chart above) as well as the fact that we got 4 consequent up bars the following summery should be considered summery: According to our trend following strategy we may invite for a...
I am looking at a possible inverse H&S forming on the EURHKD daily chart. In the chart I have outlined what I anticipate to happen in the coming days and also my preferred buy point. Not a recommendation. Just thinking aloud.
Just as with EUR/USD, the pair doesn't want to fall. We can see on the weekly chart a continuation pattern unfolding same as the one on the 8 hour timeframe. If it keeps this level and support, then an upward move is inevitable as the long term trend with Euro from we can see on the Weekly chart and Monthly is long. I would suggest to wait for more confirmation,...
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...
EUR/HKD 1H Chart: Descending Triangle The common European currency is trading against the Hong Kong Dollar in a descending triangle pattern . An existence of the figure became evident shortly after the currency pair failed to slip below the 9.1466 level multiple times. In the early Monday morning the currency rate made a second rebound from the triangle’s...
EURHKD is at the trendline and fibonacci weekly coincidence. Will it break them to reach the top of the channel at 9 area?
A nice descending triangle with 7 touch points. My backtesting has shown me that often the oscillations get closer as the triangle gets closer to its apex, and we see here that this behaviour is very strong. The key here will be the open of next weeks trading, where we will see whether it will break above the descending line and ruin the triangle or if the market...