USDHKD OverviewHitting monthly high range and testing USDHKD peg. Consumer prices in HK is so expensive it deserves to lower vs the world. Perhaps 50% lower would make it a lot more competitive.
HKDUSD trade ideas
USD/HKD is bearish on weekly chart!!!I see a bearish divergence @macd for USD/HKD on weekly chart.
Profit Targets:
7.827
7.812
7.997
7.788
Stop Loss:
7.853
Have a nice weekend,
Berk
USDHKD & Dollar Inverse CorrelationUSD HKD had almost zero correlation prior to 2017. After 2017, the correlation between the two currencies is almost a perfect inverse of each other. Note that the dollar started to rise the second USDHKD hit the upper bound of the peg.
DXY Rise correlation w/ USDHKD peg being defended on April 18Note that the rise in the dollar started on April 18, the same day that the HKMA seemed to defend the peg in a very enormous way. This indicates to me that this rise in $DXY is not a short squeeze, and more of a fundamental issue caused by need for dollar funding.
Short that breakoutI dont think i need to explain why the next breakout is a good sell
Just move the stop in profit.
Trade at your own risk!
Usd/Hkd 4hr Long Term Levels & Patterns to Watch ForFibonacci levels and 100% extension diamond of major wave1 , upward bullish channel is support for any pullbacks, looking at a possible test of lower channel before extending too much higher. watching for short levels at upper channel resistance and buy levels at lower support... currently waiting
Fundamental does not works!?China just gave a nice info to traders to help them saving their HKD.
This is the basic strategy, only patience is needed to trade this pair.
Trade at your own risk!
USDHKD sell areaThree drives pattern almost complete close to major resistance area. Sell the breakout.
USD/HKD 1D Chart: Set for new heightsAll signs on the USD/HKD chart indicate that the pair is set to clearly continue the long term surge of 2017.
Although for the last half a year there was a retracement happening, the pair has touched the lower trend line of the 2017 up pattern and formed a junior channel up pattern, which has been guiding the currency exchange rate higher for the past months. In addition a short term pattern can be seen on the smaller time frames.
However, the currency exchange rate will still need to pass the upper trend line of the still active medium sized channel down pattern.
USDHKD Bull PowerTrading method: RSADVANTAGE Stage 5, 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. Average yearly pips gained is 40k per pair.
USDHKD H4
Technical Outlook
To open long positions for USDHKD, it is required:
In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into positive territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend continues to range this signal will become invalid. Market execution for entry, confirmation will be required for entry.
Risk Description: Once signal is confirmed 108 pips will be up for grab with small risk SL at swing low.
Profit expectations: 1-2 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Current Dynamic S/R Levels:
Swing high: 7.81534
Swing Low: 7.80566
Can USDHKD score a hat trick once more ?Now USDHKD is reaching the 3rd attempt to breakout from the .0236 FIB level. Would it breakout or break in and collapse?
We think it is likely to take a breather, allow traders to take some profits , i.e. temporary sell down before coming up again.
Let's see
USDHKD Short OPPOnce price hit supply zone , it started to drop, we can take short position with decent risk reward
BAT Pattern SHORTIt is a little bit spiky pair, but the pattern looks good for me. We wait for entry at the 88.6 retrace. If price hits the orange line first, the trade is cancled
USDHKD short opportunityExpected good news for the HK stock markets in the sight + US facing issues with NK + pattern.
Reward : risk ratio, ~1.5 : 1.
USDHKD 60 MIN Short opportunityMany ways this structure can develop - flat / running flat / triangle variations.. however all look to have a sell of the break as a good idea. I am slightly bias to Yellow.. Lets see.. Happy Trading!!
USDHKD Watch breakdown for sell Hi fellows, This pair has a huge potential. Watch 786 for price action or look for sell on strong breakout. In case price break above the impulse and close above that then it will change the bearish pattern. Good Luck fellows.
M15 Limits, Buy low / Sell highThis par has an special pattern, long periods of ranging like you can see on the dayli image, and great volatility in the special places, giving a possibility of great profits.
It just came from the perfect sell, on it historic maximum, but these days, it is ranging so If your broker has low spread for this par, you can try at least 80 pips for a long period of time, all in - all out.
